Why Dogecoin Is a Pyramid Scheme

Why Dogecoin Is a Pyramid Scheme

There's been lots of public debate in recent months about Dogecoin (CCC:DOGE-USD). Is Dogecoin a currency or a security? Is it a good investment or a bad investment? Does Dogecoin seriously compete with Bitcoin (CCC:BTC-USD), or is it just a social media meme?

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Today, I'd like to take a look at another important question. Is Dogecoin little more than a classic pyramid scheme?