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From your explanation, l can see that you have a clear knowledge of how Ponzi scheme work, many people have l had this your same experience. They always promise to return high profit to the investors.Ponzi scheme is rampant business all round the globe as such, we need to be vigilant while taking any investment.

It is true, steemit is a legit and clean business with high rate of transparency and reliability, users are rewarded base on consistency, handwork and patience.

I wish you success in this contest