Give me one good reason why I should consider this to be any different than that mountain of craptsy sponsered shit sitting over there.
You ponzi pushers have no shame !
To say staking is a ponzi shows a clear lack of understanding what a ponzi actually is
Who collects funds? Who pays out interest? Nobody. The blockchain will not run out of coins, which is why all ponzis fail
Also, I wish I could get rid of this pool of human filth's avatar
Pardon the knee jerk reaction but all I'm seeing is yet another game of "musical bagholders".
Isn't that all of crypto in a nutshell?
The definition of a ponzi includes the critical element: 'promise of ROI', yet that word gets tossed toward any project claiming a potential yield high enough to offend people's sensibilities. Bitcoin itself is called a ponzi all the time, and yes "knee jerk" is an apt description. This is unfortunate, especially considering we increasingly live in a world with out of control law enforcement who will happily nail anyone's ass to the wall if there is money to grab and they think there is a chance public sentiment will permit it (or even if they don't in many cases). Personally I would rather live in a world where ponzi operators did not face harsh penalties and people were expected to assume personal responsibility for their own money by bearing the losses of their own mistakes... what a concept eh? Probably won't happen as long as everyone is having fun playing the blame game with knee jerk reactions though.
I think this coin is called an experiment for a reason. There is no fraud (promises being made), everyone can look at what's going on, and knows what they are getting into here.
Myself, I like this experiment and the other high POS coins. I wouldn't recommend anyone to put their life savings in them, however my own risk/reward analysis with these coins is that it's worth investing perhaps a small amount or play some swings and freeroll with a bit to stake, which is what I have done with mmxiv and 10k.