sharing is caring my friend

>***because doing a similar thing with Steem would just decrease the value of Steem. So mr Ponsteem... would not gain millions of dollars, but millions of a currency worth just nothing!!!***

Unless he cashes out at the right point.

A lot of times, you hear about cryptocoins with fixed supply and/or small inflation, that they are pyramids because the late entry has to pay for their coins to the early adopter.

The situation here is reversed, in the sense that we have a lot inflation and dilution for non-SP locked money. So the same argument can't be used with the reverse rationale.

Ponzi are somewhat different than pyramids, but there is something that is slightly unsettling regarding the 10% interest of steem dollars as it drains a closed-loop economy - in case external investors want to buy steem dollars for their 10% annual rate (which is rare in terms of performance)...

They are cashing out now stupid, and they dont have to wait to get the steem out like everyone else.  There is zero proof what the founders are doing with the steem that they control. They are manipuating everything here, you live in a hologram full of steem hope that will be broken into peices, enjoy.

> Also if the founders of Steemit have reserved for themeselves a big part of the cake, we can be optimistic about the future, because if they try to transform this site in a speculation, they will just sit with a ton of Steem in their hands... but Steem will be worth nothing!

There are so many ways that assumption can be incorrect.

I think that at this stage even founders cannot be sure, is it Ponzi scheme or not.  They (and we) hope, not

Is Steemit a Ponzi? 

I think there is a flaw in your analysis: The founders are not heavily invested, because they insta-mined the tokens. For them, any value strictly larger than zero is a net gain. They are powering down and cashing out millions.

Try to answer this: Is Steemit sustainable once no new users come in? No, because the monetary base would keep expanding as the user base would stagnate.

We could see the effect sooner even, once the influx of new users slows down.

**The bagholders are those who bought high, not necessarily the largest stakeholders**.

If you are a steemit millionaire you can just make another account upvote all your posts and you make a fortune... Steemit is BIG SCAM

Agree.
https://steemit.com/introduceyourself/@charles-ponzi/charles-ponzi-businessman-and-con-artist-is-now-on-steemit

Charles P.

@dan upvoted, it must be true then!

God damnit. 
Everyone needs to read this. Every time I hear the word Ponzi in relation to Steemit, I go out and find a little kitten and kill it. 
Srsly.. We need to stop the madness.

If someone needs to buy into the reward system, it is a semi-ponzi. It however still has potential, and I see it going really far in the future. Just think about the bigger picture.

I upvoted you for having done the effort of making a nice article. I don't agree with your explanation. I am not saying Steemit is a Ponzi scheme, it is just that your way to explain it isn't, doesn't match up. I am talking about this part:

*because doing a similar thing with Steem would just decrease the value of Steem. So mr Ponsteem... would not gain millions of dollars, but millions of a currency worth just nothing!!!*

It is very easy to convert Steem into Bitcoin. So mister Ponzi can still convert all this Steem into Bitcoin and then mister Ponzi doesn't have to care anymore if Steem gets crushed or not.

Loving all this education around this idea, thanks a bunch, namaste   :)

lol

I never thought of it being a ponzi scheme, cos when you see the use case and how poeple can incentivice them self unvealing the fabooks and other platform , you will se that is here to alstat

good post @freiheit

pliss votes back thanks :D
hope you can visit my steemit https://steemit.com/introduceyourself/@gilang-ramadhan/hello-steemit-i-come-back

"So mr Ponsteem... would not gain millions of dollars, but millions of a currency worth just nothing!!!"

So of those $2,782.29 that this post has supposedly made, how much can you turn into USD today? Or are you getting a bunch of  tokens that are worth nothing while more people get sucked into investing into this?

I think it may take a little luck in the shorterm because while it is not a ponzi scheme it does certainly get influenced by some big players. In the long run I think most of us will have to https://steemit.com/steemit/@iamwne/persistence-approach-to-steemit-a-practical-guide

All Steemit novices need to read this https://steemit.com/money/@jillstein2016/how-to-go-viral-on-steemit