Why are pyramid scheme dapps so popular?


#1

Out of everything I would not imagine these dapps to be so popular? It seems they create a lot of FOMO and then die very quicky. Do you think this trend will continue?


#2

A lot of the pyramid dapps coming into DappVolume are the same smart contracts over and over with slighly different variable names. So I think the main reason is because its easy to set up/clone the existing contracts. The barrier to entry is smaller vs creating a game/exchange etc.


#3

Because “decentralization” is currently a buzz word that people throw around without proper understanding of it. The real problem is that DApps and Blockchain have such a huge potential that is thwarted by people who don’t understand it.


#4

because many users want to get rich quickly.
maybe…!!


#5

Because the technology is new, anytime something is new you will find people doing all sorts of unethical things to make money.