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Author Topic: Steem pyramid scheme revealed  (Read 106220 times)
adam1230
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November 17, 2017, 01:45:17 PM
 #1461

Steem pyramid is the best pyramid i ever seen. Almost perfect scheme to get money from other people.
I have steemit account but i never try to get profit from steem.

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KingScorpio
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November 17, 2017, 09:11:11 PM
 #1462





https://steemit.com/@steemit/transfers

https://steemit.com/@ned/transfers

https://steemit.com/@dantheman/transfers


Those are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem .


You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week.

And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses.
It doesn't end there though, they have designed a system where they have so much voting power compared to everyone else that they decide where the pool's money is being allocated, so if they want to pay themselves and their buddies they can do it just by a mouse click.
They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia.
They also get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble.


In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht  sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend.

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry  hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol

RIP steem power holders.

http://thestringpuller.com/2016/07/a-steeming-bubble/


edit : Dan has deleted transaction history on one of his account.  https://steemit.com/@steem/transfers

Money senta few days ago from https://steemit.com/@steemit/transfers is not showing as received on the steem account like it usually does. I don't know exactly why he doesn't want us to see the transactions but it looks like he is trying to hide something. Fishy


edit 2 : As predicted Steemit founders cashing out big time, they have been crashing the price from 5$ to 0.8$ and they are gonna crash it to pennies until there are no more investors to milk from.
https://steemit.com/steemit/@magnebit/steem-price-is-being-pushed-down-by-1-person-speculation-on-why-and-where-it-may-end-up

RIP steem power holders






oh thats normal thats how money works, actually, there is one that is basically the king, or several (dukes)
they print money and let others work for it, they make others clear that they are investing everything into their inerest or force them to do that, and this way kingdoms always worked, only god/gods is/are above the pyramid.

even bitcoin has today a pyramide structure through the mining pools and the professional miners,

regards

nomad1109
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November 19, 2017, 07:54:53 PM
 #1463

So many coins are just ponzi schemes now. It can actually be argued that the whole crypto economy is a ponzi bubble, waiting to burst. I guess time will tell if they're right or not.

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November 19, 2017, 08:31:23 PM
 #1464

I kinda got that feeling from the first time I used it. Not worth my time to post content to there site if they're not sharing revenues. That's the whole point of decentralization is to get rid of corruption. No different than the stock exchange though as far as scamming is concerned.

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November 19, 2017, 11:04:19 PM
 #1465

Steem is crashes these days, it is worthless at all. Many retarded use this program to cheat free money, pity on them, especially bts creator dan
If you guys didn't know that most altcoins including Steem was a pyramid scheme then there is nothing that will make you stop from investing in another scheme.

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November 24, 2017, 01:44:46 AM
 #1466

But they certainly have picked up "steem" recently  Cheesy
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November 27, 2017, 01:31:31 AM
 #1467

Steem and bitshares had great potential but they unfairly favor the early adopters ( miners) but EOS was done right. If you look at bitcoin it similarly favored the early adopters as well. They are the bitcoin evangelists. The people getting into bitcoin now are buying from the early adopters and the rich miners

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princessfalcon
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November 27, 2017, 03:24:28 PM
 #1468

Ethereum or any gold cin wit higher volume truly if you find bloodstream or FUD on the streets. And persistence for that pump motor that will occur eventually ho
cryptomarijuana
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November 27, 2017, 03:27:52 PM
 #1469

Thats why steem coin wasnt worth it to buy until now the price is still less than $2 people knows what is ponzi scams.

Balmain
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November 27, 2017, 09:15:40 PM
 #1470

Thats why steem coin wasnt worth it to buy until now the price is still less than $2 people knows what is ponzi scams.

If Steem value drop to 10-15 cents we can say about buying opportunity but $1 is already high. Most coins belong to small circle and they produce more and more for themselves. This coin is not dead yet because of greater fool theory. They always find another guy to sell coins. Steem is the definition of ponzi.
NaissuR
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December 05, 2017, 11:51:23 PM
 #1471

So many coins are just ponzi schemes now. It can actually be argued that the whole crypto economy is a ponzi bubble, waiting to burst. I guess time will tell if they're right or not.

how can you say that when crypto is being accepted by more and more industries
the whole system cant be ponzi bubble -.- not more than other markets anyway

chryspano
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December 06, 2017, 12:27:07 AM
 #1472

why have bitcoin instead of cash. I do not believe i'm ale to tae this serious and thats only because there are to a lot of people who believes bitcoins are for entertainment but they're really worth actual money do dont believe coins are useless because the do not.bk

Stupid newbie bots are swarming the forum lately, take cover
jbautistangina
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December 06, 2017, 04:56:46 AM
 #1473

Steem shitcoin is a well crafted ponzi scheme,so dont invest or even try yo trade this shitcoin stay away if you can.

toddy47
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December 06, 2017, 05:04:13 AM
 #1474

So who is still investing and buying this coin? All this time and problems and yet people still invest in it?

