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While the authenticity of this is dubious, I don't think OP knows what a pyramid scheme is...
Look up MLM (Multi-Level Marketing) schemes if you need a reference point.
It's a pyramid scheme that doesn't appear to involve money.
An MLM for books would be charging for the books and an enrollment fee. Typically in a pyramid scheme the buy-in is the fee and nothing ever comes back to the enrollee that isn't enrollment fees from others.
In this case the books are the enrollment fee.
Just because the stakes are low doesn't mean it's not a pyramid scheme. You buy in, and then you recruit others to buy in by paying you. Pyramid.
Now, if it was a ping that said "send me a book and I'll send you one back!" That would be a fun way to do a book exchange. But it's not, there's no reciprocation.
If you need any proof that pyramid schemes will never go away, just look at the number of downvotes.
I know, it's disheartening, but still. I know I'm personally more compromised then most. My mother lost everything in Mary Kay, an MLM - and I mean everything. Lost the house, car was repo'd, all on the promise that she kept getting that if she hustled harder she'd be a millionaire. She now works at Walmart working paycheck to paycheck in her 70s.
Because of that I'll call out scams like this whenever I can. People are dumb, and gullible, and don't see that if it's too good to be true it probably is. There's 2 big types of dissenters I've seen in this thread. First group don't think it's a big deal (and in my point of view it means you don't care as long as you get something out of it, just don't think about the people who lost below you. Second group are the ones don't see how it's a scam at all. Both of those groups are prime MLM targets, and while the stakes are low here it's important to know the signs so you can see it when the stakes are high.