term to describe the Ponzi-like schemes of the cryptocurrency world, especially in terms of bitcoin; gets its name from "bit" as in "digital", and "con" as a twist on "coin", and to describe the type of scheme (so "digital coin" -> "digital con").
Used as an alternative to "Ponzi" because cryptocurrency adherants argue that only fiat currency is used as the ROI for early investors in Ponzi schemes, contrary to the imagined value of cryptocurrencies being used as the ROI in the cryptocurrency world.
Used as an alternative to "Ponzi" because cryptocurrency adherants argue that only fiat currency is used as the ROI for early investors in Ponzi schemes, contrary to the imagined value of cryptocurrencies being used as the ROI in the cryptocurrency world.
by JuliusCesarus June 27, 2021
Not actually a scheme but an incredible way to make money fast by being involved in a Multi-Level Marketing Business!
You can even be your own boss!
We recruit you and you recruit other people to sell more!
Don't look into it any further!
Our Premium Package starts at 199.99$ a month!
Act fast because this is a limited time offer!
Get involved now!
You can even be your own boss!
We recruit you and you recruit other people to sell more!
Don't look into it any further!
Our Premium Package starts at 199.99$ a month!
Act fast because this is a limited time offer!
Get involved now!
Guy 1: fuck i love pyramid schemes
Guy 2: ikr! they are like bitcoin and nfts and stocks and bonds and money combined
Guy 1: I am going to invest in my future today!
Guy 2: ikr! they are like bitcoin and nfts and stocks and bonds and money combined
Guy 1: I am going to invest in my future today!
by FRICKO MODE January 6, 2022
Friend 1: "Dog we were straight up scheming butthole today!"
Friend 2: "Yeah dude, we schemed those beaches for every butthole we could find!"
Friend 2: "Yeah dude, we schemed those beaches for every butthole we could find!"
by OTJdog March 27, 2017
Probably one of the best Dj's in the world. He likes to spread positivity and to help every person he can. He mostly works for xxxtentacion, Ski Mask the Slump God, & Fat Nick.
Friend: Did you see Dj Scheme's performance last night?
Me: Of course I did he's one of the best Dj's in the world!
Me: Of course I did he's one of the best Dj's in the world!
by sleepy b September 27, 2018
"I used to drive the acura to school"
"Now I dont touch the wheel unless its new"
(we call that scheming up)
"Now I dont touch the wheel unless its new"
(we call that scheming up)
by The 1st to define this April 17, 2015
Big Al's was robbed of dozens of dollars when it was discovered that Arthur Fonzarelli had been playing songs for free by merely punching the juke box, otherwise know as a "Fonzi Scheme". When contacted at his office in the men's room at Big Al's restaurant, Fonzarelli had no comment
by angusshangus January 7, 2009
A fraudulent business model, illegal in most places, in which participants are paid to recruit more participants, rather than commissions on sales.
Frequently passed off as Multi-Level Marketing by incorporating sales of an unmarketable product or service into the scheme. In such cases, participants are usually required to maintain a monthly purchase quota to qualify for payments.
Frequently passed off as Multi-Level Marketing by incorporating sales of an unmarketable product or service into the scheme. In such cases, participants are usually required to maintain a monthly purchase quota to qualify for payments.
Pyramid schemes market to prospective participants while Multi-Level Marketing plans market to prospective consumers. Pyramid schemes fail because scam participants are not a viable market. Most of the participants pay more money to participate than they receive for participating because there aren't enough suckers left to recruit.
Once the suckers figure that out and quit paying into the scheme, those who recruited them start losing money too, and then they quit. The scam shrivels even faster than it grew.
Once the suckers figure that out and quit paying into the scheme, those who recruited them start losing money too, and then they quit. The scam shrivels even faster than it grew.
by Downstrike September 10, 2004