self voting can not really be described as a ponzi scheme..... surly ?
and nether can people doing stupid SBD payout giveaways.
Why do you down vote that kind of thing?
What real harm do you see coming from it ?
self voting can not really be described as a ponzi scheme..... surly ?
and nether can people doing stupid SBD payout giveaways.
Why do you down vote that kind of thing?
What real harm do you see coming from it ?
Did you read the article? Steem has market value only as long as people are buying it on a market. The presence of abusive harvesting through self-voting and giveaways doesn't make it a ponzi scheme. If these abuses become dominant then it will be a ponzi scheme. If investors keep cashing out payouts while no is creating value, then it's zero sum rather than positive sum: simple redistribution from late investors to early investors.