3 ms·
I think we should coin (ha!) a new term - 'crypto scheme', a mainly speculative scheme based on artificially created digital scarcity created with block chain t
by a_square_peg 4y ago
I think we should coin (ha!) a new term - 'crypto scheme', a mainly speculative scheme based on artificially created digital scarcity created with block chain technology and promoted using narrative against current fiat-based monetary and banking system. It shares similarities with Ponzi scheme in functional sense but enough difference to warrant a new category on its own and doesn't quite fall under the legal definition of 'Ponzi' scheme.