What is a Pyramid Scheme? and Why you should give Steemit a Chance!
Feel Free to share it out as I put a lot of effort into making High Quality Content , to Raise Awareness and Educate more people about Steemit > https://www.steemimg.com/image/Ep33i
Steemit is Essential Bootstrapping a Digital Currency we like to call STEEM & STEEM DOLLAR ,
What is 'Bootstrapping' you may be asking yourself ?
Bootstrapping is a situation in which an Entrepreneur starts a Company with Little Capital. An individual is said to be bootstrapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.
User's who are Powering Up on Steemit receive a greater share of Steemit's Ecosystem which is done through Bootstrapping STEEM & STEEM DOLLAR ,the 2 Fincanical Tokens which are essential Cryptocurrency that are easily tradeable in the foreseeable future.
At this very moment , Cryptocurrency is not widely accepted , it's still a Billion Dollar Cap Market unlike the Trillion Dollar Forex Market.
My Bet is that , Steemit will make it easy for the average non-technical person to adopt Cryptocurrency as an Alternative Financial Asset, with little Restriction. Most People will eventually accept the concept of Digital Money , some faster than other's , just like the idea of Fiat Currencies being Centuries old , we are embracing the idea that Digital Currencies like Bitcoin , Ethereum and STEEM are more than just medium of exchange with their own Financial Properties and Unique Characteristics.
People who don't understand basic Cryptography ( The Art of Solving Codes ) are most likely going to want stay away from Cryptocurrency , why is that you may ask ? Well it's basic Human Instinct whereby we need to see it to believe it or hear it from someone else , because no one likes to put out of their Comfort Zone especially when it comes to Finance. Those who struggle Financially won't voice their opinion because of self-doubt , however Wealthy Individuals who are comfortable in Life will not want to accept alternative Financial Assets because they also fear change.
( THIS IS NOT A BLOCKCHAIN BUT HOW POLITIC'S WORKS )
This is how today's Economy Functions, those who tell other people what to believe will essentially feel more entitled to voice their Opinion.
Life is nothing but a Game , because those who play the game with Determination will have control , so Modern Governments and Banking Cartel have done a great job when it comes to building that Reputation.
We look up to Politicians because they Govern our Countries and everyone know it's not easy to gain the trust and the followers . But once they are elected , we admire them and feel like we are good hands because they are Elected & should know better.. Well at least i can say that Politic's today is at its lowest , especially in American where people are seeing the downfall of Political parties such the Republican's Trump and Democratic's Clinton .
We find ourselves, once again, on the first step of our constitutionally prescribed quadrennial mating dance, the conclusion of which will produce our affiliated nominees to be advanced for selection as our next president. What a revealing and depressing ordeal this has become. Rather than proudly celebrating our purest and finest, we are all too often forced to pick between the lesser of evils, on both sides.
Our challenge is further compounded by the repugnant fact that wealth and power trumps (no pun intended) integrity and pride. What happened to our pride? Remember that wonderful sense of welling up inside when we pointed to the leader of the free world and proclaimed, “That’s our president, and I’m so proud of him”? The responsible adults in the room will admit that they have not enjoyed that sensation for decades — a leader in whom we felt protected, and the rest of the world admired, often with envy, a charismatic individual who inspired us with a sense of goodness.
This tragedy has become blatant in the current cycle as we view the leading candidates in both parties, Hillary Clinton and Donald Trump, and admit the sole reason for their ascendancies: They are rich and powerful! Trump is an arrogant billionaire, unashamedly. Clinton continues to claw and connive on her ascendancy to that elite club, as she and her “First Laddie” have become exhaustingly close to their personal wealth kingdom, queen and king together.
Do you know that Millennials Would Rather go to the Dentist than Listen to Anything their Bank has to Say
Silicon Valley is engineering a Fintech revolution, bringing a quest for simplicity to the quagmire of financial services. The results are striking and for the first time in memory, global financial institutions face true challenges from scrappy upstarts.
The banking system is notoriously complex; often daunting for customers. While creating a seamless experience in a regulated world can be tricky, much of the complexity is self serving. The complexity often results from bankers and financial institutions optimizing for themselves instead of the customer. Bankers leverage it to create exclusivity and job security.
Millennials have come of age during an explosion of internet services that are open and inclusive, while the financial system grows murkier and more disconnected from them. The digital natives have never used a travel agent to purchase a plane ticket, would rather have software invest their money than a banker, and have watched the internet usurp almost every middleman their parents dealt with in the past. Put simply, they are distrustful of a banking system that has continually served its own self interests over the nation’s or their customers.
The simplicity and direct access to products Millennials demand inspires incredible customer loyalty. Imagine trying to convince a rabid Apple fanboy to switch from the latest iPhone to anything else. Think of the reality that lots of people are excited to get a Apple logo tattoo, and now imagine the absurdity of anybody loving a global financial institution enough to get a tattoo of it’s logo. The reality is stark – transparency and simplicity inspire loyalty, complexity does not.
