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RE: Steem experiment: Burn post #1

in #steem7 years ago

For every creative exploit (@haejin it seems, at the moment) there will require an equally creative counter-exploit.

I can't honestly say I understand what exactly is happening with some accounts like @haejin, but it looks like a small ponzi scheme within the ecosystem. If/when it collapses, how much toxicity it will spread is an unknown... assuming a ponzi-style collapse is the direction it will take.

Won't destroy the ecosystem, though I think @smooth has nailed an appropriate, measured response that limits damage to the broader ecosystem by offsetting the results of shrinking available supplies.

Kudos @smooth. I'll upvote these each day.

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"but it looks like a small ponzi scheme within the ecosystem."

You seriously need to research what a ponzi scheme is, because you have no fucking clue.

Or, perhaps you can point us to where Haejin takes in investor money, promises unsustainable gains, and then pays out those gains to old investors from new investors?

Since all three of those will be impossible to show, you'll probably just end up looking foolish.

Do you know for a fact that he doesn't have multiple shell accounts operating under a scripted umbrella?

Please note my language --- "it LOOKS like a small ponzi scheme..."

Or maybe I do have "no fucking clue"... or you can promptly fuck off. Either way, I'm all out of cares to give.