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Comment by manfredz

It's not a Ponzi scheme. It's a multi-level marketing or pyramid scheme. A percentage of every sale (transaction fees) of crypto goes to the other coin owners of the crypto. For every crypto coin it works slightly different. For Bitcoin, the original design was that everybody could be a miner and (potentially) receive transaction fees. Now it's in the hands of a few with the computing power.
parent manfredz 4 years ago

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