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.
RE: Is Steemit a Ponzi? Lets investigate!
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Is Steemit a Ponzi? Lets investigate!
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.
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:o what scams? thx in advance for the info ^^
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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.
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The problem is they allow bots to game the system:
https://steemit.com/steemit/@run-to-win/steemit-one-giant-decentralized-ponzi-scheme
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