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RE: Steem, a ponzi scheme ? A nice and short answer
What about when steemit allows paid advertising and that revenue is distributed?
What about when it generates revenue how Facebook or Reddit generate revenue and that revenue is distributed?
There are a multitude of potential revenue streams possible (and certainly planned) for steemit beyond purchasing of the currency. The future is extremely bright here. Calling this a Ponzi is outright lying.
Then people will build bots, or other interfaces, or scripts and blockers. That is the beauty. Advertisers will have to pay for people to view their content. I'm okay if there is one small ad on steemit.com, and if it gets too annoying, I might just get piston web running.
or just a whole new website... you don;t nec. need steemit to interact with the steem blockchain. There are plenty of sites that already offer different platforms to view content