https://bitcointalk.org/index.php?topic=1558366.740

If you go through the bitcointalk forum and read what these people say about steemit, you will notice immediately that they think steemit is more or less death. Steemit had a serious surge a month ago, but now it has slowed down and everything is only going to get worse for Steemit over time ... this is more or less the general consensus on Bitcoin talk. However, I don't agree with this view. In cryptoland everyone is calling the other one a fraud and a Ponzi scheme. Even Bitcoin has been accused of being a scam. The question is to not let yourself get fooled by these arguments that are more emotionally based rather than logically based.

Steemit is new

So Steemit had a serious surge and is slowing down. Does that mean Steemit is crashing ? Of course not. What happened to Steemit was the result of a marketing campaign. This caused the spike in Steemit usage and Steem price. And afterwards it slowed down. This happens to every new thing that gets popular. There is always an initial bubble that pops a little bit when it reaches its peak. That doesn't mean Steemit is dead. A good example is Ethereum. In the beginning of the year it surged to 14 $ and a bit later this bubble popped to 6 $. Was Ethereum dead ? Of course not, afterwards it surged to 20 $ untill the DAO hacker messed everything up.

People need to understand that nothing in life goes straight up. People also need to stop judging something new so fast. Give Steemit a little bit of time before passing any judgement on it. Sometimes it looks like people expect Steemit to have 1 billion users in 4 weeks and the price of Steem to be already at par with the Bitcoin price. And because this didn't happen, Steemit is doomed. That's how insane this reasoning is.

Steemit improvements

Steemit is a new platform. There is still a lot of work being done in order to improve the platform. That's obvious and I would be foolish not to admit this. But a good thing is that from my readings here on Steemit I could deduce that developers are aware of that and that they are working hard to make Steemit better. People need to understand that the current Steemit platform is really just some kind of initial sketch.

If you make a snapshot or video of the current Steemit platform and compare it with the Steemit platform in 2020, I am sure you are going to get shocked by how much it changed. The Steemit site will become more user friendly and better adopted to people's need. But like everything in life, things need to get time in order to improve. Don't make the mistake to think 4 month old Steemit should already be better than other social media platforms that are existing for many years.

Steemit is a Ponzi Scheme

I have read this argument over and over again, especially from the Bitcoin people. I mean, of course anyone can make a Ponzi Scheme. If the Steemit team is really evil, they could turn it into a Ponzi Scheme. But on the other hand, the Steemit team can also be some decent people that actually want to build something decent and get rich by actually offering true value to society rather than scamming people. But these critical Bitcoin people don't seem to be open to consider the second option. They immediately assume people are going to be evil and do bad things, which is actually a sad way of looking at the world.

There actually is a way for Steemit to not be a Ponzi Scheme. Everyday Steem is being mined and this Steem can be redistributed among the users. And the value of these redistributed Steem is determined by the market, because people are actually using and investing in Steem just like they are doing with Bitcoin or Ethereum. So stop talking about the free money Ponzi Scheme because this is literally nonsense. If Steem drops in value, people will just get paid less Dollar. Is this so difficult to understand for intellectuals from the cryptocommunity ?

Conclusion

These negative people that are bashing Steemit right now, they will be proven wrong in the future. Steemit is an amazing platform, the first of its kind that in future will be known as the first cryptobased social media platform that caused a social media revolution. And I am thrilled and proud to be an early adopter here and no bitcoin basher will make me think otherwise. Steemit is here to stay !