Proof Steemit is a scam and a ponzi scheme by tomaso88

View this thread on: hive.blog | peakd.com | ecency.com

steem · @tomaso88 · Jul 21 '16

$0.02

Proof Steemit is a scam and a ponzi scheme

<html>
<p>Unless someone from the developing team can rebuttle this these guys make pretty good cases as to why steemit is a scam</p>
<p>https://bitcointalk.org/index.php?topic=1558366.0</p>
<p>https://steemit.com/steemit/@afilja/is-steemit-a-ponzi-lets-investigate</p>
</html>

👍 dafar, icfiedler, tomaso88, sqlinsix, ustas, mindhunter, darthnava, therealnivok, weenis, saad17, legendchew, adamlab, nexusvortex777, itman, grammo, fhool, fizarak, asimplelife, tata.lucette, cjmerrett, sweeney27
👎 webokv

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@anduweb · Jul 21 '16

Have a look over this to get an idea on the minds behind Steem and Steemit: https://steemit.com/blocktalk/@blocktalk/blocktalk-steemit-s-ned-and-dan

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@dafar · Jul 21 '16

I'm curious to know why the founders are powering down

👍 sandwich, someotherguy, tata.lucette

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@anduweb · Jul 21 '16 (edited)

they have to pay for some much stuff to keep everything going nicely. Do you think professional people in the security industry come cheap? or business development? or any other?
Look at all the money all the people are making.  @Dan and @Ned have been building Steem/Steemit for 2 years. Don't you think it's time for him to cash out a bit also?

👍 tata.lucette

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@sandwich · Aug 3 '16 (edited)

I thought this too, and then I saw this via SteemDown.com 

@steemit is powering down *1 Million* a week. The Steemit account has 1 post, and does not vote (therefor, it does not distribute it's funds to the network, it does not reward the people who give the network value.)
![](https://www.steemimg.com/images/2016/08/03/ScreenShot2016-08-03at3.27.06AM93008.png)

Really curious about an economic explanation as to why this would be acceptable, (1) why the primary holder of steem doesn't redistribute it's funds to those who give it value and (2) why will the primary stakeholder have *zero* stake in the network in less than 2 years.

Are they liquidating to make up for overhead? Will they stop the powerdown after a couple weeks/months? All possible reasons, but so far, it's been mostly silence.

👍 sandwich, cryptogaijin, sweeney27

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6 replies

@tata.lucette · Sep 24 '17 (edited)

They are cashing out since the beginning and never stopped it
Specially during Christmas or end of the year to pay a travel or so.
Dan and Ned don't do it for the well being of humanity.
When money is involved, other stuff doesn't matter to humans.

👍 tata.lucette, lucassantos

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@tomaso88 · Jul 21 '16

did you not read the post they own 80% of all steam, that isn't decentralised, they control everything

👍 tobyfex, lucassantos, orha.marius, adamlab, fizarak, tata.lucette

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7 replies

@diggerdugg · Jul 21 '17

We still heeeeeeeeeere :D

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@ebonicraft05 · Sep 5 '17

Fine post. Nice to see I'm not the only one who thinks like this. Wetter you invest in the stock market, real This is quite an interesting website I found:  https://www.coincheckup.com It's a great site that gives in depth research on every tradable cryto in the market.

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@fhool · Jul 13 '17

it IS a ponzi scheme. it looks like they are giving $, but it's just a monopoly money. if everybody stops playing, it would mean nada.

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@kbad10 · Jan 22 '18

@tomaso88 What are your opinions now?

👍 patrickvatsaloo

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@patrickvatsaloo · Jan 31 '18

my thoughts exactly

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@run-to-win · Dec 16 '17

Steemit Bot Ponzi Scheme:
https://steemit.com/steemit/@run-to-win/steemit-one-giant-decentralized-ponzi-scheme

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@tata.lucette · Sep 24 '17 (edited)

It is a scam!!! Steem value is going down and it is no surprise at all.
https://steemit.com/thieves/@tata.lucette/revolution-steemit-is-going-down-like-it-never-did-and-it-won-t-never-come-back-here-is-why

👍 tata.lucette

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@tata.lucette · Sep 24 '17

Not sure about justice here...
check this!!!
https://steemit.com/beauty/@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit

👍 tata.lucette

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@theinternet · Jun 25 '17

This is kind of by design if you read the whitepaper "Setting Price Feeds" section - it basically says the system in incentived to exist at about $1/$1 I think.

https://steem.io/SteemWhitePaper.pdf

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@therealnivok · Jul 29 '16

No rebuttal yet eh?  SCAM!!!

👍 fizarak, asimplelife, sadarac

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properties (23)vote details (3)

voter	weight	wgt%	rshares	pct	time
sadarac	0 B		0	100%
asimplelife	0 B		0	100%
fizarak	0 B		0	100%