RE: Steem is a Ponzi Scheme.. Check it out

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Steem is a Ponzi Scheme.. Check it out

in steemscam •  8 years ago 

Cant you just deposit 10x more into your account and then take it all out? (Making extra money which is what you started with?)

steemscam
8 years ago by

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      ·  8 years ago 

    While you could, it takes 2 years to convert Power back into Steem, so you would be opening yourself up to potential losses should the price decrease (and in an inflationary model such as this, this is obviously what is going to happen once the mania "lock-in" phase has run its course).

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        ·  8 years ago 

      ah interesting.
      Thanks :)

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