SEC - S17W3 : "Let's Talk About Ponzi Scheme"

Hi friends! Am coming your way again with another captivating entry on my blog. The anxiousness of humans for gain and money has resulted in extra pain. Schemes besides the controlled avenue for making earnings are nothing less than risky ventures. Notwithstanding, let's launch into my entry on "Ponzi Schemes".

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Have You Ever Heard About Ponzi Schemes?

So many times have I heard about Ponzi schemes. For so many people, it isn't a piece of news because we've seen it being done in virtually every country regardless of economic status or income. It is boundless and carried out by those gimmicks who constantly crave to eat up their finances.

I've not just heard about Ponzi schemes but have also done them each time I come their way. But not anymore because it initially seems that one is winning but in the long run loses more than whatever is gained.

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Have You Been Offered To Invest In Any Of These Schemes?

In several occurrences have I been snared and frankly, I even introduced others who invested along with me. The treachery of the Ponzi Scheme is that it's commonly attractive to enroll at introduction or first lookout.

It is a good thing to be aware that generally, Ponzi schemes don't have a happy ending. It may be going so well as we make jumbo earnings but in the hunt for reinvestment to gratify our curious greed, our capital as well as profit is lost.

The only fun is in their capacity to present referral rewards enticingly. This is a deployed strategy that enables people to bring more persons because of the handsomely rewarding referral earnings.

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Do You Know How To Detect Ponzi Schemes?

There are a couple of things to look out for when faced with a Ponzi scheme regardless of how gaudy and invasive its sight may appear.

We should examine the scheme for rewards in relation to the offer given by other centralized and legal outsourcing or investment corporations. Those of the Ponzi scheme are mostly high and alluring.

Compared to other legalized establishments, there is most often a small ROI (Return On Investment). Smaller periods of maturity along with high returns are part of the characteristics of Ponzi schemes.

Finally, it is accompanied by a referral scheme that facilitates faster growth of the enterprise while it is still surviving.

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Do You Think Steemit Is A Ponzi Scheme?

This is an amusing question! Steemit is eternally far beyond the gimmick referred to as Ponzi. Steemit has survived the test of time and stood its ground against all odds.

Steemit is a platform for engagement that doesn't certainly employ a mandatory investment of funds prior to participation or involvement. Steemit doesn't need money to get started, afterward earn, and the cycle goes on; this is very opposite of the layout, structure, or design of the Ponzi scheme.

Steemit rather operates on the engagement activities in it as well and users are rewarded based on the degree of creativity and quality of their content. This does not in any way share similarity with the dispositions of the Ponzi scheme.

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Thank you, my beloved friends...
Am inviting @ninanpenda and @xkool24.

I am @hisgeneral