[danuker]

Do you also consider Bitcoin a pyramid scheme?

[loveparade]

No, I don't. But Bitcoin also isn't particularly interesting because it's not (very) programmable and not useful for mainstream use anyway. I don't consider Ethereum itself a pyramid scheme, just useless. The protocols on top of these chains though, nearly all pyramid schemes. The best way to describe Ethereum is that it provides a platform for pyramid schemes.

[reactordev]

The base of the pyramid, if you will. I wouldn’t lump all contracts in with this but it does describe a vast majority of them.

[justajot]

Hahaha, accurate.