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Yes, in this way, it’s just like multilevel marketing campaigns, Ponzi schemes, and the like. And of course, what happens with both chain letters and Ponzi schemes is that they collapse when the supply of new, novelty-seeking recipients dries up. As a result, existing participants stop getting paid. This in turn causes churn, which then unravels
... See moreAndrew Chen • The Cold Start Problem: How to Start and Scale Network Effects
Our app Dialup is fundraising. Instead of sending a deck, I started a chain letter and sent it to a few people asking them to forward the email to 5 investors for good luck. It reached 490 investors at 212 VC firms within two weeks and is still circulating.
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Danielle Baskinx.com
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Quick & Dirty Guide to @DogechainFamily $DC
1) Thesis
- @dogecoin $DOGE has high awareness for crypto & non-cryptos, see @elonmusk
- allows for quick adoption & entry into new #defi chain
facilitated by integration/airdrops into CEXs @binance @RobinhoodApp
- still... See more