lol yeah I'm pretty proud of the name for my trollaccount 
Now back on topic, I don't see the ponzi man. By your logic proof of stakes are ponzies too? Masternodes are basically proof of stake with a minimum amount of network weight, in this case 1000drk.
Now back on topic, I don't see the ponzi man. By your logic proof of stakes are ponzies too? Masternodes are basically proof of stake with a minimum amount of network weight, in this case 1000drk.
I can't make a general claim that all PoS coins are Ponzis. Some see all cryptos as Ponzi-esque, some don't.
So let's stick to the specific case of DARSH.
DARSH meets Arizona law's criteria because of the large 1000drk initial buy-in, as well as the ROI table they published.
I really can't believe their lawyer OK'd publishing that ROI table. I doubt they ran it by him first, but could be wrong. Or maybe he's as as dirty as the rest of the board.
The high yields offered by the Masternode investment produce qualify as a pyramid scheme because they create an incentive to bring more people into the scheme.
I don't know how much more clear I can make it.
Fortunately whether or not you "see the ponzi" is not important.
What is important is that the proper State & Federal authorities "see the ponzi."
And we're drawing them a very detailed picture...
Yeah I asked if you considered all proof of stake coins ponzi because it's sort of strange you picked this particular battle with so many proof of stake coins out there.
Well it's basically just a yearly interest table, don't see the big deal. Just switch the name from ROI to Stake % and that's it. I get why they would do that, since their anon system needs masternodes then they need as many masternodes as they can get and it seems smart to incentivize nodes. Bitcoin failed to create an incentive system for full nodes and we are currently running just 6411 nodes globally. In fact people all the time are talking about how to get the Bitcoin Full Node count up but the only people doing it are those that are running it out of the goodness of their heart. I don't see this working long term.
Compare that to the around 2300 nodes that darkcoin/dash created with their masternode program and you see that relative to price, darkcoin is far more descentralized than bitcoin at the moment (the important part being, relative to it's price). It is a real problem that bitcoin has and darkcoin solved it and at the same time uses it to it's advantage to create an anon shuffling system. It makes me think that in the future bitcoin will have to add some sort of an incentive similar to the MasterNode incentive system to avoid problems.