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RE: Steem is ESSENTIALLY a Ponzi Scheme - It’s nothing like the $USD
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.