Difference between revisions of "Ponzi Scheme"
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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 collapses. | At some point the number of new investors is insufficient to pay off the older investors and the scheme collapses. | ||
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| + | ==Modern Examples== | ||
| + | * Bernie Madoff | ||
| + | * [[Bitcoin]] and similar blockchain currencies.<ref>GILAD EDELMA, ''The Crypto Industry Is Getting Too Honest'' (2022-05-05) Wired https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/</ref> | ||
==References== | ==References== | ||
[[Category: Glossary]] | [[Category: Glossary]] | ||
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Latest revision as of 14:29, 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.
Modern Examples
References
- ↑ GILAD EDELMA, The Crypto Industry Is Getting Too Honest (2022-05-05) Wired https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/
