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."
(N.) A person who is being rude in a pretentious, self-glorifying fashion, while they actually have more flaws to be pointed out about themselves.
Scherm: "Were you just flirting with that guy over there? He's dating someone! Good thing I'd never do something so ignorant."
Bystander: "Shut up, you Scherm! You did that to me!"
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?