I have read the article about steemit that terms it as Ponzi Scheme. Let me know your views on it.
https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156
It says it's for developer and their friends however I doubt for I my account value is now 0.011 SBD amounting to nearly $2.11 within one week of opening account and really not putting significant effort and just posting and upvoting some posts I saw in tending and hot spaces.
Seems every good intention has a critique. I will leave it to you to let me beleive one way or another based on how far I get into understanding this platform.
It's a good question, especially considering the recent Bitconnect scam, but I think the author is stretching things a bit. It says several times that the founders "likely" control the top accounts and suggests how they could make it a Ponzi scheme if they wanted to, but there is no real proof offered.
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