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RE: Double your STEEM with @steemdoubler - ROUND #02 - GAME REPORT #03
Ah...So this IS a PONZI SCHEME, use peters money to pay paul, but it's STEEM the depositors stand to LOSE if the deposits sudenly stop. In the real world most countries say PONZI type schemes are illegal. It's all great until the deposits stop and the last depositor doesn't get back his full STEEM, only what's available in the round jackpot. The creator always takes it's 5% though. Is it worth the risk?
If you know how much you want to risk you can play it. The rules are clear so it depends on you if you want to participate or not. Sometimes it is fun to play a ponzi, if you know you can attract more deposits...
You should make it clear that participants stand to lose their steem if they went in late in each round as its imposible to double their deposits. At first i thought the doubling was continues. Had I known it from the start, I would not have participated in this scam....