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.
"Mark lost all his crypto investments because it was all a Bitcon Scheme."
Origin: from the two grapefruit soft drinks sold in Jamaica, Ting and Schweppes. The term ‘ting’ functions as a brand name and also a slang word meaning ‘thing’. Thus the phrase “you know the ting/schewppes” means “you know how things are/you know the situation”. Given the similarity between the two grapefruit drinks, “Ting” and “Schweppes” are used synonymously.
What's the scheweppes? Heard bare hot gals coming to the party later. You coming, fam?
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Guy 1: fuck i love pyramidschemes Guy 2: ikr! they are like bitcoin and nfts and stocks and bonds and money combined
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Corey Scherer is a YouTuber. He is so funny and amazing in general. He lives in a house with Colby Brock, Jake Weber, Sam Golbach Aaron Doh and his girlfriend Devyn Lundy. Was in a YouTube channel called TFIL with Elton Castee, Colby Brock and Sam Golbach. Corey is also a professional dancer