nakamoto scheme

Originally coined by Preston Byrne, in which the modus operandi of Bitcoin is
considered to be sufficiently dissimilar to a pyramid scheme to warrant the
creation of a new term. In a pyramid scheme there is typically one villain at
the top, but within a system like Bitcoin the prime mover is the algorithm and
not any particular individual - even its original inventor. Like a pyramid
scheme, the algorithm determines from the outset how value gets distributed
within the system. What superficially appears impartial and coldly
mathematical has a predetermined social outcome.