Is Weblo just a pyramid scheme?
Weblo.com creator Rocky Mirza has been described as an Internet visionary by Weblo marketing director Sean Morrow. But is the Web site he created, in which virtual properties are bought and sold for real money, really just a 21st-century pyramid scheme? … “The concept of a virtual economy is something people aren’t familiar with, and so they are relating it to something they do know, which are pyramid schemes. In actuality, there are defined hierarchies within the site, not dependent hierarchies like you find in pyramid schemes,” Morrow said. “There is no scam element.” The article goes on to say that the assistant DA couldn’t say whether or not it was in fact a pyramid scheme, since she had never seen it. Well, that proved to be a challenge I simply could not pass up. Sooooo, I fired up a new window in Safari, and toodled on over there to take a quick look-see for myself. What did I find? Did I wind up in the land of the e-Gypped? It’s a little hard to tell exactly what purpose this
