# 502.3 Lesson - ponziScheme

**Screen:** ponziScheme

**Headline:** Bitcoin is a Ponzi Scheme

**Reward:** 2

**Text:** Calling bitcoin a ponzi scheme shows a lack of understanding of both bitcoin and the definition of a ponzi scheme. A ponzi scheme involves promises of above-market returns to investors, but as a permissionless network, bitcoin does not have a central authority that can make such promises.

Additionally, bitcoin is not an investment scheme, it is a form of money. Unlike opaque investment opportunities that may be promoted to unsuspecting individuals, bitcoin's code is open-source and its supply can be independently verified at all times.

\=================================================================

## QUIZ

**Question:** Which of the following statements is true about bitcoin?

**Answer:** It is a form of money

**Feedback:** Congratulations! You've earned some sats for correctly identifying that bitcoin is a form of money. Did you know that bitcoin was the first decentralized digital currency to be created, and it operates without a central bank or single administrator

**Correct:** true

**Answer:** It is a ponzi scheme

**Feedback:** Ah hah! You fell for the old ponzi scheme trick! Just kidding, but seriously, that's not what bitcoin is

**Correct:** false

**Answer:** It is an open-source investment scheme

**Feedback:** Nope, sorry! Bitcoin isn't an open-source investment scheme. But hey, at least you're learning about it, right?

**Correct:** false

<figure><img src="/files/xR93iufzURdirXaFdZoD" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://earn.blink.sv/chapter-502-bitcoin-criticisms-fallacies-ii/502.03-lesson-ponzi-scheme.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.