"Ponzi scheme" seems to have become a catch-all term for any fraudulent or unusually risky financial activity. A Ponzi scheme is when you use the deposits of n

"Ponzi scheme" seems to have become a catch-all term for any fraudulent or unusually risky financial activity. A Ponzi scheme is when you use the deposits of new investors to pay promised investment returns to early investors. Since no one is promising to pay interest on cryptocurrencies, I don't see how they at all resemble a Ponzi scheme.