Elcactus

Elcactus t1_j3s8k8u wrote

Pyramid scheme. A ponzi scheme is something specific where the schemer pretends that their payouts are coming from a legitimate business venture. Poinzi himself pretended to be arbitraging mail coupons, for example, while simply paying out from the money people put in. A pyramid scheme can openly state its value is from the perception of its value, as most coins tend to.

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