zlacker

> A ponzi scheme is ANY financial scheme where old investors are paid exclusively by new investors

No, that assumption (emphasis added) is popular but utterly false.

In a Ponzi scheme, cash from new buy-ins gets FRADULENTLY reported to existing participants as dividends from the underlying business or investment.

That fraudulent reporting of fake-dividends is essential to the scheme, because it's how the scammer lures in successive waves of investors to keep it perpetuated.

Unsustainable optimistic speculation != Ponzi Scheme

>>Terr_+(OP)
Again, the fraud requirement is literally impossible - it's a category error - an algorithm can't commit fraud.

It was conflated in the past because without smart contracts ponzi schemes were necessarily executed by people.

>Unsustainable optimistic speculation != Ponzi Scheme

Speculation on a token that doesn't generate any income and isn't backed by anything is one version of a ponzi scheme, yes.