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RE: BuzzSteem Ep 9 - Don't Let Steemit Become A Ponzi Scheme
I am not too worried about this, when steemit first started people were making good money on steemit but when the Hardfork happened last year it heavily affected steem. In a matter of time some people are going to come in and invest huge sums and new whales will be formed. I think their are too many options and opportunities before steem would crash.
Right but Steem currency depends on lots of users, because of the way the creators have set up these different platforms around it. It's not like BTC where it would still have value if just a few people on the top held Steem. Steem's value goes up when its corresponding websites do well. If the whales crash the websites due to greed, they will lose all of their value in Steem.