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Author Topic: Steem pyramid scheme revealed  (Read 107034 times)
DecentralizeEconomics
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July 20, 2016, 06:30:05 AM
 #21

The exact same supporters of the "Steem" scam were the exact same supporters of the Bitshares scam.  Banano and Berkyrself, I'm looking at you.  They are hardcore supporters who will say anything to keep the scam going so they can profit off the innocent.  These are either sock accounts of the Larimers or other individuals who also have absolutely no ethics or morals.

"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
unusualfacts30
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July 20, 2016, 06:38:12 AM
 #22

Actually, I was still testing the website before I was gonna invest a penny on buying this. I stay away from altcoins (excluding few which has gained my trust after extensive research)

It's well played scam, they probably had to spend ton of money on those articles if anything (may be they're copy/pasta, I don't know because I haven't searched and don't have time).

Either way, Website is a nightmare to deal with and this is in no way "revolution" as some users claim.

It looks like hybrid of twitter+reddit (it's not a good thing!)

and if it's a serious project, it's not going far from the look of the website. It's one of the most horrible social networking platform I've ever visited.


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clickerz
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July 20, 2016, 06:43:01 AM
 #23

Let's wait and watch. I am not agreeing or disagreeing yet, merely think that many systems including BTC initially had high degrees of centralised token ownership until wider distribution occurred. I will be watching this play out closely.

Just wait and see as they are new. But, still I am very cautious since this  there is money involve. I bought in Polo not that much coins, just a small portion and will if it will rise soon Smiley

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July 20, 2016, 10:25:35 AM
 #24


and if it's a serious project, it's not going far from the look of the website. It's one of the most horrible social networking platform I've ever visited.


people think they're gonna get free money. in that case they'd still visit a website that shoved its gnarly old fingers all the way to end of their ass.
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July 20, 2016, 11:26:09 AM
 #25

So the "Steem is a scam" threads have started. LOL. It must be making some good progress
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July 20, 2016, 11:39:26 AM
 #26

So many keyboard warriors on here that will never write a line of code or contribute to society.  You should be happy to see actual developers, such as the ones that created the steemit EXPERIMENT, make a few bucks.  They are trying to get crypto blockchain technology out of the basements and garages.

Sorry but you can't be serious!
Making a few bucks?
These guys are scammers!!All their other crypto projects had been scams as well.
They are ripping off everyone who invested in that crap and don't give a damn.
Well I have no mercy with the greedy ones however I feel sorry for the noobs who were fallen for it.
Alts are often shady as hell and you should be really careful where you put your money in.
Hopefully a few will learn an important lesson here.
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July 20, 2016, 02:25:51 PM
 #27

If you invented the facebook killer, which they have, it figures you will make lots of cash, good thing is we all do

BIG UP THE STEEMIT!!

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July 20, 2016, 02:56:38 PM
 #28

So the "Steem is a scam" threads have started. LOL. It must be making some good progress

Exactly. The sock puppet party here doesn't warrant genuine responses. It is not worth my time. Jelly donuts for all. Just like ETH, you know you are doing something right when there are 100 sock puppets crying scam in 100 threads they create themselves.
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July 20, 2016, 03:41:50 PM
 #29

Steem is a scam. Like LISK.

You have been warned.

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CoinBreader
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July 20, 2016, 03:52:04 PM
 #30

time will show indeed, but what i do .. is just play with STEEM waves, put a part of my earnings in to power up my account and thats all,
just dont rush things guys! and everything will be fine!!
thanks for the scheme tho! Smiley
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July 20, 2016, 03:53:17 PM
 #31

Find out for yourself
https://steem.io/SteemWhitePaper.pdf

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July 20, 2016, 04:16:35 PM
 #32

If you invented the facebook killer, which they have, it figures you will make lots of cash, good thing is we all do

BIG UP THE STEEMIT!!

If you can upload content without censorship I'm all for it, new "investors" will just get a sharp lesson to the investing world like everyone does , this could be the exposure bitcoin needs

Headlines in the lamestream news

"Facebook users flee En masse to Steemit the bitcoin blockchain social network"



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July 20, 2016, 05:48:30 PM
 #33

This one goes out to all the haters!!!

https://steemit.com/steem/@coinhoarder/g-day-steemians-the-reviews-are-in-click-me-to-see-what-bitcointalk-forum-users-saying-about-steemit
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July 20, 2016, 07:15:26 PM
 #34

This is scary.
NOT TOUCHING STEEM fuck that!!
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July 20, 2016, 11:12:34 PM
 #35

Steem is a scam. Like LISK.

You have been warned.

why do you think lisk scam?
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July 20, 2016, 11:54:09 PM
 #36

Steem is a scam. Like LISK.

You have been warned.

why do you think lisk scam?

I have the same question. legitimate response, please...
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July 21, 2016, 12:53:40 AM
 #37

Looks like you have a valid point we'll now wait what the admins and the devs has to say on this\

Admins and devs are not going to come because there is nothing to say. What is in the OP is fact
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July 21, 2016, 02:11:14 AM
 #38

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,

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year?

This is incorrect. Please stop repeating this lie. I explained to you already in the other thread why this is wrong.

The rest of the OP was factual.
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July 21, 2016, 02:28:37 AM
 #39

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,

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year?

This is incorrect. Please stop repeating this lie. I explained to you already in the other thread why this is wrong.

The rest of the OP was factual.

Whitepaper says : In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 “reverse split” every 32,000,000 blocks (about 3 years).

what part of that did you not understand?
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July 21, 2016, 02:33:58 AM
Last edit: July 21, 2016, 02:48:33 AM by iamnotback
 #40

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,

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year?

This is incorrect. Please stop repeating this lie. I explained to you already in the other thread why this is wrong.

The rest of the OP was factual.

Whitepaper says : In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 “reverse split” every 32,000,000 blocks (about 3 years).

what part of that did you not understand?

Smooth and I explained to you many times already that a reverse split doesn't dilute anyone's holdings. Please go educate yourself at investopedia.

http://www.investopedia.com/terms/r/reversesplit.asp
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