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RE: Steemit is NOT a Ponzi Scheme - It’s an Economic System just like the $USD

in #steemit8 years ago

You apparently know nothing about economics. The US$ is the biggest ponzi scheme in the world. It's backed by absolutely nothing but violence and ignorant people's faith in it and they "print" "money" out of tin air constantly. Look up "fractional reserve banking" if you don't believe me.

So many "experts", so little critical thinking skills.

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Well, clearly you have your own definition.

Which is fine, but its a tough definition to live by.

So i mean, you think usd is a ponzi scheme... and probably most other currencies too. And probably stocks and tbills too, so what do you do... just buy gold (or is that also a ponzi scheme) and hide it under your bed,