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RE: Steemit is NOT a Ponzi Scheme - It’s an Economic System just like the $USD
the way I see it, you need to BUY IN a pnzi scheme right?
And the gross of your buy-in goes to the top dogs, which are basically the only people that make real money at the expense of fools that get in "late".
So if a minnow joins today without buying is, is he making money for the "whales"? yes and no, because if STEEM increase so does the minnows value, albeit at a lower rate due to his small SP.
Isn't that the clearest sign of NOT ponzi scheme?
@razvanelulmarin Thanks for your post. I must be tired. Took me a while to get my head around your post (even though it is very clear).
I think the contention of some is that, some people are buying in, when others are profiting by selling there (labour earn) Steem to them. Your points are completely correct IMO, You can join for free, and the 'Whales' don't benefit directly (financially) from that.
The rules and conditions are the same for everyone on a TRANSPARENT Blockchain....