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"Not everyone understands what a pyramid scheme actually is, what the warning signs may be, or why such schemes always fail [...] The distinctions should be glaringly obvious, but because bitcoin is complex and the very idea of money is not well understood, it can easily be confused." - Parker Lewis\n\nToday we are diving back into the Gradually, Then Suddenly series from Unchained Capital with an excellent breakdown of what Bitcoin is, and what it isn't. Starting with the both obvious, yet not so obvious truth, that it is certainly not a pyramid scheme! Don't miss another incredible installments by Parker Lewis.\nOriginal Article and the rest of the series below:\nhttps://unchained-capital.com/blog/bitcoin-is-not-a-pyramid-scheme/\n\nOther great pieces mentioned both in the article, and in the commentary:\n\u2022 Everyone's a Scammer:\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8\n\u2022 Bitcoin Has No Intrinsic Value:\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm\n\u2022 Use of Knowledge in Society\nPart 1 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj\nPart 2 - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0\n\u2022 A Story of Booms & Busts\nhttps://anchor.fm/thecryptoconomy/episodes/GuysTake_18---A-Story-About-Booms--Busts-e4aflh\n\nIf you'd like to support this show and become a patron, click the link below!\nwww.patreon.com/thecryptoconomy\n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message