I was replying to you, as you seemed to be of the opinion that the accounts referenced were just doing what was financially rewarding, and that was ok.
I hoped to convince you otherwise.
A truth about investing is that the greater the potential reward, the riskier the investment. This is certainly true with cryptos like Steem. It is why Steem could reward investors that bought at $1 with a 400,000% return if it goes to the price BTC was recently at.
But, if Steemit continues to permit mining the rewards pool with the scams the two highest paid authors on Steemit are running, well, the price of Steem will never rise to that level. Only showing that the use case for Steem, the Steemit platform, can grow and continue to drive adoption of Steem by paying account holders in Steem, can those gains become reality.
No one should be more outraged and against such scams than those that have plunked down hard cash for Steem.
Yes, but any crypto currency you can invest in has the potential to go up at base value. I mean bitcoin doesn't even have a platform, product or anything its its value is thousands of times what was invested.
To me the attractive part of investing in steemit is that that investment can be USED but currently its not really that easy for an investor to get immediate returns. If there was then people wouldn't NEED to GAME the system like is happening.
We need to accept that fact that investors want to make money and build that in for them. Also I don't think there is any crypto that didn't have insiders getting the biggest stake on the early. Thats just the benefit of being on the inside. Sucks for others but good for them. Its just the way it is.