What's the Deal with Governments and Banks?
In almost all modern countries the business of banking has assumed a special relationship to the government; for there has been a tendency to exercise an increasing degree of surveillance over essential businesses of all types, especially over those which occupied a predominant influence. Banking would not in any case have been exempt from this kind of supervision, but the supervision of banking is probably older than that which is exercised over most other kinds of business. Historically it may be traced to the fact that in early modern times the state had definitely assumed the function of issuing money; while, when banking first began its modern development, the assumption that bank notes were money and that they were therefore to be controlled or regulated as a matter of state function or duty was likewise generally accepted. Within more recent times, however, specific business relationships between the government and banking institutions have come to be definitely accepted. Such relationships may be regarded as assuming the following principal forms:
In some countries the government is either whole or part owner of a central banking institution, or where it owns no stock it appoints the officers or directors of such a banking establishment. To such institutions is committed a sort of general oversight over the financial community at large. This may be informal in its scope, but nevertheless very thorough.
Elsewhere governments provide for the regular examination and inspection of banks, giving publicity to their reports, and through their officers requiring that banks conform to certain well-marked legal requirements.
In practically all countries governments have large revenues which they must receive and disburse through banking channels, and they thus become customers of banks on a large scale. In this capacity, their receipts and disbursements through the banks have a direct influence upon the position of the whole banking community and affect its soundness.
In some countries, too, the government has undertaken, either through direct lending or through guaranteeing the operations of private institutions, to furnish funds under specific conditions to individuals or corporations engaged in particular kinds of business which are supposed to be in need of such support or aid.
To put in Simple Words : Banks and Governments work together , because of this the world was able to develop rapidly throughout the last 2 Centuries through Debt & Credit , they have developed an amazing Financial System that accumulate more Debt for its Citizen to enjoy current Economic Growth , sometimes Sustainable in the Short-run and defininately not sustainable in the Long-Run! We have are so interconnected with the System that every human on this planet is expected to follow and obey the Law.
How Banks and Governments Shape our Believes
Nations and cultures differ among themselves in countless ways, ranging from something as superficial as how people dress, to more serious matters, such as unwritten rules of appropriate social conduct. But one of the universals of social behavior that transcends specific groups is the presence of hierarchical forms of social organization. That is, all civilized societies seem to have people in positions of authority who are recognized as having the power or the right to issue commands that others feel obligated to follow. Most of the time, these authority-follower relationships serve useful functions. For example, children need to listen to parents to teach them right from wrong, that it is dangerous to cross the street when the light turns red, and countless other things. But there is also a potentially darker side to commands from authorities: their ability to lead their followers to act in ways that violate the followers’ sense of right or wrong.
More than 7 Billions Humans are now part of the System ,or have little choice but to accept the Reality , the Government and the Banks are above Humans , as they manipulate both Law and Financial Power to gain control of their own Territory. We as a society trusted them and as long we follow under their guidance we can expect them to assert more influence , perhaps the last 200 Years we benefited from Financial Stimulus and Law System but what about the Future Generation .
Once people Realize that everything is a Ponzi Scheme , you will question yourself what categorizes an Illegal and Legal ( Hint: Central Banks printing our Money Supply ) Pyramid Scheme , we may determine which Scheme distributes Wealth more equally. Glad that the Bank's & Government's stimulated the world through Finance and because of that we were able to fund our Innovative Human Progress . But it's Time people wake up and realizes we are stealing Future Generation's Wealth , so that we may benefit today. Don't let our Children pay for the Debt we accumulated today through a Legal Ponzi Scheme of Printing Money Without Considering the Consequences.
Love the Idea , that those who contribute to Steemit get their fair share of Wealth.
Steemit may have flaws but it's definitely not going to collapse anytime soon , like how our Financial Markets today are on the verge of Bankruptcy due to Debt and Unstainable Credit. I believe that because we believe in Financial Institutions and Governments , they were able to accumulate and prosper throughout the years with little transparency but build on nothing but Trust. Now we have a Social Community which is bootstrapping the idea of Cryptocurrency , an innonative Decentralized Financial System which is accessible by everybody. You can trust & follow the Crowd or choose to believe Individuals who are elected to be in Power.
Money is already just Codes and Numbers
Think about it , how much money do you actually carry on you right now ? I assume you should have no more than 500 Dollars on you ! ( To carry more Money than that is already Risky )That's Paper money that holds Financial Value because it's widely accepted everywhere. Money is accepted everywhere now , at local convenience Stores , Hospitals , Schools and most importantly by the Banks.
If Humans don't usually carry that much Fiat Money with them , where does most of it go ?
