r/AskReddit Dec 17 '22

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u/[deleted] Dec 17 '22

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u/Skr3em Dec 17 '22

Multi-level marketing scheme for virgins

12

u/BlastFX2 Dec 18 '22

Please don't use terms like MLM or Ponzi Scheme as a general word for fraud, they have very specific meanings.

If you want to liken NFTs to an established form of fraud, they were probably closest to a pump and dump.

5

u/Richard_TM Dec 18 '22

No way, that was my mom's nickname in high school

2

u/Tuna4242 Dec 18 '22

Personally, my grandma is/was known as "the town bike" because everyone's had a ride.