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RE: The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"
Jeff builds a strawman argument by only focusing on the perspective blogging authors. If you want to argue that Steem is a scam, you start by stipulating that it is scam for investors, not for blog authors. And then you make an argument about how it was 80 - 90% sneaky "pre"-mined by a few guys who can now cash out 1% per week and/or dominate the curation rewards, while investors have to lock up their investment for 2 years. Does that make it a scam? Decide for yourself.
With one promoter with a microscopic anarchist audience dominating the blog rewards nearly every day, Steem is looking more and more like a community of backslapping and not real diversity.
I upvoted several of your comments here. Now decided to thank you for "Jeff builds a strawman argument by only focusing on the perspective blogging authors. If you want to argue that Steem is a scam, you start by stipulating that it is scam for investors, not for blog authors"
Totally agree with you, for a blogger its just an investment of time(sometimes copy paste from an already existing blog), for an investor its an investment of real money. As far as I understood, its because of coming in investors, STEEMit is able to pay rewards to bloggers.
Investors must do its due dilligence, I agree. However, additional, clear explanation from founders wouldnt hurt.
This is what we need to address at the next STEEM talk. I am confident that Jeff will bring more people to the next Talk Show, including founders and we will get more tangible info on investors concern.
As I alrady said, I am very excited about Steem. However, IMHO this seems to be the strongest argument that Tone Vays is trying to communicate.