Ironically SteemIt is a ponzi too. You made all that effort to make this post and so far made 1 cent. How long did it take you? 1 hour? in 1 second I'll just upvote myself and make more.
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Ironically SteemIt is a ponzi too. You made all that effort to make this post and so far made 1 cent. How long did it take you? 1 hour? in 1 second I'll just upvote myself and make more.
Steemit is not a Ponzi, where's the referral program or need for initial investment?
The initial investment is the time and the 'shameless plug' factor are the curreny you pay into steemit. You have to 'shamelessly plug' your posts to everyone everywhere in hope of onboardng more upvotes. Also I'm seeing it feeds into a culture of people generating accounts to earn (rightfully so) but not necessarily putting in the efforts to put good content out there that is distincive and objectively adds value through newly curated content.
Of course you need to invest time, that is the least you can do, can't get something out of nothing. If I didn't have to invest time and got money for free then I'd think it's a scam of sorts and might even be afraid to cash out. I'm sorry if you feel like you're not getting enough votes but you don't have to promote yourself in any way to get votes, doing so may help you but that's not a requirement. There are accounts that are not here to get any votes but just curate. I came here with no friends and haven't really tried to make any.
I want to onboard users because this is a great platform and I want to see everyone do well, because I think the more people get involved the more control we have over the future of this space, because I think humanity needs to have a place for uncensored dialogue.
Usually the people who think this is a scam are the people who had expectations about how much they would earn. They tend to compare themselves to others and since they feel like they are doing a better job and the other is making more money then Steemit must be unfair and a scam.
Тhese people just want to be in their place, but they can not. Мaybe jealous.
Hope this blog post makes sense. Exposing the truth!
https://steemit.com/crypto/@cryptofinancial/bad-people-in-crypto
Agreed. You actually told me this not too long ago. Steemit is the same shit, dominated bu guys at the top, who rope idiots like you and I into it. You were 100% right, and thank fuck I didn't invest a cent into this. Also, the earnings are low on this post because @trevonjb and his lil fanboys probably flagged it, they don't want less profits I guess
I'm going to have to disagree with you about SteemIt. BitConnect is controlled by one man, one private individual or someone closely in relation to Craig-Grant, who soaks up the lions share of the profits.
SteemIt has 50 Witnesses who maintain the blockchain. These Witnesses rotate daily, depending upon how many Steemians vote for them and whether or not their network is able to do the computational work to maintain the blockchain, and be consistent about it. So, the decision-making power is not AS concentrated. A lot of the voting power has been made linear - meaning that your stake (actual money & time put into it) can be increased in relation to the Whales and, over time, you CAN actually become a whale. I started at 10 Steem. I spent 2 months and $25 and now I have over 75 Steem. My upvotes are worth more now. It's really small, but anyone who sticks with this for a couple of years can increase their Steem Power, too. I expect to be over 2,000 at some point in the future. Past that, who knows? But, if you truly understand the nature of blockchain, then you know that SteemIt is very, very transparent. BitConnect - not so much. In fact, Craig-Grant makes deliberately makes false claims to "sell" his ponzi-scheme, in order to enrich himself.
Also, MAJOR difference here: SteemIt gives everyone a part in the social media platform. We come here to learn about whatever we want, share what we want, talk about what we want, do what we want, make friends with who we want. BitConnect is supposedly based on a "trading bot" that even Craig-Grant personally admits does not exist - it was a lie. It was a scam. No way you can compare the two things - unless you're stupid.
I mean, have you seen, prophet0 ? Some 15-year-old computer nerd who's made thousands of dollars off of being a Witness for Steem-It. Anyone who has some real skills and produces the best content can make some money. If they work at it, over time they will get better, and then they'll make more money. That's life. That's how Steem-It works. Some people are just disappointed that they are not "getting rich quick." Believe me, anyone on here who is making big money is only doing so because they have developed a particular skill-set that others are finding to be valuable.
Maybe you need to work on your skill-set just a little bit harder, and spend less time whining about how much more money other people have than you do. You do not generally gain a large following and a lot of upvotes on accident.
PS I didn't write this post for cash. I'm actually so irritated by seeing his stupid face and I'm shocked at how many people he's been able to swindle. So fuck my earnings, fuck my rep, all I care about is letting people know about this guy and his scam, and I won't stop.
Get over it bro. You're assuming so much shit in your post I can't even take you seriously. Bitconnect works a lot like the insurance industry. Everyone pays monthly so that they can cash out big when something bad happens. The insurance company is working with professional traders to trade the money we pay them. That's their business model. You give them money. They trade it to gain money. Then they give you a slice when you need it. Bitconnect is similar. So what?
Bitconnect structure's share many similarities to other businesses. With your logic every single fucking business is a scam! Seriously. You're wasting your time. Look up any single business in any industry and investigate it. Try to find out how it's a huge scam. I guarantee you. Every business is a scam. You can't fight it. Join the system and profit. Or spend your whole life a a broke paranoid hater.
@seektruth You are right bro. this callumcampbell is posting or doing review where he did not actually research well. Very simple put your money callumcampbell says $100. I will beat you put your $100 in bitconnect and I challenge you after about 100 days if you did not get back your capital then I will return to you $1K and that's the time you make your reviews well as long as you did not put yourself to the test of water your reviews is hearsays and you have no right to review callumcampbell. Second, Ask yourself because the mark of a scammer if they are no paying the question to you is bitconnect paying or not ask million of members is there any persons did not received their payout? 3rd point: Is bitconnect really change many people lives interview all the members because for me after 100 days joined bitconnect I earned more than $8,000 which HYIP had scammed me before of these amount and when i joined bitconnect i fully recovered all these amounts? Do your interviewed especially your friend who joined bitconnect for more than a year? 4th Bitconnect is publicly traded coin with market capitalization of $2.50 Billions USD (check here https://www.worldcoinindex.com/ because you are no doing your homework buddy? because you become idiot and ignorance if you posting something which you did not fully understand. Pyramming Scheme and Ponzi always collapsed less than a year but Bitconnect is already more than two years.
A ponzi lasts as long as it attracts new investors.
If people keep throwing money at it, it will keep running.
Unfortunately people didn't see the warning signs. :/
is about the information, not the money, in a normal blog/forum (reddit) people dont even get paid 10 cents, still you do it to inform and help people. You must be like James also, selfish and all about the money
Do you know what a Ponzi Scheme is?
Steemit is not a Ponzi Scheme. There are some very obvious reasons for that. Ponzis require that you put money into it, in order that it is "Invested" in some high yielding opportunity. Which is really just a slight of hand with other people's investment of money. You fake a growth percentage to entice more people to get involved and get more financially exposed with your plot, then you take their money. It's so unwise to just throw around accusations using words which you are not familiar with the definitions of. It's important to speak precisely.