Term Ponzi used as follows: payouts to existing stakeholders coming from money collected from new participants. Reason for this word was: where is added value?
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Term Ponzi used as follows: payouts to existing stakeholders coming from money collected from new participants. Reason for this word was: where is added value?
One could say the same thing about bitcoin. Or gold. Doesn't make either of them a ponzi though.
No, they are values by default. I just tried to show the meaning of "ponzi" as it was in the video. Simple answer is: content is added value in our case, then it's not a ponzi
i think that other value added to steemit is that you don´t need to be a early adopter to get big reward, this is something that we can´t say about bitcoin,ethereum, or any other good altcoin. i see steemit much more democratic, is the upvote of real people who make you become a value member of this comunity, not just rooms full of mining hardware.