Pyramid Schemes, or MLMs: what they are, the problems involved, and five questions to protect yourself + a totally unrelated talk about crypto.

First off, what exactly is a pyramid scheme?A pyramid scheme, also known as a “multi-level marketing” scheme or an MLM, is a popular form of direct selling that involves using one’s social connections to grow a business network. A 1996 academic journal defined direct selling as “face-to-face selling away from a fixed retail location”, usuallyContinue reading “Pyramid Schemes, or MLMs: what they are, the problems involved, and five questions to protect yourself + a totally unrelated talk about crypto.”

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