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Myth: Bitcoin is a Ponzi Scheme - Coinbase Crypto UniversityThis one is history, and the answer is clearly �yes�. Ponzi scheme refers to a specific type of fraud, what is going on with bitcoin should. A classical Ponzi scheme is a financial fraud run out of smoke-filled rooms of old men shuffling money around bank accounts and manipulating accounting. according to critics like Roubini and Quinn, with new investors paying out early investors because no actual cash flows are being produced.
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