lol I almost went to a "Protandim" meeting the other day, which is more of a pyramid scheme than a ponzi, but I have heard Bitcoin and cryptos referred to as giant pyramid schemes as well so I find it fitting to discuss. Infact that was the first thing my friend said when I told him "Nah I'll stick with BTC and cryptos" then went on to describe what I thought about the product he was trying to sell people, I tried my best not to hurt his feelings or "burst his bubble" because if he is getting good results with the product and is making a bit of money then good for him (I didn't even bring up "the placebo effect") But when he came back with "well isn't BTC a giant pyramid scheme?" I had a good chuckle then talked about it as a secondary economy and discussed CAN/US currency and talked about how fragile they are or could be with the turbulent times the world is finding itself in these days... peoples pensions etc at risk. then I asked him "Keeping all that in mind do you think it is a safe bet to put all your eggs in one basket?" It seemed to make sense to him, and I truly hope he begins to take BTC more seriously.

As far as steemit/STEEM being a ponzi LOLZ that is a truly hilarious statement, I think in time steemit and sites like it will show the true potential of cryptos to the masses, they want to see it at work in the real world... steemit offers them that opportunity.