> Hopefully we'll end up with a new word for "decentralized ponzi" to differentiate them in future. We don't need new word. We already have words like "pump a

> Hopefully we'll end up with a new word for "decentralized ponzi" to differentiate them in future. We don't need new word. We already have words like "pump and dump" or "irrational asset bubble" or "high yield fraud" that accurately describe what's going on. By understanding the kind of financial fraud that is (or many be) actually occurring and calling it out correctly, we can more effectively put a stop to them. In fact, although there are many different kinds of crypto scams, very few are new. Most have been run many times before in a variety of different ways and have well-defined names.