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RE: LETS TALK ABOUT PONZI SCHEMES.
People want to say that Steem is a ponzi, but you can make $$$ here without putting up any of your own funds. That goes against what a Ponzi scheme is because without new $$$ CONSTANTLY flowing in a Ponzi falls apart. I love the ideas of Steem and Bitconnect, great livestream.
Umm. Every business depends on new or repeat money flowing in to stay operational. Is that the definition of a ponzi? If the owners at the top of a business makes more than the workers at the bottom does that make that business a ponzi or pyramid? If a business pays its sales team a commission to bring in more clients who spend money in that business does that make it a pyramid?