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.
"Marklost all his crypto investments because it was all a Bitcon Scheme."
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!
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!
A god amongst men, a true hero and legend.A epicly large lad that may of freaked it too hard.He was the ruler of the techroom and the guardian of the 3d printer.Dont get on his bad side or he will bring you to his techroom and freak you.His main enemies were slackers,people who wouldnt switch gears and vex spinners.his phisique was chode like with his hair as pink and as waxxy as a crayola crayon.
Dan:I TOLD YOU TO ONLY PUT YOUR NAME!!
Alex:Schielke look out for the bees!
Dan:OH GOD NOT THE BEES!!!