u/beachbarbacoa wrote (the comment Michael replied to):
Either you don’t know what a pyramid scam is or you don’t know what “literally” means - it literally is not a pyramid scheme. Have you never heard of referral programs or affiliate marketing? In a pyramid scam money coming in is used to pay returns on existing money, this can’t
u/michaelnovati replied ·
Yeah that's fair, I'll edit to clarify, because that's out of context and based on the other person's answer.
I was latching on to: "the more people you recruit/refer, the more discounted your tuition is."
my point was that if everyone referred everyone such that their tuition was $0 or negative, then how does the business operate?
more of a theoretical extreme that I will clarify