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

in #steemit8 years ago

Of course it's not a Ponzi. STTEM is open source system. people throwing this Ponzi-shit never have read White Paper. But in the same time it's complex high risk financial instrument, only time will show whether it'll work as planned. Don't want to take risk, buy bonds. Yesterday's show @Blakemiles84 and Tone: it's Ponzi! - no, I... - No, it's Ponzi, Ponzi etc..

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Thanks for your post @busser. I was glad @blakemiles84 posted, as that video definitely brought me to posting this. Obviously i agree with you. Good point on the complexity too. The Steemit White Paper is a must read if you want to solidify your views on this topic..