Topic: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. (Read 9388 times)

Don't really see the scam potential in this. Did they ICO? If they did, I'm pretty sure you can exit as we speak with profit. They aren't asking for value, for once. They are actually generating it, at least, the users are.

Look how easy it is for a whale to make money

https://steemit.com/money/@ubg/welcome-to-my-money-farm

what a joke!

@cryptohunter, Dan and Stan are two different people. Dan is clearly involved as co-founder and lead deleveloper. Stan is not obviously involved in any active way, though it is possible he made some passive investment.

As far as analyzing the blockchain, that can certainly be done. It is rather more trivial than darkcoin, at least from the perspective of early mining, because no aspect of the insiders mining 80% was hidden. Aside from the fact that they said they were doing exactly that on the thread when they launched it, the coins were mined by accounts with the name steemit00, steemit01, etc. (along with a few others like moderator and administrator) and then moved to an account named 'steemit'. You don't need to be an expert blockchain analyzer to figure that out.

As far as evidence of literal scamming, I've haven't seen it. But I never followed Bitshares (Dan's previous project, in which Stan was also directly involved) that closely so I don't know.

Then again if there is strong evidence that "Dan" has scammed before ( i have never seen such evidence if it exists) then all 7.4 billion persons should give a fuck if he is involved. Scammers and their projects need to be made pariahs else we will never weed them out and will continue to let them reward themselves with huge chunks of these alt currencies. The fact they are smart coders and designers is not a reason enough to let them continue to scam over and over (this is not a statement about the larimers singularly since I have no knowledge that they are known scammers )


If there is no evidence the larimers are scammers nor evidence they are related to steem the point seems mute.

I have no idea if it is an honest way to distribute the currency in return for content else an elaborate way to scam millions of dollars for themselves.

-- question to the board  ---

1. what concrete evidence exists that the larimers are scammers or dishonest?
2. what evidence is there that they are related to steem?
3. How manipulated is the steem market cap and price?


I would love to see a deep analysis of the steem chain and the ledgers if they exist for the payouts. I mean look how in depth people dug into the darkcoin instamine.

How could the devs game/extract huge amounts of steem and what measures are in place to stop them doing so?


 

Then what are you saying?

Eventually this "might" become a difficult situation for smooth.

Hypothetically, if someone unknowingly profits from involvement with a defective product then they haven't done anything wrong ethically, but if they knowingly profit by lying about the product (e.g. DASH) then they obviously have.

What about when they knowingly profit from the defective product, but they never actually claimed it was 'good' in the first place, they just let the buyer make there own choice, even though they had doubts about the product (maybe) themselves. That seems to be smooth's stance here - he doesn't promote the product, but he isn't criticizing it much either.

Best analogy would probably be a drug dealer. Is it cool to sell 'tainted' drugs to people who you suspect it'll hurt?

I suppose it ultimately depends on whether smooth believes STEEM is a defective product. All cryptos are basically ponzi schemes, but STEEM does have more worrying elements

That's a fair summary of what I have said and will continue to say if I see anyone try to promote Steem as having no premine and with a fair and transparent launch.

I said the same thing about Dash, which still says in its OP:

"Dash has no premine and was fairly and transparently launched"

Now I'm looking at the Steem thread OP, and I see nothing about "no premine" or "fairly and transparently launched"

The most elaborate Pyramid scheme I have ever seen in the crypto world... It gives BTC a bad reputation! It's not going to end up well

Please keep appraised of current affairs.

Smooth is not attacking steem at all. Why would he?

He is merely saying that it was not fair to say no premine then conduct a captive instamine which is essentially the same thing. He has a ton of steem so even saying that seems more than most would say in the same position.

i prefer 'forge a STEEMING link' ...

I'm coining the phrase, "to post a STEEMING link" , I predict it will rival "to google" one day

You know anybody who supports the Larimers and their scams are lying pieces of trash.

@bacchist is trying to lie and hide the fact that Steem is an exponential compounding system:

https://steemit.com/interest/@bacchist/steem-power-interest-is-not-compound-interest

I am among the ~7.4 billion people on this planet who don't give a fuck if Stan is involved or not. However, I've seen no evidence that the is.

You can't honestly sit there with a straight face and tell us that Stan Larimer has nothing to do with Steem.  Come on get real.  You know as well as I do that Stan and Dan are the father and son conman team from hell and whatever one is involved in the other is too.  If you actually believe Stan isn't involved in Steem, you're deluding yourself.

I'm pretty sure if you would have handed it over to the internet that you would have gotten Porny McPorn face on the proverbial Test Ethenate treadmill to primal instinct gone banana strokin' 24/7. (just sayin')

It is definitely a scam, because dev team reserves large proportion of the total supply.

And some ordinary got lots of money, which is very very unfair. If more coin released, definitely the price will be down in the long term.

I have had a few servings of FUD salad for them lately.. i just did not lay it on thick LOL

By the way good first post OP !

I'm surprised it took you this long to catch a whiff of this. It's quite a strong odor. All the dogs are gathering, and doing the crypto equivalency to leg humping.