A number of people who don't understand the true inventiveness and beauty of the Steemit economic system (Steemit isn't a Social Network - It's an Economic System) have worried that it is just a Ponzi scheme.
First off, just look at the definition of a Ponzi scheme - a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Steemit's vesting system is specifically designed to prevent "payment of quick returns".
Now, it is somewhat of a pyramid scheme . . . . currently -- but so is Social Security, multi-level marketing, etc. But, in the future, even though the economic system doesn't require it . . .
imagine the explosive growth that will happen when Facebook advertising dollars start flowing into Steemit instead . . . .
Facebook hoards its corporate profits. *You* own Steemit -- and by getting in on the ground floor and being the ones who build it up, you are going to be the one who profits!
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