>Promises to give investors absurd amounts of money
>Relies on more people buying in to achieve this
It's a fucking ponzi.
Explain how STA isn't a Ponzi
Jaxson Roberts
Oliver Hall
>it's a ponzi
No, it's an index fund balancer. It isn't meant to provide guaranteed monster returns, but rather consistent reliable returns. A ponzi would require new money to pay the people that got in early. I could literally be the only person in the pool and i would still make money.
>Devs will exit scam
They only own a small percentage and it has been audited.
>PnD is over
STA has pumped multiple times and is still young, retaining stable value.
>deflationary coins are a meme
The deflation is just a mechanism to facilitate balancing of any index affiliated with the STA ecosystem. It isn't the primary draw.
Do you have faith in crypto? Then buy STA. Do you not have faith in crypto? Then GTFO this board and go back to waging.
Isaiah Foster
...you keep using the word ponzi or scam but you do not understand why it does not apply here.
You see, I would prefer it if no one bought STA. I would prefer balancing funds with this code myself and collect all the fees from the pool as I pin it to existing smart contracts.
If an asset or contract has low volume then it is susceptible to high volatility. This leads to the premature failure of many promising projects and contracts early in development and is one of the main barriers to a fully decentralized and digital world. A simple quant balancer cannot solve this as in finance 1.0 because if the volatilty is too high then such a balancer is subject to fail also. However the addition of a literal meme like deflation and token burn creates an inherent feedback to this system ensuring that it cannot fail unless the entire digital market collapses. It allows new projects and new contracts to solve the initial growing pains of high volatilty and manipulation.
But what if bad actors simply manipulate STA? This is why the fully decentralized aspect is important.
But what if no one uses it? Then it fails. However some possible reasons to support why it will be used include: FMA and that people are already using it. If BAL and subsequently Phoenix go on cb then it will not be long until STA is cemented as the industry standard. However, this is the key. If we do not utilize this tool then it will fail. This does not mean we need more people buying it. But more people using it and allowing it to be integrated into their pools, funds, contracts, etc.
If more projects integrate it then IDGAF if I am the only holder. I will be a trillionaire.
Samuel Anderson
ummmm..holy fucking based?
David Thomas
>"I have excellent idea ranjeesh, make a fake fud thread saying our coin is ponzi and i give copy paste answer which sanjay will agree with to make more credible they wont suspect a thing sirs"
tl:dr, it's a shitcoin going nowhere
Oliver Butler
Very first word of your post is incorrect. Show me where there is a promise.
Ethan Foster
Another retard that doesn't know what a ponzi scheme is. Just kill yourself, please. you'll be doing pretty much everybody a favor.
Hunter Campbell
Load up your bags I'm pumping this shit in 5 minutes
Blake Long
It's a ponzi. People been trying to warn you since June. Sell now.
John Foster