> A Ponzi scheme without anyone running it isn't a Ponzi scheme.
Citation please.
> Do you know the difference between, say, a pyramid scheme and a Ponzi scheme?
A pyramid scheme can make money for all participants but makes much more money for people high on the pyramid. Rising up the pyramid depends more on recruiting skill than time of entry.
A ponzi scheme doesn't actually make any money but merely redistrubtes money from later investors to earlier investors.
Citation please.
> Do you know the difference between, say, a pyramid scheme and a Ponzi scheme?
A pyramid scheme can make money for all participants but makes much more money for people high on the pyramid. Rising up the pyramid depends more on recruiting skill than time of entry.
A ponzi scheme doesn't actually make any money but merely redistrubtes money from later investors to earlier investors.