What is a Ponzi project in Bitcoin?

Discussion of Bitcoin Economics and Related Events that affect the ecosystem.

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Michel
Posts: 4
Joined: Sat Apr 06, 2019 5:36 pm

Sat Apr 06, 2019 5:46 pm

Recently I read stories about Bitcoin as the biggest Ponzi plan of all time. Has anyone been buying investment or bitcoins? What do you think?
gurumaster
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Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Fri May 24, 2019 4:41 pm

I think a Ponzi scheme in the bitcoin world is the same as it is in other spheres of the financial sector. A fraudulent character accepts payments from investors and then pays other investors with the funds contributed by other investors. Whatever the case, it is clearly not proper.
gurumaster
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Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Tue May 28, 2019 5:27 pm

One way by which one can avoid falling prey to Ponzi schemes is to ensure that one remains cautious at all times. For example, if an offer sounds too good to be true, then it most probably is.
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