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
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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 5, 2022
Get the Pyramid Scheme mug.by j.w.g7masi October 16, 2014
Get the Schmeckle pop mug.A Schmeddy is a very good friend, your bestest friend maybe, a bestie, one that causes you to laugh so hard you cry and/or pee your pants when your together or on the phone. A friend that’s like your sister or brother from another mother.
I had such a great time with my schmeddy! I can always count on my schmeddy! Me and schmeddy laughed our asses off all night!
by Michele19 October 1, 2018
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