"A Ponzi scheme, or "ponzi" for short, is a type of investment fraud with these five features:
1 People invest into it because they expect good profits, and
2. that expectation is sustained by such profits being paid to those who choose to cash out. However,
3. there is no external source of revenue for those payoffs. Instead,
4. the payoffs come entirely from new investment money, while
5. the operators take away a large portion of this money."
This is great because points 3 and 5 are trivially proved false for Bitcoin and shows that is no more a ponzi scheme than stocks or real estate or any other common investment.
Thank you for the insight.