Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
jeffthebaker
on 26/10/2016, 19:36:28 UTC
What do people think about the arguments in the following article:

http://www.libertylifetrail.com/2016/10/23/steemit_started_as_a_scam_and_only_got_worse/

Are they valid?

Steemit is the worst kind of crypto scam, the kind that preys on unsuspecting individuals OUTSIDE of the crypto community. When it first exploded in popularity, the new users came in the form of those unfamiliar with the crypto sphere. People were talking about getting their friends, SO's, and even mothers into Steemit. Absolutely unacceptable. Once the time and money invested by these unsuspecting users evaporates (which, for the most part, seems to already have), their faith in the overarching crypto sphere will be shaken, most likely beyond repair. Steemit is the same level as scum as Namecoin, Onecoin, and now Zcoin.