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RE: The Steemit Ponzi scheme discussion - some common questions

in #steemit8 years ago (edited)

Steemit is absolutely brilliant. It's hard to imagine how it could fail and easy to see how it will likely have over 100,000 users in a year. Not a ponzi scheme. As you stated... any new system of money could be viewed that way. This is less of a ponzi scheme than bitcoin as this has a built in use case that is being used right out of the gate!

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Yes... "You only accept dollars because you expect that someone will accept them later! Greater fool theory!"