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RE: Is Steem a Ponzi Scheme?
Right I bought steem and everybody on steem uses tipu then when I use it you flag my post down to nothing. Thats why its a Ponzi scheme.
Right I bought steem and everybody on steem uses tipu then when I use it you flag my post down to nothing. Thats why its a Ponzi scheme.
No, that's still not a Ponzi scheme. That's people saying, "buying votes is not OK." Just because people were getting away with reward pool rape didn't make it OK. #newsteem has made it possible to disincentivise that on a grassroots level. That has no relationship whatsoever to a Ponzi scheme, and it's more like direct response to counter rent-seeking.