When people will realise steemit is unsustainable and just an elaborate scam?
Steemit is a Ponzi and a Scam... only an idiot wouldn't see that!
1.anyone can make an account and put a picture of a girl with nice boobs and write on a board steemit + date. my guess their is allready many fake accounts out there.
2.people copy past from the net
3.some great articles made 0.1usd some shit ones made 20kusd
4.once their will be too many bots and people no one will be able to read anything the structure of the site is pathetic
5.do you really think its normal to make 20k usd for 1 article? 1 year salary???
6.80% of steem are hold by the founders
7.19% of the rest by early adopters no one else stand a real chance
wake up and don't buy into it... just comment and make money if you can!
Do you even know what a ponzi scheme is? A ponzi scheme requires people to pay money in the expectation of a return but uses that money to pay off old investors. At some point the scheme will collapse.
Steemit is asking for people's time but is asking for very little if any money. Why do people erroneously call any crypto currency a Ponzi Scheme. They may be other things but not that.
https://en.wikipedia.org/wiki/Ponzi_scheme
You pay with your work and you beeing on this website... This has value on internet!
it's why I call it an elaborate one...
okay next one... because the above guy is a steem fan. blinded by money
Facts are a sticky thing aren't they. Hey if in your opinion you think this is a scam by all means go ahead and believe that. But it can't be a Ponzi Scheme because its not and while we are at it, if you think this is a scam/Ponzi Scheme why are you here posting adding to the coffers of this "scheme". Your every keystroke contributes to the profit of this site. You should pack your shit and go elsewhere if it bothers your that much. That would be the logical choice.
I will trust me... I just ride the wave! just don't buy any coins... and yes its a ponzi because people need to buy coins for them to have value and one day no one will buy them on Poloniex and Bittrex and you will have nothing... mark my words! It might take 10 years but it will happen...
I don't understand why you'd want to spend your time being a part of a "Ponzi scheme", but without any expectation of reward, I just received valuable recognition from someone who you could have benefitted from too instead of claiming it is a scam. If you really believed what you are saying, you wouldn't be here posting.
good for you pal enjoy while it last ;)
excellent distinction.
that got my vote. :-)
Thank you @rok-sivante I hate it when people throw the Ponzi word around when they think anything is a scam. A Ponzi scheme is a special kind of scam, think Bernie Madoff, et al. Ponzi schemes are actually pretty brilliant and take special people (heartless as well) to pull them off.
Steemit is brilliant as well but it is obvious the creators are thinking of the people as an asset and the best way to use that asset is to give them a share of that profit, or profit sharing. A typical person could literally walk into this place without a penny and cash out. No Ponzi scheme works like that.
Steemit may ultimately be unsustainable (I believe it is sustainable) but it is no scam in my opinion.
That's life, we need to band together if we want a chance to get noticed by whales.
I have made a post calling all minnow to unite in one thread.
https://steemit.com/money/@ma3/minnowese-unified-party-of-steemit-let-us-vote-together-minnows-for-we-are-the-99
Feel free to check it out.
nice you got 40usd by a big holder... I guess he want you to stick around!! ;)
I don't neccersarily agree with your post by the way. Nor do I share the resentment many minnow do towards whales. I simply believe in allowing peoples voices to be heard when the want to be heard. :)
just cash out asap... the price is nice at the moment don't be the last sucker ;)
happy I help you made some money ;)
I have high confidence in Steem and will be leaving it in either Steem or Steem power ;) I urge you to keep at it. Be authentic in your posts and keep trying!
My early posts were absolute shit, look them up "what if pokemon were real." "indian scientists discover new species of elephant." but I didn't sit around and complain. I channeled all I could into creating good content. I wouldn't try to claim my content is great now but I very rapidly went from 1-5 votes to 50+ votes on most of my posts. You can do it too trust me!
Wow I did too!, thank you once again pharesim. Truly one of my favorite whales.
https://bitcointalk.org/index.php?topic=1558366.0
https://steemit.com/steemit/@afilja/is-steemit-a-ponzi-lets-investigate
What about YouTube? A lot of people consume information and offer comments instead of creating content. Not everyone for good looks. Yes some content is being missed because you need to build a following and prove people should continue coming back to see what you have to offer. Do you know the long term plans of steemit? Unless you were in on a development meeting you cannot speak as to where the platform will go. Also if you believe this, why bother wasting your time telling others. Nobody is begging people to come and spend time here. People may come and go as they wish. I invested 0 dollars of my own. They gave free money to create content and I have made more than four time the initial in less than a week. I can't tell you where it's going to be in a year either, but I enjoy the community here.
