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RE: Is Steemit a Ponzi? Lets investigate!
When no new blood comes in, steem will go below sub zero levels :P kinda feels like the "ponzi" model. but i'm sure that's not the motivation behind the project. it's unsustainable, anyways imo.
The news that the developers have been involved in a previous scam is a big red flag, as I suspected they are just spending our money and don't care about the long term future.
:o what scams? thx in advance for the info ^^
I realize this is an old post, and you may have jumped ship, but if you're still around, what is your opinion of Steemit now please? I just started (19 days ago), and haven't invested any cash, but I also have made very little by writing articles, and curating. I want to believe it's going to takeoff like the next Reddit or something, but the amount that is paid for some articles and videos seems unsustainable. Thanks.
The problem is they allow bots to game the system:
https://steemit.com/steemit/@run-to-win/steemit-one-giant-decentralized-ponzi-scheme