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RE: What are the rules in steemit regarding advertisement and giveaways? How about bullying?
I'm not sure about others, but I have no problem with it, if it generates new, original content.
I just entered one like you described, yesterday myself. and even hosted a long running chess match last year (I lost, but made $300 when steem was only worth 10c).
Thanks for your reply and personal opinion on my question as well as @webcoop.