You are viewing a single comment's thread from:
RE: Only 18 presents left under the tree!
I've been thinking a lot about what you said and I think I'm going to try and start to spruik the word on Steemit to my more creative friends. I wasn't going to until I was completely sure it wasn't a Ponzi scheme... but now that I've met so many people I'm starting to feel guilty that I haven't shared it yet.
We all come in with those doubts, and rightly so. There are pyramid schemes springing up all over, capitalising on the hype and complexity around the crypto world.
I wrote a post explaining where the money comes from, which helped a lot of people wrap their heads around it.
Ah, that is a great post... but the real gold was in the comments I think... the bit that convinced me that it isn't a Ponzi scheme is that there is money coming from outside... not just from new people buying into the platform. The Miners are producing Steem (30%? 20%?) which goes into a pool and the people get to decide how that gets divied up... with those that have invested in the platform (either content or money) having more weight in that decision.