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CornCube
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December 10, 2017, 05:37:53 AM
Last edit: December 10, 2017, 06:09:36 AM by CornCube
 #1475

Also just noticed the Alexa rating of Steemit.com is.....#2,085...is this rigged?  That's fucking yuge.

http://www.alexa.com/siteinfo/steemit.com

Medium is 10X more popular. Reddit is 200X more. But Steem is gaining on them faster.

The bounce rate, pageviews, and time on site (aka stickiness) of Steemit is better than Medium but worse than Reddit.

Looks like we underestimated how big Steemit could get while having a dysfunctional economic model.

I suspect most users do not realize its a scam:

I created account with them in last month, however making money from them was hard and now I am realizing from this thread they are scams. I also got suspected why they pay huge cash for such crappy posts on steemit and this thread made me everything to get understand.

It’s not surprising to me that a site where people can do something they do anyway, but have the chance of earning something, is growing. Medium actually sucks in many ways.

Additionally it’s associated with Bitcoin and blockchains, so this is a new phenomenon sweeping the world right now and (eventually) everybody will prefer to be a on blockchain version of every site, including “Facechain”.

Also the growth will tend to increase when the Steem price is higher, because blogging rewards will be higher.

But how does this factor into the price of native tokens?  […] but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh.  They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit cares).

You need STEEM to power it up and vote for your sock puppets and other ways of extracting the debasement of the system to yourself at a proportionally favorable rate compared to those with less STEEM.

A system which is extracting value and not generating value, eventually fails when the rate of influx of new participants slows. I doubt that will happen too soon unless some project effectively does everything better and siphons off the interest in Steem.
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December 10, 2017, 06:00:34 AM
 #1476

80% is a big one. I have investedn in steem and i believed in it. Its just sad how some developers are too greedy. They only want to get all our money. This makes me want to stop with the alts and just hold my bitcoin, then i won't be scammed.

Well, we should have all seen it coming. And every time it looked like it was getting worse, we were all told something new to keep our hopes up. I stopped Steemit long ago thankfully. I was writing original content and investing so much time in it, but kept getting bypassed by some new user who tripled reputation in 3 weeks thanks to a profile photo of a skimpy girl posting selfies and earning $50 for every zero content post.

That is when I said. Damn this system, it does not work.

I created account with them in last month, however making money from them was hard and now I am realizing from this thread they are scams. I also got suspected why they pay huge cash for such crappy posts on steemit and this thread made me everything to get understand.
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December 15, 2017, 02:50:48 AM
 #1477

Even if they do own a lot of coins that doesn't mean it's a scam. Steem is doing it's own part and as it is the blockchain, everyone can verify who owns what and that could be done from the very beggining. So coming out and saying that Steem is a scam because you figured out that the owners own a lot of it's coins, is just wrong. They already offer a quite good service and people seem to like getting paid for typing stuff, so if they are happy with it let them keep on doing it, and if you're not happy with it just don't get involved, you have nothing to lose if you don't any Steem coins so no worries.
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January 01, 2018, 03:23:40 PM
 #1478

I didn't invest 1 cent into steemit, and I made around 12'000$ for blogging. Like I said, I never put money into it! You just have to create some content that people enjoy, and even if you do an amazing work, you could not get noticed if you don't make some contacts with people, you have to create a network of friends that will support each other. It's a lot of work and dedication, like in real life: If you do some amazing music or art, and you keep doing it without sharing it, nobody will notice you! Getting money is not easy, even on steemit. Most people saying it's a ponzi are just lazy people that didn't manage to make easy money. And if steemit is a scam, it means that all the concept of blockchain is a scam too. And therefor, banks are scam too. (I would more believe the last statement) Sorry if my english is bad. Haha.

Cheers!

Are you tired of all this FUD? Take a break, and check my Steemit Blog!

https://steemit.com/@troilo/
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January 19, 2018, 05:26:51 PM
 #1479

https://www.onebitcoinbuy.com/steem-cryptocurrency-buy-cash-money-invest.php

Steem vs BTC: Why we could see Steem overtake BTC as the #1 .
 Tongue

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January 20, 2018, 05:29:13 AM
 #1480

I didn't invest 1 cent into steemit, and I made around 12'000$ for blogging. Like I said, I never put money into it! You just have to create some content that people enjoy, and even if you do an amazing work, you could not get noticed if you don't make some contacts with people, you have to create a network of friends that will support each other. It's a lot of work and dedication, like in real life: If you do some amazing music or art, and you keep doing it without sharing it, nobody will notice you! Getting money is not easy, even on steemit. Most people saying it's a ponzi are just lazy people that didn't manage to make easy money. And if steemit is a scam, it means that all the concept of blockchain is a scam too. And therefor, banks are scam too. (I would more believe the last statement) Sorry if my english is bad. Haha.

Cheers!

That is impressive. Good job!

I agree most people posting ITT negatively are ones that are probably too lazy to profit off of Steem, and/or are looking to get rich quick and get frustrated.

One of the only ones posting recently that has valid criticisms is CornCube. It is most definitely a pyramid scheme that will eventually collapse, but it will probably get crazy big before that happens. It is possible that in that time they can create a profitable business model by leveraging their userbase that is growing rapidly, but I see that as kind of a "hail mary".
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