Haha, that was easy, not very good at this trolling shit are you?
C'mon genius, have another go, explain in your own words why Steemit's a scam and who the victims are. What method is the scam using?
Steemit isn't a scam, but it's inflation rate when it started was particularly bad, and as other's have said at the time did feel like a cash grab. I'm not convinced that the team isn't extremely selfish in the economic aspects of it, and clearly made an attack on ethereum the way they designed their ICO.
https://steemit.com/eos/@eosio/an-update-from-block-one-ceo-brendan-blumer
This blogpost, by the main PR dude for EOS, is informative. I'll let you make up more of your own mind about it cause it certainly isn't black and white.
I don't think i like their distribution model, but I do think they will end up with a product that may be worth that amount of money. Cash grab sounds kinda right, but maybe they are really getting what it's worth?
My biggest grievance with it, and i think is a really big deal is that the funds are available to them immediately. This should always be a big no no, and I think investors should demand that ICO's should have better controls in this way to make sure developers deliver on their promises.
