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General Discussion / Re: Referral Rewards Program = decentralized ponzi scheme?
« on: January 18, 2017, 01:21:01 pm »
The referral mechanism doesn't distribute new assets (I don't believe) out of thin air.
I don't think it's a ponzi scheme, you're not being asked to invest money with the promise that you'll earn extremely high interest rates on your investment.
Most businesses have referral/affiliate mechanisms.
I don't think it's a ponzi scheme, you're not being asked to invest money with the promise that you'll earn extremely high interest rates on your investment.
Most businesses have referral/affiliate mechanisms.
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"smart mining" is probably the best way to distribte coins during the PoW phase(you mine when your GPU/CPU isn't fully used)There's no need for POW in DPOS. Besides, the best method of distributing coins is either sharedropping or DPOR (rewarding assets for verified BOINC Computation like in Gridcoin).