steam did not do a good job blocking bitconnect pumpers right here in there own platform with influcnce - they that exposed a venerability that needs to be addressed with money and influence promoting a scam i cant believe more community members didn't get behind the scam comments and up vote them? some have failed the system
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There's no denying the virtues of Steemit and the very positive effect it has had around the developing world to get people out of poverty and give them a real base to advance.
But like every human enterprise there are fiddles built into it. Excesses and abuses which corrupt it.
It IS a pyramid
And there are abuses going on in posts. #FakeNews
Pump & Dump hype which invariably harms those least capable of taking losses
Some crusaders are trying to get action to clean up Steemit's act for the common good
but pump & dump won't be going away anytime soon