Post
Topic
Board Altcoin Discussion
Re: How and why Steem failed ?
by
DecentralizeEconomics
on 27/08/2016, 11:18:02 UTC
At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $

Steem was a ponzi scheme from the beginning.
I can not believe some people really quit their jobs just for that.I guess that had been obvious pumpers writing bs.
Steem will bleed out and the only ones whp profited will be the early owners and devs.
The less this coin will be worth the less people will post on tsteemit because they hardly earn any money from it.
In a few months this whole project will be forgotten.

And Stan, Dan and their Chinese Communist buddies will be living happily ever after, because they will have gotten away with it again.  And don't worry, if there are any legal implications, Ned will take the fall for them.  Once they cease hosting their centralized Steemit website, they'll inform everyone that the great experiment has failed from their yacht phones while sailing for international waters.

THE END