One guy answered a comment of mine by saying Bitconnect wasn't a scam because many people had gotten rich off of it, what he failed to mention is the many more who lost money, I think that defines a Ponzi, the creators and the first guys in make money, the rest can be happy if they break even, most will lose.
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Yup, the classic definition of a Ponzi -- new investor money goes to pay off old investors.