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I'll never understand this. Seemingly, in modern lingo, ponzi scheme means "any unethical thing relating to investments". People will argue to death that any sc
by anm89 4y ago
I'll never understand this. Seemingly, in modern lingo, ponzi scheme means "any unethical thing relating to investments". People will argue to death that any scam investment is a Ponzi even when they have nothing to do with the original definition
- mackman 4y agoMy understanding was he was offering 20% returns on investments and it seems it was paid for by new money coming in propping up the currency despite the dilution caused by interest payments. That sounded like a Ponzi scheme to me.