The Ugly Truth Behind Steemit

in #scam • 10 years ago

scammit

"STEEM is not decentralized. From the beginning it was and still remains highly centralized. The launch of the STEEM network was heavily rigged to ensure that the developer and his ‘friends’ had control over majority of supply. Furthermore, this has major implications for the Steemit platform."

more information and source from the link below... don't get scammed like me!

https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156#.geubzwxev

#SCAMMIT

#minnowsunite #minnowsunited #steemit #SCAMMIT
10 years ago in #scam by
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     10 years ago 

    There are too many assumptions in your article to warrant a truthful claim to what you are saying. This is not how good journalism works.

    You are right, that the first users of Steemit are the richest. Same is true for Satoshi and Bitcoin. And what censorship are you referring to, in a network, predominantly dominated by articles on arts and crafts?

    [-]
     10 years ago 

    You are entitled to your opinion. I lost money, time, got ideas stolen from and more. I can clearly say now that I got scammed. Maybe read the link and do some research it is quite obvious... Or maybe look at the non stop falling of the price...

    [-]
     10 years ago (edited)

    How did you lose money and get scammed? Which unique ideas of yours were stolen?

    There's a different reason the price is falling, and it's not because of a few people holding a big portion of the money. If that were the case, all fiat currencies would have devaluated a long time ago.

    [-]
     10 years ago 

    I paid over 500$ USD for my account which is barely worth 80$ now. When I vote full power I don't even give 1 cents. As for the ideas stolen I won't even get in this debate. Not to mention all the projects I tried to set up for the minnows that got mostly ignored. The price is falling because no one wants to buy those worthless steem token...

    [-]
     10 years ago 

    So let's sum up:

    • You traded a tiny amount in a new and volatile currency, hoping to become a millionaire, but lost to poor judgment.
    • You want to have more Steem Power, although you invested only $500, yet others invest millions.
    • Your articles aren't making you rich either.
    • Your unique ideas were ripped off by someone, who is now rich thanks to you, but you don't want to point any fingers at anyone.

    So I have the following questions:

    • Why invest an amount, which is of significant size to you, if you're not a good currency trader? Why did you expect that no risk is involved in currency trading?
    • Why invest only $500 and expect that you will become a whale, if they have hundreds of thousands? Did you not read the White Paper first? How about use the network for a month first and understand how it works?
    • Why are your articles so incredibly good, but no one pays attention to them, even if it would bring them profit? You have the same chance of getting attention, as other minnows.
    • Why didn't you claim your right to these unique ideas, which were stolen from you?
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    [-]
     10 years ago 

    I only read excuses from someone who didn't read up on what he was investing in.

    To answer your final question, I don't think the price of Steem will ever reach that of Bitcoin - I've written about it several times. Steem, however, is very much tradable - I think there's profit, while it's jumping around the $1 mark. It may be very possible that at the end of the two year period of withdrawal, you may return your initial investment, as Steem goes slowly up.

    [-]
     10 years ago (edited)

    I only read excuses from someone who didn't read up on what he was investing in.

    Says the guy who make tons of assumptions... Makes me wonder if you even read what I typed...

    To answer your final question, I don't think the price of Steem will ever reach that of Bitcoin - I've written about it several times. Steem, however, is very much tradable - I think there's profit, while it's jumping around the $1 mark. It may be very possible that at the end of the two year period of withdrawal, you may return your initial investment, as Steem goes slowly up.

    You don't even answer the question and to be honest I don't care. Your own comments further prove this system is centralized, broken and a scam.

    Now imagine if each vote from the Reddit staff counted as 5000 votes. This is what is basically happening on Steemit.

    Steemit is basically a version of Reddit that is almost completely controlled and censored by the creator and his ‘friends’. The content on Steemit and value of STEEM is also at their complete mercy. Unlike decentralized networks, Steemit is almost completely dependent on the developer and his ‘friends’.
    https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156#.vhoxcvxxc

    https://bitcointalk.org/index.php?topic=1466593.msg14801727#msg14801727%0A%0A

    Go read and think a bit man you clearly are blinded or have an agenda...

    [-]
     10 years ago 

    @endgame
    Got your message. Let me do my research. Do not do anything, you will be downvoted further.
    Have you appeal as sugggested? If yes upvotes
    Don't answer any of my question? The cheetah will flagged you.
    I willl get back to you.

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