Steem will be the Biggest Scam in History
The creators of Steem beat everyone to the punch. Once the world realizes the profit they can make out of the site all hell will break loose. They will be flocking over there so keep quiet and don't say a word if you haven't accumulated your fair share of steem.
Steem is a steeming pile of trash. It is absolutely NOT sustainable long-term. Who would have thought that a "project" by the infamous Larimer gang would be another pathetic, worthless, money grabbing scheme to ripoff the naive? Just say NO to the Larimer trash and their anti-free speech Chinese communist backers!
You can't compare it with the fiat system which is only a few % inflation, steem is 100% inflation/year.
I agree it seems like a pyramid scheme where the early adopters get complete control of what gets rewarded because they have such a high percentage of the steem power. Unless there are systems in place to address too much power in the hands of too few, it will be completely hijacked and ruined by vested interests.
This is true.
Right now though, I don't think we have this issue.
Super post
You wish
interesting idea!!!
It may be a bubble.
But how long will it last?