Quote from: g3rszpi on November 25, 2016, 07:10:40 AM

Quote from: profitgenerator212 on November 25, 2016, 05:08:26 AM

It's not a ponzi scheme, it's a socially funded blog system

Steemit users get rewards for posting
Steem holders/investors pay for it

IMO you are right on this one
I guess OPs problem is that the "devs" are holding the funds from what they are paying out. I see what he means by this topic, but i dont see any solution to keep the funds decentralized, since only this would resolve this problem. And this is clearly not a ponzi/ pyramid scheme.

Well of course they want to hold onto the funds if they believe Steemit will be successful in the future.

I would be more worried if they were selling. But over time the distribution of SP will be more equal, as more people invest.