Revision as of 14:28, 7 May 2022 by Tom
Full Title or Meme
A scheme where new investments in a scheme are merely used to pay off the older investors.
At some point the number of new investors is insufficient to pay off the older investors and the scheme collapses.
- GILAD EDELMA, The Crypto Industry Is Getting Too Honest (2022-05-05) https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/