4 ms·

Igiving away prizes looks pretty much like a ponzi scheme to me.

• gruez 2y ago
  It's not. It's a scheme that arose out of behavioral economics. https://en.wikipedia.org/wiki/Prize-linked_savings_account https://en.wikipedia.org/wiki/Prize-linked_savings_account
  • pessimizer 2y ago
    Why would those two things be mutually exclusive?
    • jrockway 2y ago
      Ponzi schemes have a well-defined definition, and it's simply not what these folks are doing. What these people are doing is putting people's savings in ordinary savings accounts, taking the interest earned, and then giving a random person everyone's interest once a month.