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RE: Appropriate to Flag a Ponzi scheme?
Because those things you describe have an actual product to create value in the chain. Mary Kay cosmetics is another very legitimate MLM.
I don't disagree with you - but right now there are at least two bitcoin ponzi schemes and more will come. The difference is that these projects are 'Madoffing' - give us your coins and you will get more back - with no realistic plan how to do so.
I understand - but add that if you are convinced something is fraudulent, are you not bound to report the activity to the police? Compared to that, a Steemit Flag doesn't accomplish much.