> For the complete documentation index, see [llms.txt](https://earn.blink.sv/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://earn.blink.sv/chapter-502-bitcoin-criticisms-fallacies-ii/502.03-lesson-ponzi-scheme.md). # 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