STEEMIT Pyramid scheme revealed
https://steemit.com/@steemit/transfers
https://steemit.com/@ned/transfers
https://steemit.com/@dantheman/transfers
Those are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem .
You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week.
And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses.
It doesn't end there though, they have designed a system where they have so much voting power compared to everyone else that they decide where the pool's money is being allocated, so if they want to pay themselves and their buddies they can do it just by a mouse click.
They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia.
They also get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble.
In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend.
And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol
RIP steem power holders.
While I don't agree with everything you've covered here, it's great to read something other than golden praise for steemit. Only time will tell...
How high do you think they will take the price of steem before they completely cash out would like to know your thoughts
accurate conscious
i dont know but what iknow i that hey power down so they can cash out, its a scam that teemit thing, besides pretty much everything in crypto is a pump and dump and mostly just scam
Im glad i didn't power up all my steem, Thanks for sharing this...
FEAR
Hi! This post has a Flesch-Kincaid grade level of 10.7 and reading ease of 75%. This puts the writing level on par with Michael Crichton and Mitt Romney.