"Ponzoid."
That's a great word...
I know people like to throw the word "Ponzi" around... but to me the greater irony of the cryptosphere is that it's based partly in the ongoing assertion that governments are not to be trusted because they can just "print money" and thus our dollar bills have no real value...
... and yet, here we sit in an industry where people create a blockchain with an attached token pretty much out of thin air and then claims it has "value" because....?
Which is why I have long been plugging for functional use cases both for Steem, and now for Hive... if we can create an actual economy around a currency, that gives it lasting value. Hence things like SteemMonsters/Splinterlands are super important... along with the LeoShop and the proposed HiveBay marketplace...
Otherwise... when under scrutiny... we're really not all that different from a central bank printing money.
Looking forward to part 2 @demotruk!