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RE: Promoting affiliate products is allowed on Steemit?
Yeah, I agree. Steemit is not bombarding us with banner ads but I always wonder how they are earning then?
We have different tap to see promoted posts and that's what makes it less annoying. I think there are ads which are really beneficial for us for example promo ads where we can save money by applying coupon.
They don't, that's why they are doomed to fail on very long term. It's kind of a ponzi scheme where new investors pay out the old one's. User reward are financed by printing more steemit. It's not better than what central banks are doing.