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erikisakson (25)in #steemit • 9 years ago
RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
eh?
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erikisakson (25)in #steemit • 9 years ago
RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
"Essentially" used to emphasize the basic, fundamental, or intrinsic nature of a person or thing. So while not literally a Ponzi scheme according to various…
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erikisakson (25)in #steemit • 9 years ago
RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
I said "essentially" a Ponzi scheme because all of the money is coming from new investors as opposed to legitimate sources. The difference with IBM is that they do work and have income from contracts.
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erikisakson (25)in #steemit • 9 years ago
RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
Thanks. I'm not saying people should necessarily quit the platform; Just that they should be prepared for the value to crash.
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erikisakson (25)in #steemit • 9 years ago
RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
Good questions. "All of this really assumes that the site and the content have no value whatever. Is that your assertion?" The content has value, but in order to actualise…
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