This is not your original work, and you failed to cite the source. That is called plagiarism and it is highly frowned upon in this community.

Steemit is another TSU, it wont last. Only a handful of Steemit users actually earn anything. If it sounds to good to be true, it probably is. People are flocking here right now in hopes of making a fast buck, but very few earn much of anything. For every post that earns $5.00, there’s 3,000 more posts than earn 5 cents or less. Just look at the profiles.

When you first enter the site, they make it appear as if it were a gold mine by throwing the top earning posts in your face. Notice there isnt many of them, just what’s shown on the front page. Scroll down and everyone’s earnings drop to nothing.

To make matters worse, the platform can’t seem to explain how and where it earns it revenue, other than investments in Steem currency, which is essentially gambling. They have no viable revenue model, and the money they paid out so far came directly from investors. Their money is running out.

I have just joined the community and my first impression is that all the spammy looking posts are getting the most $$. Is this another way to make some quick bucks (before getting busted) by posting adult-oriented and get-rich-quick content?

The title is too pointy. and the source is listed, other than that i think the article is alright!

If Steemit is a Ponzi, then Bitcoin is aswell.
The reason for this is simple:

* Bitcoin pays **miners** from investor money
* Steem pays **posts** from investor money

Easy as that.

Tell me, which one of both has more potential to go mainstream?