It usually goes into a Saving Account , which every Individual would like to have in order to get a better credit rating. Credtin Rating ? Well, the more wealth you accummulate in your saving accounts , the more you're entitled to borrow from the Bank by taking a loan. Humans are constantly in desire of Goods & Services , so a loan would be the ideal way to get financing . Essentially when you hand over Fiat money to the Bank , they record that transaction , ( THEY DONT ACTUALLY PUT YOUR PAPER MONEY IN YOUR OWN PERSONALISED VAULT ) like in the Harry Potter Movie.
Everything in Life is a Ponzi Scheme , because there is someone on top always trying to make money (They work hard to get on Top) . But a more Transparent and Decentralized Scheme is much better than a Repetitive Lie that Enslaves Future Generation's . Recognized as Legal by the Top Elites (Governments & Banks) . Wake up people , Money is the Root-of-Evil ,so it's your choice to believe in something or not .
Steemit to me is Distributing its Wealth quite evenly among those who Contribute , which Social Media allows you to make Money in the first place , there are so many great projects , especially on Charitable Shoutout's which get's you wondering , what would happen once there a million of users?
The power of the Crowd will help thrive the Ecosystem, as Steemit grows its Community you can expect more Quality Content .
Before you call it A Ponzi Scam ,
Why don't you tell me about a system which has the potential to distribute wealth from the Top Elites to it's Hard-working Individuals , those supporting the Pyramid . It's hard for the Brain-washed Traditional Mindset to accept a new concept because who likes changes when they Benefit. The fact that Cryptocurrency is actually a Disruptive Tech towards Finance , it may be one of the main reasons why this may take some time to be accepted .
Users of Distributed Ledger Technology significantly benefit from the efficienies and economics by creating a more robust environment for real-time and secure data sharing.
Ned Scott, CEO and co-founder of Steemit, told IBTimes: "If you think about the existing models - Facebook, Twitter, Instagram - these are platforms that invite people to come and do all this work so that their shareholders, who are not necessarily contributors make all this money.
"Our platform is a cooperative version of a social network which is more intuitive, and a more shared, community-driven approach, and that's why our early user base is growing.
"We are completely open source; the Blockchain and even the website, and we are seeing entrepreneur after entrepreneur show up to build their own tools. Literally more than 15 entrepreneur-built, third party-built tools have popped up in the last few weeks."
Ned Scott responded to the Question
What is Steemit?
"Steemit is the decentralized social media platform that rewards users for posting and voting, and it's as simple as uploading your blog post or video. In the context of the decentralized ecosystem we’re building, Steemit is the blockchain-based social media application based on the Steem blockchain. Steem allows social media to be powered in a new way. People can now earn two types of cryptocurrency, Steem Power and Steem Dollars, just by posting and voting online, no tipping or third parties required. Content creators, since the dawn of the internet, haven't really made money online without advertising, but with Steem they can. And for the regular people, quality content, news and discussion can rise into view based on the wisdom of the crowd.''
The establishment of Steemit and the use STEEM & STEEM DOLLAR , is a clear indication that Society is getting more Educated . This is more than just a Social Platform , we are essential the FIRST GENERATION to be actually educated on how Economy's actually works and the flaws behind it. Bootstrapping a Digital Currency , may get rid of the idea that money is the Root-Of-All Evil , because it's not Evil , it helped us fund all our Economic Growth but at same time it's burdening the Future. A more Transparent Blockchain is much better than a lying Government or Banking Cartels
Steemit has made it possible for anyone to earn themselves in the Community and you can easily gain more influence by Contributing or Powering Up. Just like the Founder of Facebook , Mark Zuckerberg who accummulated Billions from Free User Generated Content gives us privileges to own Facebook Shares with few barriers of Entry.
I love Steemit and urge everyone to get more Educated about the Implications of Blockchain Technology & the impact it will have on Future Generations . Before doing so , please question yourself on how today's Economic Systems really function under the Leadership of Banks & Governments and perhaps get idea of what actually is a Illegal and Legal Ponzi Scam.
My point is that i would like to get across before any of you complain of how Steemit is a Pyramid Scheme because all the Whales are too powerful. Just for information , no one ask you to invest money into Steemit , it's your choice to do so. One of mine post actually got upvoted by @ned and it was worth only 90$ at that given time . People will think that i work with Ned and clearly upvoting on transparent decentralized blockchain is the best way to execute a 21st Century Pryamid Scheme (SEE FOR YOURSELF STEEMWHALES.COM @heimindanger / STEEMSTATS.COM by @jesta). I think its kinda ridiculous to complain that they have so much power because they clearly don't. Why am I Saying this , well because any one can get a fair share of Steemit either by investing more money into the Ecosystem or Contributing through Curating and Posting.
The Barrier of Entry has made it possible for anyone to earn themselves in the Community and you can easily gain more influence by Contributing or Powering Up. Just like the Founder of Facebook , Mark Zuckerberg who accummulated Billions from Free User Generated Content gives us privileges to own Facebook Shares with more barriers of Entry.
Just before i finish this Article think about the difference between Steemit and Reddit and which Social Media would be better for someone who has no Capital to Invest but is looking to earn some Money
