Not a ponzi, which cascade with no limit. The BitShares referrals are limited to receive proceeds from only 1 level.
Ahh no, this cascade is fixed to only one level.
Every referrer gets 80% of all fees including LTM fee from referee. Now when referee becomes referrer he gets a cut form new referee
and the fees he pays goes to his referrer, and same goes for his referrer, ans same for his referrer, and same .....
I agree, this doesn't look like classic Ponzi. It has some innovative approach.
If BitShares 2.0 were received the same way Steem and almost every shitcoin project is upon launch, and the pumpers did their pumping thing on Oct. 15, 2015, people wouldn't be thinking about the 20% cut the network gets as insufficient, they would be trying to enlist their friends and getting that 80% referral reward and complaining 20% is way too much.
Alas, nothing new under the sun, people jump to conclusions and forget history all the time.
Please be more specific. I don't understand the point of this.
Again this is not trivial question. We are talking here about long term stability, and more important basic value proposition of Bitshares as a platform.
People are planing marketing campaign and doesn't realize that they didn't answer basic question:
What is Bitshares?
Our web cite headline says:
BitShares - Your share in the Decentralized Exchange
I would say: Could you be more specific? Please define the word SHARE.
Does my share related to my share of ownership and share of dividend?
or
My share is related to the ones I bring to the platform as referrer.
or ..
My share is related to income from the network if I am talented and manage to find the way
I advise marketing guys first find the answer to above questions. And yes when you find out please educate us. We don't know either.
Try to think of Bitshares as your own business. Would you run it like it is run now?