I dont know if btsx is a ponzy by definition in that it needs to keep rising or it blows up but I do know that it is innovative and devs deserve full credits for the hard work they put in.. I also know that LTC is accepted by many retailers alongside bitcoin so its not going anywhere... my point is... just buy the top 4 or 5 coins and wait a few years... you will do just fine!
BTSX is no ponzi or scam etc... Take a look around their forums, wiki pages, and download the client itself. The team of devs have put their names out there and are not hiding behind forum handles. They have been doing a lot of online interviews etc...
Start here to read the background on DPOS algorithm:
http://wiki.bitshares.org/index.php/DPOSContinue here to read about the security and simplicity of sending to names instead of addresses:
http://wiki.bitshares.org/index.php/TITANListen to this episode from a few weeks back:
Let's talk Bitcoin! episode 129. Starts around 12 minute mark with the lead dev Dan. Great listen.
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stakeWhich leads to the asset exchange:
http://wiki.bitshares.org/index.php/Bitshares_XFinally finish up with this to really get you thinking about where bitcoin ideology will go:
http://bitshares.org/overstock-to-cryptostock/With all the above were just scratching the surface of possibilities.
Theres a thread around where a few ppl claimed with logic that it had to be a ponzi, in that it has to keep rising in price to be sustainable.. but although I think Bytemaster refuted some of the logic I didnt read the entire thread but dont think he refuted some of it...
Dont get me wrong I think its a great project, not a scam at all! Just if you read my post I meant what I said.. ponzi which may be ok at this time.. maybe you can consider btc to be a ponzi too if price is correalted with success of theproject in many ipeoples minds.. then it must rise to succeed, but I think there is some logic there that seperates btsx..
read:
https://bitcointalk.org/index.php?topic=298677.120But I do believe its up up up from here.
LTC? not going anywhere it has the network affect behind it.