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RE: An actual, relevant analysis of steem, and why its really not a ponzi scheme

in #steem8 years ago

I'm still skeptical of Steemit, myself - maybe it'll fail horribly, and maybe it'll succeed. But seriously, for anyone claiming it's a Ponzi scheme, you need to look up the definition: It's predicated on the idea that payouts are taken from NEW 'investors' to give to existing ones. Well, guess what - you can join Steemit for free, so - you know... that kind of blows away that theory. And likewise, your steem dollars (?) are not being taken from you to pay for anyone or anything else.

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