This was so well-made! Love these animations. Mine are in self-development. You can show so much detail by animating an explainer! Don’t stop making these!
I first heard of a Ponzi Scheme from an episode of "1000 ways to Die" but I never heard of a Pyramid Scheme. Now thanks to this video I know what a Pyramid Scheme is.
I have been invited in two pyramid schemes while in high school. Back then I didn't know the meaning of a "pyramid scheme" but the work was overwhelming for a high school student compared to the promised benefits. What led me to leave both is that they recommend me to leave school so I can "better make money" and my laziness at the time did not like the idea of involving riends for things I was too lazy to do. Plus, what friends? I had no people I acknowledge to be "a true friend." I lasted for about 2 weeks, and was happy when I left because I did all the work and gained little from it.
If savings were scarce, then pyramid/ponzi schemes would be significantly less common. People would park their money in secure sound assets & investments, or simply save.
In what way? Bitcoin, or any crypto currency for that matter, doesn't even have an organization model (They're peer to peer networks) You have to not know what crypto currency even is to make this comparison.
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Thank you, glad to have your video releases back :)
This was so well-made! Love these animations. Mine are in self-development. You can show so much detail by animating an explainer! Don’t stop making these!
Thank you!
"Herd instinct is not advised in the stock market, fundamentals analysis is" sum up pretty clearly how it actually works.
I first heard of a Ponzi Scheme from an episode of "1000 ways to Die" but I never heard of a Pyramid Scheme. Now thanks to this video I know what a Pyramid Scheme is.
It's just like social security.
i know the speaker in irl btw :)) he is a good and awesome friend of mine :)
I have been invited in two pyramid schemes while in high school. Back then I didn't know the meaning of a "pyramid scheme" but the work was overwhelming for a high school student compared to the promised benefits. What led me to leave both is that they recommend me to leave school so I can "better make money" and my laziness at the time did not like the idea of involving riends for things I was too lazy to do. Plus, what friends? I had no people I acknowledge to be "a true friend." I lasted for about 2 weeks, and was happy when I left because I did all the work and gained little from it.
If savings were scarce, then pyramid/ponzi schemes would be significantly less common. People would park their money in secure sound assets & investments, or simply save.
My family invested in a pyramid scheme. We got burned. I was kid then. Now I know better and can smell one a feild away
Same here
What happened to the former lector? Did he fall under the Ponzi scheme?
so basically bitcoin
It's more like herd speculation.
In what way? Bitcoin, or any crypto currency for that matter, doesn't even have an organization model (They're peer to peer networks)
You have to not know what crypto currency even is to make this comparison.
*cough cough* Crypto