Greetings

My dear friend you are right such scheme only destroyed the trust of the people and now a days people are really concern and educated and they explore each and everything before investment but despite of all this few innocent people got engaged and they did not understand the policy and attract towards fraud and passively it destroys the trust of others too.

I don't know steemit is a ponzi conspire. Steemit is a blockchain-based web-based entertainment stage where clients can procure cryptographic money prizes for making and organizing content.

Steemit is fair and transparent and working on highly precise decentralized and how there would be chance of scam or fraud in it.

Good luck