Exactly.
Is Steemit a scam?
Steemit is not a scam. A scam begins with you having to give money to someone else. Steemit is not a middleman to any of the digital points allocations users receive. Steemit doesn't ask you to invest anything. The Steem blockchain and points system is entirely its own entity, similar to Bitcoin, and it should be treated with a high level of due diligence for anyone looking to leverage its digital points as cryptocurrency.
Source: Steemit FAQ
I had the same question about @mughat's idea. But maybe it can be addressed in some way. Perhaps the cap would need to be 80% of the account value. Or maybe it's not really an issue.
But if two completely independently people came to the same conclusion, is that an indicator of something?
Or maybe 200% of the account value. Something to experiment with.
That makes a lot of sense. If it's capped to more than the investment, who could argue it's a scam? And that cap also prevents ridiculous payouts. Ok, I'm on board. Let's do this.