@financialadvice Hm. Fair enough if you want to downvote this given the negative connotations you wish to apply to it. That's your perogative after all. I would contend this differs from a Ponzi scheme since its pretty clear from the get-go the following:
- The model itself does not proclaim you will make any profits that is guaranteed in any way
- The token itself is sold on a pre-determined escalator and that risk is made known thus putting the transparency out there for potential investors.
- Return's are not necessarily paid out from the investment of latter investors since income can be directly generated from funds received, and its intention is stated as much.
- How is this any different than an escalating VC fundraising of a company that eventually goes public? If say Apple sold its shares on set amount of capital raises - ie. Series A financing, Series B financing, etc....
- We operate in an ecosystem where there activity can spawn returns based on future inflation. As this platform intends to maintain that activity, it becomes a return-generating business with increasing capital the more interest there is in the token itself.
- Profits until project end only come from selling your stake.
- The project is run by a proven operator that has contributed to the STEEM ecosystem.
I would argue that the VC model itself is broken if you want to call this a Ponzi Scheme. It's easy to assert something to be a derogatory term without considering the relevant metrics on which it should be judged. But again, to each their own.
In the mean time, I took the risk. You don't have to. But if you want to shut down my freedom to express my opinion on my actions, I find that disappointing.
RE: I just bought 5000 ONECENT tokens