A number of representatives of the community blames Steemit management that the project is a pyramid. The main argument in favor of this, in the opinion of users, is the possible enactment of breaking social network in mid-July.
Recall that in the night of 14 July 15, decentralized social network was attacked Steemit: hacked about 260 accounts and stolen a little less than $ 85,000 in tokens and Steem Steem Dollars.
This event gave rise to a lot of speculation about who was behind the attack. Some people are even blamed the administration itself network. One of the most influential representatives of this group is the publication employee bravenewcoin.com Tone Weiss.
For example, in «cryptocurrencycollectorsclub» group in the social network Facebook, he left a message in which he said that he considered Steemit «Ponzi scheme" and boycotting it.
One of the users on the network, hiding under the name keirhsmih, responded to this accusation deployed by fasting, which resulted in 10 arguments in favor of what Steemit can not be considered a fraudulent scheme.
1) In Steemit money earned at the expense of content placement.
2) "Ponzi scheme" includes investment funds, which then will be returned at a profit, and is only content, site users can be considered as an investment.
3) This is a public resource. "Ponzi scheme" can not be used blokcheyn where everything in sight.
4) "Ponzi scheme" does not offer services in exchange for investments.
5) In Steemit voting system purely voluntary and based on a consensus of users, and is not determined by the developers.
6) Economic Steemit platform is based on the fact that people want to vote in favor of the view that is considered correct.
7) Here I can communicate directly with the people who vote for me Placed content evaluated at Bitcoins. This makes it possible to attract more people into the world cryptocurrency.
8) "Ponzi scheme" uses marketing to attract new customers. In Steemit attracting new people to deal with the users themselves, who want to see new authors.
9) I do not trust tweets, alleging that the article - part of a fraudulent scheme.
10) Do Steem Seem Dollars and has a price that people are willing to pay, regardless of whether they boycott someone or not.
The beta version Steemit platform was released in May this year. The users of this social network can receive the award in cryptocurrency for their publications.
When it starts Steemit Larimer founders Daniel and Ned Scott explained that the network will be managed through blokcheyna and use their own cryptocurrency that users will be transferred as a consideration for the posts, comments, etc. Fee users made the transition currency Steem Power and Steem Dollar, which can be exchanged for US dollars.
My gut is telling me bitcoin value was depleting. Possibly this site was created to add some "steem" back to the value of bitcoin since you have to buy bitcoin & trade to steem. The unbelievable response and and imense growth right from the start. All people have a deep seeded need for approval, for a pat on the back for a job well done. To reap the rewards from ones own work. Then you have the other type of person, the one who yearns to hold all the cards. The person who wishes to be top dog, who will buy hoards of bitcoin just to sway the votes and have the power. People who make it rain for plain blogs about taco meat, and crushing the dreams of others. Either way as Steem chugged along so did the sale of Bitcoin. Food for thought: A doctor isn't ethically allowed to buy stock in medication hmmmmmmmmmmmm thanx for listening Blessed Be
Thanks for bringing out the situation