Steem pyramid scheme revealed

[sangqung]

thanks for informing op i was planning to invest
my btc to steem

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[congvochi28]

Guys, I had and have literally nothing to do with the design or implementation of busy.org. I donated some money to them to finish development because they had what looked like a solid team and good progress but not really enough funding to keep going. I've also give them some advice but primarily on organization and funding. Most if not all of the concepts and vision for busy were in place and even partially implemented before I got involved with it at all.

[vovanlau2]

Never underestimate the Larimer.  He probably already knows this and will just do it after he already on-boards all the users.  He probably knew it was a hard sell to do it in the beginning.

[goilom]

I didn't read your blog yet, however I concur it is about significance. What's more, that is the other executioner include I am including that Steem (the blockchain) doesn't have. Publicly releasing the UI won't take care of their issues.

[Promising0017]

 Everybody is writing for the sole purpose to attract votes, the content is marginal. Unique, but lame shit nevertheless.
Look at the trending page, its embarrassing. A course in typography gets a couple of grands. Interesting stuff gets nothing.

[exfilesx]

 If you understand cryptocurrency and realize that expanding the size of the network will make it more useful and (potentially at least) make your tokens more valuable then you might see it, but that is kind of indirect.

[andrejfilipov876]

I can't believe that such an increase is possible . in my opinion, these are the next scammers . and do not blindly believe in the amount

[iTradeChips]

Do we already have any alternatives to steem? When I first read about the news about his I thought of telling it to my colleague who is the head of the newly created steem page dedicated for cryptos but I was suprised that he knows about it too and is quite alarmed.

[Tefenyt]

The primary purpose behind which I'm not intrigued into Altcoins any longer. I have been intrigued until half a month prior. Presently I discovered there are bunches of tricks with these Altcoins, so forget about it. Be wary, folks.

[Rejinx]

Because the basic entering has blank to engage in with purchase cryptocurrencies. It's active autographing up in a public stamp, card baggage and getting money.

[Bloerty]

Splendid post, loled hard. still... first crypto mafia must be Blockstream. Smiley Don't know whether it's actual or not, have no opportunity to research, but rather those bitches on yachts sounds are hitting the primary nerve Smiley))

[leacino098]

 Seems like the software was designed in a way assuming there would be so many individual miners that one person influencing all of them would not be possible, and the act of forking would involve just blind voting without collusion.

[lethanhvinh15]

I suppose the author can attach numerous tags to his post, but that becomes a pita for the author to keep track of all the various ones, and new tags may need to be added to his post over time to keep his post in all relevant tags.

[Classica35]

This caught me unawares. Although,i was never a fan to steem. This is an eye opener and i feel it needs more research for better understanding.

[Haimainemy Trung]

why would it be a pyramid scheme? it is nonsense, in my opinion it will have a bright future and it might even become a second crypto currency in market cap

[covfefe_]

Steemit is surely a ponzi scheme. I don't see their advertising in any way is sustaining their payments let alone a profit for the project.
And OP suggested, the developers are slowly leading towards exit leaving it as a failed project. They'd say they tried but couldn't make it.

[Lordbutterfly]

Steemit is surely a ponzi scheme. I don't see their advertising in any way is sustaining their payments let alone a profit for the project.
And OP suggested, the developers are slowly leading towards exit leaving it as a failed project. They'd say they tried but couldn't make it.

Yeah, see Steem is far superior to BTC and its clones. Compared to it BTC is utter trash, a speculative investment and nothing else. Place them side by side in front of someone that doesnt know the difference in their market cap, present the specs and info and see what they say.

Basically BTC has no future just like any BTC clone. max 7tx/s, 20 minute average wait time, centralization trend... I mean BTC, BCH, LTC and all the other coins working in the same way are doomed.  

Steem on the other hand is the no1. undervalued cryptocurrency right now. It has a max tx/s of 100 000, it has 2 second, fee-less transfers... compared to BTC 20 minutes.
Now SMTs are incoming in January that will change the face of the internet allowing every website to monetize their content.

BTC and all its clones rely on one simple thing:"The greater fool theory"..
Steem does not. Steem actually offers tangible value and has a sustainable economic model. Its trend is towards decentralization and empowerment of small accounts, while BTC and its cousins have a centralization trend present that will lead to complete faliure.  

STEEM does everything BTC does, better by a factor of a 1000 and has real world use case that has been functioning for 2 years now really well. Once SMTs launch ill bet you anything that we will see a +20x surge in price from this point..

You know what... Ill wager you a 100USD worth of STEEM that STEEM will hit at least 20x STEEM/USD from today by January-April 2019.

[micle222]

why would it be a pyramid scheme? it is nonsense, in my opinion it will have a bright future and it might even become a second crypto currency in market cap

Ayo Kita buktikan siapa yang akan menang, karena Steem juga merupakan Altcoins yg banyak peminat nya.
Saya juga tidak bisa memihak orang sini karena saya juga tidak mungkin dengan masalah ini dan lebih baik saya berdagang Ethereum dengan Fiat di Binance. LOL

[Julescape]

Steemit is surely a ponzi scheme. I don't see their advertising in any way is sustaining their payments let alone a profit for the project.
And OP suggested, the developers are slowly leading towards exit leaving it as a failed project. They'd say they tried but couldn't make it.

Yeah, see Steem is far superior to BTC and its clones. Compared to it BTC is utter trash, a speculative investment and nothing else. Place them side by side in front of someone that doesnt know the difference in their market cap, present the specs and info and see what they say.

Basically BTC has no future just like any BTC clone. max 7tx/s, 20 minute average wait time, centralization trend... I mean BTC, BCH, LTC and all the other coins working in the same way are doomed....  

You know what... Ill wager you a 100USD worth of STEEM that STEEM will hit at least 20x STEEM/USD from today by January-April 2019.

Looks like your bet is lost. It's Feb 2019 and I doubt Steem will be 20x in the next 2 months.
And now that Lightning Network is around, transaction time is faster on BTC and LTC potentially.
Steem the ponzi scheme

[CapnBDL]

Steem is a very interesting project and platform, many people use it and it has a great future. Since this platform is on the blockchain, so I would not think so. I think everything will be very good and big growth.