You are viewing a single comment's thread from:

RE: Is Steemit really as good as people claim?

in #steemit7 years ago

I agree with much of what you express regarding difficulty generating money but here are my thoughts: Steem is very new and runs on technology 90% of the public does not understand with expert comprehension. It has a little over 1 million users. That is where Facebook was around 2004. I suggest you Google 'Metcalfe's Law' and see how it applies to the growth of Facebook and even Bitcoin. I am in this for the long game. Most people on here, including myself have not built up enough Steempower to have voting worth. That won't be the case forever. Now, regarding allegations of Scam - I have seen nothing that leads me to believe that. I question if you understand what a pyramid scheme is as I also see no indication of pyramid scheme here. I bought into Steem - where is my current risk of financial loss? Your logic reads 'I am not sure how to generate money with my posts therefore this feels like a pyramid scheme'. I should also mention that decentralization in pure form is an ideal just like true centralization or absolute hierarchy. Egalitarianism is not reality - different structures of delegations will always create contextual specifics. The appropriate use of metadata tags + follower networks is important on here. If you have less than 1k followers you likely need help from someone bigger, hence whales helping minnows and bot services. Finally, I take issue with your comment re: money. Steem and crypto IS 'legit real world currency' - more so even than the worthless fiat currency like USD which you are likely referring to. That is why say Bitcoin has a market cap of 151.98B$USD. Sounds pretty 'real world' to me.

Sort:  

No. What I said was "Now, I am only new and it still feels like a pyramid scheme to me."
It's a separate sentence to the following one which talks about generating money. I never said it was a pyramid scheme. I never said it was a scam. I said it still felt like one (because it's new, the unbridled enthusiasm by some users, various articles saying is was a scam and the various charlatans on the platform making extraordinary claims about earning potential).

This posting was a response to some of those claims and to gather wider perspectives, such as yours, on the matter.

Still not clear on how it feels like a scam. Does not to me. I also only make financial decisions based on rules, never feelings

Coin Marketplace

STEEM 0.19
TRX 0.17
JST 0.030
BTC 80568.31
ETH 3220.00
USDT 1.00
SBD 2.80