A Ponzi scheme pays profits to earlier investors with funds from more recent investors.
The US economy has problems, but I don't see how that's supposed to be one of them.
I don't think it's even (in 2023) a good model for BTC, although the adverts I saw for it when I first heard about it around the $250 price absolutely were that, and there are plenty of clone-coins that still do today.
ben_w|2 years ago
The US economy has problems, but I don't see how that's supposed to be one of them.
I don't think it's even (in 2023) a good model for BTC, although the adverts I saw for it when I first heard about it around the $250 price absolutely were that, and there are plenty of clone-coins that still do today.
jkepler|2 years ago
You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.
selimthegrim|2 years ago