>AFAIK the definition of a Ponzi scheme is a fake investment where no actual investment in productive activities takes place and all profits are paid out from i

>AFAIK the definition of a Ponzi scheme is a fake investment where no actual investment in productive activities takes place and all profits are paid out from increasing intakes. The way to tell your understanding is wrong is that it would describe every currency, and every possible asset (land, valuables, etc).