RE: why i think steemit is a scam

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why i think steemit is a scam

in steem •  8 years ago 

There was a thread posted the other day, you should check it out
https://steemit.com/steemit/@chitty/your-voices-have-been-heard-steem-0-14-0-will-improve-voting-rewards

They are fixing the issue with the whales controlling everything. So I guess it is a step in the right direction.

Overall this is a pretty innovative platform that they are creating, nobody has done something like this before. So you can't expect them to have this down perfect on the first try, since they don't have anything to base this on. And I am glad that the starting people are making money of this, if it were not for their effort, we would not have this site today.

Have you ever tried launching a site, community or any kind of business? Let's just say it is a lot harder to make it successful than people think. So the fact that they have gotten this far, and random people get paid is fucking amazing and I applaud the original founders :)

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  ·  8 years ago (edited)

i saw this post,the forum will get value only if there are not whales,if the whales have fewer posts they will vote with these votes themselves in other accounts,or their friends

I agree that it would make it more fair , but its kinda unreasonable to expect someone to rip up the whole infrastructure of the site in a short period and screw over the people that were not founders but committed to the project early on and ranked up in steam power. So the simple fact that they are cutting down slowly is a good start, and I am sure as the community grows the power will be distributed more.

it is a testament to lazy thinking and poor planning.
I'm here for thesame reason everybody esle is. But I do not expect this scheme to be self-sustaining. The originators may be fantastic code writers and good guys, but are certainly not economic geniuses.
The payouts will one day amount to only pennies for each, at which time the most active members will be pulling in maybe $50 a month at best.

I agree with that part lol that if this were the size of "reddit" the $27k or w/e that is distributed daily would not be much haha. But still could be a novel community, and maybe they can implement other sources or revenue and do ads like reddit. So that more users can get paid if it gets to that point.

Υes,thats the point who are the random people paid,do you know if they are random or not the same with different accounts

a couple weeks ago, a bunch of whales began making extra accounts and divvying their loot up amongst them.
check out "smooth" "smooth-a" "smooth-b" c d e f g....
he's not the only one.

He's also extremely good at math.