@pharesim I've never asked a whale to give any traction to my posts, but if you believe the post I've created to be the sort of value the platform is looking for would you consider upvoting it? If not no problem, but I was really hoping a polite discussion from the intelligent minds on steemit would comment a little on the presidential election. https://steemit.com/vote/@bendjmiller222/trump-hillary-my-vote-may-be-up-to-you I understand if you don't get the chance to look at it, but I'm coming up from just the steem I got on sign up and are the first whale who has upvoted a comment of mine. At the very least thank you for the support!
I can tell you where it will be in a year... the rich holders will continue to promote it and trying to bringing more suckers... Normal people will have stop because they will realised it is very difficult if not next to impossible to make money! market cap will slowly decrease but the guy who started this ponzi will buy back holding the prize up... because who cares he made so much money already he just can...
Since my start over a month ago, I've wondered the same thing.
HOWEVER...
I've invested NONE of my money. I have written solidly for one month straight. In that time, I've earned more money that I have in the same period of time at any other point of my life. I've taken funds out into my bank account.
Recount:
how does this fit into the definition of a ponzi scheme?
It doesn't.
The system IS complex. I understand why it might be comparable to a ponzi. Though, it doesn't fit the definition. It COULD turn out similar - depending on whether revenue streams are generated or not, outside of capital investment.
If new applications to be hosted on the Steem blockchain and leverage the infrastructure of the Steem ecosystem that become income streams of their own, then this cannot fit any definition even closely resembling a ponzi scheme.
Time will tell as to what else does get built out. However, it's an open-platform for ANYONE to step up, contribute, pitch ideas, get immediate feedback, access a wealth of knowledge & human resources to get ideas developed & executed quickly.
So in essence, it's all a matter of what we make of it.
Sitting on the sidelines not choosing to understand how the system works or how to be of value to the community, there's the temptation to say its a ponzi. BUT, if you learn how the game works and put massive time & energy into creating value for the community and making the most of what can be built on a blockchain with teams of brilliant programmers and entrepreneurs... game-change. :-)
Raise money first and figure out a business model later! Seems to work for very well for a lot of startups in Silicon Valley.
But seriously, Steemit does have a lot of intelligent people in the community and behind the scenes. Also, apart from members here, crypto investors seem to be pouring money in (how else would STEEM jump to number 3 crypto market cap so quickly) and they're not stupid either. Steemit is definitely on to something big.
clearly you don't know what you are talking about. No VC will give you any money if you don't have a business plan! Anyways in a few month you will realise that it was all a pump and dump.
I hope you realise that if no one invest money, like you and I did, it wouldn't have a market cap of 300mm USD and you wouldn't be able to make money! People are buying this coin and people like you and me are selling to them! I just hope that you realise that at some point someone will be left dry...You can tell yourself that you did believe in the project after this hype is gone and lots of people lose money! I think the dev are criminals you and I are just little gangsters... at the end of the day this website make 0 revenue... think about that for a sec! have a good day ;)
Every social media has spam, bots, fake accounts and bad posts, Facebook, Twitter, Youtube, you name it. The currency here is the people, no one is asking you to invest money on it. You get paid 0 dollars everytime you browse Facebook and you look at ads and baby photos all day!
I'm not saying Steemit is the ultimate platform, it has a long way to go, but it has definitely gained traction and opened a Pandora's Box if you will. Companies could buy Steem Power and influence markets, create their own ad channels, hire great curators, the possibilities are endless, the truth is most of us don't really know where it will be in 6 or 12 months.
If you are a steemit millionaire you can just make another account upvote all your posts and you make a fortune... Steemit is BIG SCAM
so lets me get this right... you buy 100usd worth of Steem on Polo transfert them to steemit... power up then you need to power down and waite 2 years to get your money back. Hmmm not fishy at all! your guys are just crazy