Quote from: r0ach on June 08, 2014, 01:59:46 PM

Quote from: kelsey on June 08, 2014, 10:17:29 AM

people learn what a ponzi scheme (most misused term on this forum) actually is (2 minute friggin wiki search) before mouthing off that you know something Roll Eyes

sorry one of my pet hates Grin

I have made a case on several occasions that proof of stake coins exist that do fulfill the ponzi requirement like I talked about in this post:

https://bitcointalk.org/index.php?topic=624223.msg7181653#msg7181653

I would also classify most coin devs as "newbie" devs since the majority, even if good programmers, completely ignore all rational economic aspects as I mentioned in this post:

https://bitcointalk.org/index.php?topic=644349.0

There is a Nice ponzi scheme going on @ Vericoin right now.

Grin