Steemit For Investors #3 - Is Steemit A Ponzi Scheme? - By Tai Zen
8 years ago in #cryptocurrency by cryptomarket (57)
$3.30
- Past Payouts $3.30, 0.00 TRX
- - Author $3.06, 0.00 TRX
- - Curators $0.24, 0.00 TRX
Hi Tai,
i really like the way you talk about how you compare how companies are started and funded. Specially the way you compare it to steemit.
May I suggest you talk about the interest rates for SP and SBD and payout times for each.
Thank you for the great show.
Quote from the white paper:
What this says to me, everytime a new Steem is created for content, 9 more Steems are created and distributed proportionally to SP holders. That's where the interest comes from.
NO it's saying that 10 tokens are created of which 9 go SP holders and 1 goes to voter/curators.
I'm going to have to watch the video later about your thoughts. I upvoted you. Please consider upvoting my post. https://steemit.com/steemit/@brianphobos/an-olympian-needs-our-help-steemit-please-read-this-if-you-have-ever-been-passionate-about-something
Nice video Tai! Thanks for all the hard work-
Do you know the only thing that gives me pleasure? It's to see my dividends coming in.
I think the key here is keeping Steem valuable, the only way I can see that happening is if companies and small business suddenly start buying Steem to power up and promote their products or ads. Or maybe some other deal including ads. Speculators and regular users won't keep Steem price up forever, it'll peak (maybe it has already).
very great video!
Upvoted