Difference between revisions of "Ponzi Scheme"

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(Modern Examples)
 
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==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) Wired https://www.wired.com/story/ftx-steph-curry-crypto-ad-ponzi-scheme/</ref>
  
 
==References==
 
==References==
  
 
[[Category: Glossary]]
 
[[Category: Glossary]]

Latest revision as of 13:29, 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

  • Bernie Madoff
  • Bitcoin and similar blockchain currencies.[1]

References

  1. 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/