Ethereum Smart Contract Ponzi Schemes: Part 2

Tree Shaped Ponzi

If you haven’t read part one of this series on Ethereum Smart Contract Ponzi Schemes, you can read it here.

In the previous post, I explained how Ethereum is being used to modernize the nefarious world of Ponzi schemes, using a simple Chain Ponzi. In the Chain Ponzi, each new member is linked only to the member previously joined, with the pitch being “we guarantee to double your money”. In this post, I’m going to explain the Tree-Shaped Ponzi.