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RE: Scam alert: TBC - The Billion Coin. It's a Ponzi scheme. Stay away guys!

There are plenty of people saying that Steemit is a Ponzi scheme, but given that there's no need to put any of your money into it I don't get where they're coming from.

What makes you think this new coin is a Ponzi scheme? Could it just be someone trying to get away with selling a legit coin at an inflated price?

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Do they even know what Ponzi scheme really mean? I doubt :-)
On steemit, we aren't paying any upfront fees, we aren't luring people to join under us, we aren't earning any referral stuff. How it could be a Ponzi scheme? If I have 50 STEEM in my account then I can transfer it to any exchange, convert it to BTC, sell that BTC and get hard CASH in my pocket! People this days man....

Regarding TBC being scam, you have already answered that in another comment 👍