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RE: Steemit is NOT a Ponzi Scheme - It’s an Economic System just like the $USD
All the asshats that are screaming ponzi on here tend to forget the laws.
If STEEM was a ponzi.. ANd they are participating in it knowingly while calling it a ponzi.. They'll be incarcerated with the rest of them..
If you truly believed it was a ponzi.. You'd be no where near the site due to fear of legal repercussions and jail time.
Thanks @klye for joining me from steemit.chat. There is quiet some debate ongoing on there at the moment
I think people are forgetting the 'fraud' element needed for it to be a Ponzi... I don't believe I am wrong with that statement, but someone feel free to educate me...