Difference between revisions of "Ponzi Scheme"
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(Created page with "==Full Title or Meme== A scheme where new investments in a scheme are merely used to pay off the older investors. ==Problem== At some point the number of new investors is ins...") |
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==Problem== | ==Problem== | ||
| − | At some point the number of new investors is insufficient to pay off the older investors and the scheme | + | At some point the number of new investors is insufficient to pay off the older investors and the scheme collapses. |
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| + | ==References== | ||
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| + | [[Category: Glossary]] | ||
==Modern Examples== | ==Modern Examples== | ||
* Bernie Madoff | * Bernie Madoff | ||
* [[Bitcoin]] and similar blockchain currencies.<ref>GILAD EDELMA, ''The Crypto Industry Is Getting Too Honest'' (2022-05-05) https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/</ref> | * [[Bitcoin]] and similar blockchain currencies.<ref>GILAD EDELMA, ''The Crypto Industry Is Getting Too Honest'' (2022-05-05) https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/</ref> | ||
Revision as of 14:27, 7 May 2022
Full Title or Meme
A scheme where new investments in a scheme are merely used to pay off the older investors.
Problem
At some point the number of new investors is insufficient to pay off the older investors and the scheme collapses.
