We have been getting panicky emails in our mailbox by concerned readers about the latest developments of the Bitcoin price. Articles, even from reputable newspapers, are headliend by titles such as “Bitcoin is a Ponzi”. In nearly every article out there about “Bitcoin is a Ponzi scheme”, the term Ponzi isn’t explained.
When most of us hear about Ponzi schemes we think of some slick, smartly dressed mobster – including a hat – who dazzles unsuspecting victims with a smart sales pitch. He or she gets their victims to invest in so called “risk free” investments with huge returns.
