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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.
Something isnt "essentially" a ponzi scheme. It either is or it isn't. The reason you have to equivocate to make your point is that it isnt.
"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 technicalities, it is essentially a Ponzi scheme because it conforms to the important concepts - early adopters earning money from late adopters who lose out, with a pretend product in place.
Are you saying making videos about make-up or writing about their holidays isn't work!?!?
How dare you!!!! Everyone, put down your vegan rolls and get this guy!!!