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RE: #trade-junkies // Why do we keep seeing articles like this that say Steemit may be a Ponzi?

in #trade-junkies9 years ago

Yeah, I never bet the farm on any digital currency, including Bitcoin. Rule #1, diversify. I am still curious why they think that locking in for 2 years is indicative of a ponzi. It seems like a legit way to promote long term users, since influence is based on those long term users locking in.

It's def a weird platform, even by crypto standards, and I'm still reading as much as possible trying to figure out some of Steemit. The community has been great in explaining things to new users.

I never think badly of anyone blowing the whistle. Even I have called out some friends and people in the Bitcoin space on things that seem shady, such as onecoin, or cloud mining schemes.

I'm def interested in hearing some more hard facts that point towards a ponzi. I'll have to check out that WCN show to see what points they are making.