Is Luna a Ponzi scam behind the tens of millions of dollars in gambling? Before we can debate whether Terra is a Ponzi scam, we need to agree on what a Ponzi scheme is. What is Ponzi scheme? Ponzi is a financial concept in which the money of new investors is utilized to pay the returns of previous investors. It gets its name from Charles Ponzi, an Italian-American immigrant who perpetrated a Ponzi scheme. It devised an investment strategy, in which it will use the cash raised to purchase Euro...