Steem is a scam and it will soon collapse, a few made their money and have been lucky but many others will not be able to follow the same path.
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Steem is a scam and it will soon collapse, a few made their money and have been lucky but many others will not be able to follow the same path.
Maybe so, but I'm not too concerned with those guys. For me, this system is already revolutionary in decentralizing media while also incentivizing its honest production, with content verification happening almost immediately through potentially hundreds if not thousands of eyes. Imagine what this could mean for whistleblowers, journalists, or even local artists! These people could perform their craft and be fairly compensated for it, for the first time in a long time.
Steemit still excites me, it just needs some reshuffling to make it useful again.
I do not see how Steem is a scam, as a scam entails fooling people into handing over money for something worthless which they have been told is a sure-fire money-maker. That is not what Steemit is. Nobody has to invest money in Steemit, only invest their time in writing and curating posts. That the likelihood of your posts being popular enough to make you a 'whale' is small does not make this a scam, either. It just makes Steem like life: A few get significant monetary reward for their efforts, most get barely anything.
Oh yeah, definitely not a scam. My beef with it though is that it's not curated from the top very well. I wish there were more options and better ways of divvying up content. It would be neat to be able to filter stuff out based on region, language, topic, and I'm sure many other ways I haven't yet thought of. I almost wish there was no central page of popular posts, but many central pages based on these filters. Or like a map you could click through to find your region, for region-labelled posts. Or, or, or... but I'm sure it's all coming.
And the Ponzi scheme argument is true but holds no weight because, well, this is how currency and reputation operate by definition.