RE: The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"
He made all these allegations without even having an idea as to what Steemit is. Why not try it for himself before his bashed the system?
He is way too opinionated! If he read the whitepaper he would know that you can take the money out if he wished.
It's a lot of "I think" and a lot less of "I know."
Instead of talking and speculating about the platform, why doesn't he give it a shot himself?
@dollarvigilante is so much more intelligent in his arguments than Tone Vays
Also you can look at the wealth and how it is redistributed among others and it is shifting away from work.
Tone Vays doesn't know anything he is talking about. I couldn't stop laughing at how little he understands. While he may be deeper into cryptocurrency than I, I feel I know far more about it than he does.
I had trouble making it through his entire rant against steemit.
HAHAHAHAHAH EXACTLY!
Whats even funnier is that he DID read the white paper but once it got to the point where it said Dan was involved it stopped and just hated it.
Which PROVES his perspective is pretty much worthless as he is just stuck in an emotional judgment!
That's not true. Dan's name is on the first page and Tone has read a lot more of the white paper (he even posted some marked-up pages on his Twitter feed). I do agree that his bias against Dan probably colored his judgement in evaluating it, and that is not a good way to reach a well-reasoned conclusion about anything.
He's rather irrational in his criticisms.
He comes up with 1000s of reasons why each and ever crypto is a scam... other than BTC.
He was in favor of DASH until he found out Evan Duffield has the majority.
For some reason in Vays mind, that means Evan is a scam artist. ??
Yes he did read the whitepaper, but to really learn how the system works (The Steem, Steem Dollars and Steem Power really confused me as well) you need to immerse yourself in the platform. Even though he believes steemit to be some sort of long con, if he took the time to make a profile and play out some of his flawed guesses and actually educate himself by doing, he could then be far more qualified to speak to others.
The whitepaper does get quite technical, but at 44 pages, it covers far more than most other cryptocoins do.
I don't think anyone can dispute that there are some great intelligent minds that put a lot of man hours into formulating how steemit should work.
If @ned and @dan were to be trying to "scam" users out of money, I believe they could have done so in a much simpler way.
I don't know much about the reason POS is so much more represented than POW, but to be a hybrid system, it does not need to be 50% of each as he seemed to point to.
For the knowledge that Tone Vays has, I would have expected a more concrete fact based discussion, but instead found someone with deep seeded distrust trying to convince himself that because he didn't like someone's previous work and found the system confusing, that people should immediately throw up a caution flag and think this must be a trick.
Obviously those with larger platforms will receive so generosity from the whales, since the value of their steem power is dependent on quality writers and passionate people.
Everyone is entitled to their opinion, but sometimes those opinions seem so foolish that they are laughable.
Precisely @smooth