Has steemit been chalked up to be a scam yet?

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: iamnotback on September 16, 2016, 09:22:09 AM

On the 3 months $ chart, the rate of decline of STEEM is decelerating (employ a straight edge on your screen to convince yourself):

http://coinmarketcap.com/currencies/steem/

Thus it looks like it will find a bottom or the rate of decrease will become largely irrelevant.

Steemit is early days in a 2-3 year project...
But it's quite ironic that BTS has done double the monthly volume of STEEM.

aamarket

sr. member

Activity: 259

Merit: 250

Thanks bitcoinjesus2.0 for long reply, I have the feeling you did not add anything useful.
You quoted my experiment with RIC pool. At that time other pools suffered by DoS and I wanted to help. No interest, pool stopped. I am still a fan of prime numbers and I have an idea, how to make RIC bigger, we'll see.
I am sorry to say that, but I doubt you can teach me things about math or life. But thank you for trying, may be I just did not get it.
Anyway that may be a good idea to post this on your steemit Wink

Please share it so we can see how big reward you get.
It might make a great story and would make you rich. I certainly wish you good luck.

I presented why I was certain STEEM would fail.
There may be other factors as well.
Only time will tell
Maybe Zuckerberg's knees are shaking already.

iamnotback

sr. member

Activity: 336

Merit: 265

On the 3 months $ chart, the rate of decline of STEEM is decelerating (employ a straight edge on your screen to convince yourself):

http://coinmarketcap.com/currencies/steem/

Thus it looks like it will find a bottom or the rate of decrease will become largely irrelevant.

testz

legendary

Activity: 1764

Merit: 1018

Quote from: aamarket on September 16, 2016, 08:22:27 AM

Thanks for the link, that app is social networking, not a wallet.

"1. App never access or hold onto user funds."

For now yes, but it's not too complicated to transform this app to the Steem wallet, the question is, if users will trust the app developer and give his app the active key in order to make transfer operations or will keep using wallet from https://steemit.com using Apple Safari browser.

aamarket

sr. member

Activity: 259

Merit: 250

Thanks for the link, that app is social networking, not a wallet.

"1. App never access or hold onto user funds."

Any other ?

... I would not expect such comment from a hero member, Chryspano, probably everybody can become one these days Wink

This article was rewarded with over 31,000 USD, so it must be ultra high quality post.

https://steemit.com/beauty/@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit

chryspano

legendary

Activity: 910

Merit: 1000

Quote from: aamarket on September 16, 2016, 01:42:25 AM

The flaw is the way steemit works, you do not get a good content by whales rewarding articles "wild chicks travel around the world".
Another flaw is that steem is locked for a long time.

Yeah, the 'stupid' whales need to read every crap post so that they can reward only the best 'quality' content and nothing more, lol.

Where is YOUR followers/fan base? Do you expect that you can write and post an article "somewhere" on the internet and all of a sudden all of the world to be aware of it? Today it can be easier but what about in 5 years when/IF steem is a success?

STEEM's locking mechanism is just fine, if you don't want to commit yourself long term then don't buy and don't power up, as simple as that.

jack1111

hero member

Activity: 924

Merit: 500

Despite Steemit price , I think steemit managed to establish very important blogging platform , and this platform is spreading well , especially between crypto community , it is perfect solution for the bloggers who do not have own blog . The price is different matter because it can be manipulated by traders .

testz

legendary

Activity: 1764

Merit: 1018

Quote from: aamarket on September 16, 2016, 01:42:25 AM

I said it is interesting project.
Regarding your iphone https://steemit.com/steem/@gavinmai/steem-dollar-approved-by-apple (Awarded 21 USD), but I do not see it in app store.

https://itunes.apple.com/us/app/esteem-mobile/id1141397898?mt=8

aamarket

sr. member

Activity: 259

Merit: 250

I said it is interesting project.
Regarding your iphone https://steemit.com/steem/@gavinmai/steem-dollar-approved-by-apple (Awarded 21 USD), but I do not see it in app store.

