There are some systems that have some aspects in common with pyramid schemes that are legal (Social Security sometimes gets called a “pyramid scheme” by people that don’t like it, for example, and MLM schemes are legal, though they can, in practice, partially work something like pyramid schemes).
I am not a lawyer, so I can’t make any claims about US law.
If, as you claim, pyramid schemes / ponzi / pump and dumps are not legal in the US.
, how is it that A16Z leadership wasn’t arrested for investing in Axie Infinity?
A business model like Axie Infinity is mathematically impossible. The same cannot be said of government safety net systems.
Pyramid schemes are not legal in the US.
There are some systems that have some aspects in common with pyramid schemes that are legal (Social Security sometimes gets called a “pyramid scheme” by people that don’t like it, for example, and MLM schemes are legal, though they can, in practice, partially work something like pyramid schemes).
I am not a lawyer, so I can’t make any claims about US law.
If, as you claim, pyramid schemes / ponzi / pump and dumps are not legal in the US. , how is it that A16Z leadership wasn’t arrested for investing in Axie Infinity?
A business model like Axie Infinity is mathematically impossible. The same cannot be said of government safety net systems.