What is ponzi? I'm a newbie too and I've been seeing this word a lot. Is it like a scammer website?
A scam involving paying off money to old investors with new investors' money. Eventally the last group of people paying into the scam never get their money back.
Want to read more?
http://en.wikipedia.org/wiki/Ponzi_schemeOh, got it. So would that mean that an ordinary scamming website isn't labeled as a "ponzi scheme"?