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RE: For everyone still confused about how steemit generates value - Is it a ponzi scheme?
Their distribution systems definitely are not stopping 3 line posters from making 1,000$ off less than 1000 upvotes. People with half a million delegated steem actually dont tend to produce the best content. Paid upvoters and those people that pay them need to be banned, the money they make is leeched from actual quality posters.