The flaw is the way steemit works, you do not get a good content by whales rewarding articles "wild chicks travel around the world".
Another flaw is that steem is locked for a long time. I do not know the details,
please enlighten us, no need for stupid posts like the one above.

exchange
https://poloniex.com/exchange#btc_sbd
https://poloniex.com/exchange#btc_steem

aamarket

sr. member

Activity: 259

Merit: 250

I'd say there are flaws in steemit ecosystem, but it is still an interesting project.
The truth is you do not see 22,000 USD worth posts anymore Wink

https://steemit.com/

chryspano

legendary

Activity: 910

Merit: 1000

Quote from: ?? on ??

Quote from: chryspano on September 15, 2016, 01:14:10 PM

If total STEEM at that time are 1,350,235,874 STEEM and you hold 100 STEEM the new representation will be 135,023,587.4 Total STEEM and you will hold 10 STEEM.

POOOFFFF!!!

POOOFFFF what? ? ? ?

You still hold the same percentage of the total supply and marketcap.

You are ~~maliciously~~ trying to ~~mislead~~ everyone here. Shocked

chryspano

legendary

Activity: 910

Merit: 1000

Quote from: nomoreheroes7 on September 15, 2016, 12:54:33 PM

Quote from: ?? on ??

and coinmarketcap.com has yet to figure out that the STEEM marketcap is only $8 million instead of $80 million due to the 10:1 reverse split that amost everyone forgets about!

I'm a STEEM hodler and I guess I don't really understand what this means either...? How does the reverse split work? Are you just talking about how vesting STEEM grows (while simultaneously being diluted due to the always-faster-increasing "virtual_supply"?)

I've never really understood this valuation aspect of STEEM...

Huh

He is trolling.

Every few years all the STEEM balances will be represented with a smaller value because of some kind of data storage "issue" If total STEEM at that time are 1,350,235,874 STEEM and you hold 100 STEEM the new representation will be 135,023,587.4 Total STEEM and you will hold 10 STEEM.

nomoreheroes7

sr. member

Activity: 326

Merit: 250

King of all the land

Quote from: ?? on ??

and coinmarketcap.com has yet to figure out that the STEEM marketcap is only $8 million instead of $80 million due to the 10:1 reverse split that amost everyone forgets about!

I'm a STEEM hodler and I guess I don't really understand what this means either...? How does the reverse split work? Are you just talking about how vesting STEEM grows (while simultaneously being diluted due to the always-faster-increasing "virtual_supply"?)

I've never really understood this valuation aspect of STEEM...

Huh

Antibarcode

full member

Activity: 122

Merit: 100

If founders escaping this is like leader killed in war, so i ain't see no opportunity for this project to progress in near future.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

I read so much about this program but did not get a chance to participate,there were so many negative write ups,it's a get rich quick for owners and with huge connections

Rockie1234

sr. member

Activity: 476

Merit: 251

Look at the price on coinmarketcap
for the last few months. A steady decline. Steemit claimed to be "decentralised" but that was just a marketing ploy. Steemit is the exact opposite, with big investors getting the most say in the community. Since the founders own 80% of it, they have all the control and can censor posts as they wish.
Now they are cashing out their steem, as they had steem when it was worth thousands of times less.

Btw, founders cashing out is not an assumption, there was a thread on this forum which had proof of it.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

steem was a bad idea even from the start. and that was clear as a day. people only went in for the free money that steemit was giving them and the later people went in only for the promise of free money they promissed to give them.

but when people don't get what they look for they will slowly start to leave it behind and never look back.

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

garbaaageee

European Central Bank

legendary

Activity: 1288

Merit: 1087

woah. color me amazed. wasn't this gonna kill bitcoin once and for all or is it another coin now? I can't keep up with the bitcoin killers any more.

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Better to say collapsing slowly, got initial attention when it was pumping in exchangers and when it started to get dumped hard all those interest over steemit platform went to like zero except few still active there.

Topic: Has steemit been chalked up to be a scam yet? (Read 1490 times)