Ponzi scheme? Perhaps not. So maybe we need a new word? It's a new invention, an...

jtbayly · on Feb 26, 2022

Sounds like a fiat currency in many respects. Which is funny since that’s what it was supposed to not be.

DonHopkins · on Feb 26, 2022

Pinto Currency?

http://content.time.com/time/specials/2007/article/0,28804,1...

Scripps-Booth Bi-Autogo Currency?

http://content.time.com/time/specials/2007/article/0,28804,1...

Bagger Currency?

https://en.wikipedia.org/wiki/Bagger_288

cygx · on Feb 26, 2022

Here are some terms that already exists: 'economic bubble', 'pump and dump', 'greater fool theory', ...

Ekaros · on Feb 26, 2022

'Mania' etc.

There is nothing special about crypto apart it being digital and new... Art, collectibles, real estate... Many things have been overvalued with basis that prices have always gone up and being paid by those acquiring them later...