Steemit is neither scam nor ponzi scheme

in #steemit • 7 years ago (edited)

steemit service was founded in 2016 by Ned Scott and Dan Larimer, creator of BitShares.It is powered by an open source blockchain called Steem.

According to Investopedia, a blockchain is a public ledger of all [crypto-currency] transactions that have ever been executed...proof of all the transactions on the network.

The U.S. Securities and Exchange Commission (SEC) identifies seven red flags of a Ponzi scheme. If Steemit was such a scheme, it would be exposed here. Source of Ponzi red flags from the SEC:
https://www.sec.gov/answers/ponzi.htm

Becoming a user on Steemit does not require an initial investment. so its safe to say steemit is safe.steemit.png

source @kennykelly

#news #steemitpeak #scheme
7 years ago in #steemit by
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     7 years ago 

    Well written, upvoted and followed!

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     7 years ago 

    just like many I was sceptical until I actually withdrew some.

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       7 years ago 

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