I don't think its necessarily a conspiracy to [ump a ponzi but it is 'the rich helping the rich get richer while hte poor look on in bemused ignorance waiting for table scraps.' The underlying philosophy of Steemit was advertised differently to what is here. This is classic circle jerk.

How I got rich doing nothing but selling the idea of how I got rich to the ignorant masses who will never be rich because they thought they could buy the secret of how to get rich. I can give you all a hint, moral flexibility and ethical ambiguity.