How to Make thousands on STEEMIT without ever posting!

in steemit •  2 years ago


Wondering where that new user adoption is coming from?

While I mistyped an account name to find a steemer from the slack to follow, I landed on an account that had recently been created, and had only transferred money to another account, never posted. I thought that was odd, and clicked to see who the transfer was to... and discovered this: this account has never posted, yet a quick scroll reveals they have been getting hundreds of $$ from rewards for creating new accounts, transferring the reward to a central account, and then selling the STEEM.

As long as someone can crate an email address, they can get a new Facebook account, and from there, create a steemit account and get $10 in STEEM.

https://steemit.com/@angel/transfers

They have literally made THOUSANDS!

Why did they stop 7 days ago? Anyone know? Perhaps they got bored with the work?

Welcome to the blockchain everyone! It's all public!

#UnintendedConsequences

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Actually that's just an old miner's account where they're collecting the STEEM they mined before mining paid in SP.

I'm sure there were a lot of people who thought of that, myself included. If this person really went through with it, bravo. However, I presume that SteemIt has some way to counter this or else it wouldn't offer the free Steem Power.

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There is a way already in place for a long time to counter people abusing free accounts. You can't power down a free account until it has 10X the SP value as when it was made. So to power down a free account you have to earn it.

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Ah, so the person who might want to defraud the account by depositing 10x and then withdrawing, would basically make more money letting the money sit in SP, and have to expend a hell of a lot less effort.