RE: The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"
This is a GREAT and valuable video to the Steemit Community!
There are many reasons for this but number one is because we have a relatively renowned naysayer and hater of Steemit arguing his point.
Based on his points I find it hard to believe that there are man people who agree with this hater. None of them really seem legit at all despite his knowledge of blockchains and cryptocurrencies.
For example: One of his main points is that only 10% of steem tokens are being traded and the rest is being held in SP.
As far as I can conclude this is part of the reason why Steemit is legit. If everyone including the Whales has their value in SP this means there is long term investment. EVERYONE in Steemit is in a long term investment just based on the platform it self. No one including big value accounts can just cash out all their SP and be gone.
The next reason why it seems so obvious that Steemit is legit and not a scam is that it COSTS nothing to get involved and you can actually make money. There are very few people if any who can attest to this better than Jeff (Dollar Vigalante) as he has made over 30,000 just by posting articles and as he very clearly points out he tried cashing it out into bitcoin and it worked.....So even if all of the sudden the big players were to start to cash out everything and the value of steel began to drop you could still cash out a nice chunk of change (obviously not all) of which cost nothing to begin with.
I have done a lot of research on Steemit and while it is not a perfect platform I have seen nothing with more potential than Steemit to really create a revolutionary and very profitable community based on freedom.
So I could go on and on as to WHY Steemit is awesome but this video just seems to prove it. I have already written an article as to why I feel Steemit is REVOLUTIONARY and I don't see anything here to make me think differently.
Grateful to be here with all you Stemians!!!
The issue is that without buying STEEM POWER for BTC there wont be rewards that Jeff is getting. If we all hope just to get rewards out of posting or curating there wont be STEEMIT. Someone needs to invest!
And they will invest in order to do what? Get your attention...or leverage their sp to pay people who work hard to help them on steemit.
Not judging your opinion: If an investor didn't buy STEEM on an exchange , the price of STEEM could be near ZERO. What rewards would people get by writing posts?? Tokens with promised value? Do you believe it could attract new users to the platform? IMO an investor here is a foundation of very promising social network based on (hopefully) decentralised blockchain.
Everyone is investing by using their valuable time here on the platform.
FB has made BILLIONS off our content as will Steemit. Steemit however is paying people a fair value for their content.
Even making .01 cents per post is a LOT more than FB does.
If people use and value this platform there WILL be money to compensate people.
New, contributing, reading, watching, learning and waiting to see as the future unfolds.