Why Dogecoin Is a Pyramid Scheme
- Date: 13-Jun-2021
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
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?
Source: Orpheus FX / Shutterstock.com
Today, I'd like to take a look at another important question. Is Dogecoin little more than a classic pyramid scheme?