A few days ago i took a risk, without fully understanding the economics of the Steemit platform, and bought some Steem. Then I researched a little more about the inflation rate of steem and decided to power up to Steem Power. I have noticed it's giving me like maybe 1% a day return which is incredibly high.
I don't see any advertising so I am thinking the only way we'll get a current price for Steem in 2 years if we decide to power down is if a whole load new people keep joining the platform on an ongoing basis.
My question is: How is this not a Ponzi Scheme?