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RE: Is Steem a ponzi scheme? [repost, payout declined]

in #fight4steem7 years ago

Let's put everything into perspective here. Do you know what the costs are to run a centralised website interfacing with a decentralised blockchain? How many images do you think Steemit.com hosts and how much internet bandwidth do you think is used to serve said images as well as millions of domain impressions per day?

On top of that, running an office, paying tens of staff a competitive salary such that they have no reason to work somewhere else, and building a buffer of funds to prepare for distressed periods as what were beginning to see in crypto right now.

Don't pretend you have a better idea how to run a billion dollar company. Try empathise some first.

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