# Crypto is NOT a Ponzi scheme **URL:** \ **Category:** Great Debates\ **Created:** [November 23, 2022, 12:54am UTC](https://boards.straightdope.com/t/crypto-is-not-a-ponzi-scheme/975417 "2022-11-23T00:54:06Z")\ **Posts on this page:** 1\ **Showing post:** 4
**Author:** ![Dr.Strangelove](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dr.strangelove/32/6613_2.png) [@Dr.Strangelove](https://boards.straightdope.com/u/Dr.Strangelove)\ **Post date:** [November 23, 2022, 1:05am UTC](https://boards.straightdope.com/t/crypto-is-not-a-ponzi-scheme/975417/4 "2022-11-23T01:05:04Z")
We’ve had this discussion before: > [@Help me Understand Non-Fungible Tokens](https://boards.straightdope.com/t/help-me-understand-non-fungible-tokens/938969/42): > > It’s not a Ponzi scheme unless you broaden the phrase into meaninglessness. It’s a speculative bubble, like tulip mania. A Ponzi scheme requires some kind of fictitious business and an investment vehicle where early investors are led to believe that the shares are gaining value, but instead are being paid by later investors. That’s not what’s going on with NFTs. There is a vague similarity in that they all follow the maxim that _if you don’t know who the sucker is, it’s you_. But pretty much all scams follow that in one way or another. --- _[View the full topic](https://boards.straightdope.com/t/crypto-is-not-a-ponzi-scheme/975417)._