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RE: Is Steem a ponzi scheme?

in #steem7 years ago

It's not just the large stakeholders, but yes. There's a sizable slice of everyone from whale to plankton that are just here to spam and buy votes to harvest whatever rewards they can.

I think we'd benefit greatly from some changes to the rewards system and vesting schedule, but we also need to develop the culture here and get people (especially whales, but again this applies to everyone) to understand the economics of the system enough to avoid sabotaging their investment with shortsighted voting.