Decentralized Ponzi scheme. Most Ponzi schemes end when the people at the center of it cash out and disappear or go to jail, and that's the end of things. Bit

Decentralized Ponzi scheme. Most Ponzi schemes end when the people at the center of it cash out and disappear or go to jail, and that's the end of things. Bitcoin has created the infrastructure to allow new people to take over when the old people cash out or go to jail.