This one thing will make or break Steemit as a Ponzi or Killer App
A pretty good explaination if Steem might be a Ponzi or a Killer app.
Steem is seems a promising Project, but might it be a ponzi scheme? You dont have to put any money in it, which is usually normal for Ponzi Scheme, but you can also just put time in steem and basically get others to join.
The good thing is that Steem allows user to join Steemit that dont even care about cryptocurrency, but simple people that prefer making money with social media.
I kind of still kind of try to figure out how Steem is going to make money in the future.
Upvotes or comments are welcome
technically everything is an ponzi scheme, and 'killer app' is just a buzzword :D
the value of something is what people are willing to pay for it. Steem itself doesn't need to make money. The people who created Steem, as well as all of us who use steem, would all like to make money as well. Nobody is against receiving money, but there are plenty of reasons to use Steem beyond the financial incentives
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