Topic: Steem pyramid scheme revealed - page 45. (Read 107064 times)

@smooth, the line about you are a fraud if you don't call out a fraud applies to art as well.

https://steemit.com/poetry/@generalizethis/art-shouldn-t-agree-with-you

The problem is you cannot please everyone and take them with you. Just like what happens in real life some are poor and some have become rich. The ones left behind will cry and say that it is not fair because they became rich by ruthless cheating and scamming. But if those poor people were put in the same situation as the ones who became rich the funny thing is they will do the same thing. They too will ruthlessly cheat and scam to get rich. The loudest people here who always say FUD are the most envious of all because they did not think of the idea. Or maybe they did but they were scared to do it themselves or lack the confidence to do it. So they talk bad about a lot of things just like in real life.

Not necessarily, if you give them a way to join you and make a lot of money.

Has been flat since mid-July even while signups have increased.



Who came to extract money, not to bring their followers to Steem.

Everybody is milking this. Who ever is investing to give us their money is mighty brave.

https://bitcointalk.org/index.php?action=stats


Hmmm who knew Bitcointalk was not popular *anymore* ?
And here i thought everyone as telling me we have been experiencing record growth in the ALT scene.

So...

245 people come here daily but 25 million are into STEEM ?
Hmm WOW who knew ?

An opposing perspective:

Here's my latest analysis of Steemit: Measuring Steemit Growth: What Every Investor, Developer And User Should Know

"1. Transactions Volume: has experienced a significant growth since 4th of July and has reached a healthy state where on most days we see on average more than 100,000 transactions per day. By contrast, Bitcoin has on average more than 200,000 per day, and Ethereum less than 50,000.

2. Registered Accounts: presently Steemit has passed 60,500 registered accounts and has grown with ~17,500 new accounts or ~40,5% during the last 14 days. That’s 1250 new accounts or ~2,9% per day. As it stands now, we could reach ~75,000 – 80,000 registered accounts by the end of August.

3. Community dynamics: the community is growing and evolving at a rapid pace. Indeed, people seem to be very adaptive and strive to understand, contribute and improve things as much as possible. There are also disagreements and some apparent conflicts of interest between some well known community members(whales), but things are moving forward.  Indeed, I have not seen in crypto a community as diverse as this one. In fact, I am quite impressed at the rapidly growing number of well-connected influencers which have jumped in. As @roelandp put it, you’ve got Playmates, Vigilantes, Pirates and many others with hundreds of thousands of followers. Try to imagine what will follow.

4. Ecosystem/exchanges/developers: The ecosystem is also booming. Indeed, if you look at steemtools.com you can see that we have already 59(!) listed tools and apps. Number of exchanges has also increased. Although Poloniex and Bittrex were there, you can see that another three have listed Steem: Livecoin, HitBTC and alcurEX.

What’s even more intriguing is how involved various community developers are. And yes, the number is growing. Indeed, this seems to be at least in part due to the direct and immediate rewards they receive after implementing a solution to one of the many community needs. As things stand, this may be one of the most interesting platforms developers should engage. The reason is simple and potent: incentives. They’ve got both healthy immediate rewards, and promising future prospects if Steemit succeeds.

5. Investors, VCs, Startup Founders: another important metric to consider is what some of the bright minds of Sillicon Valley tend to think about the platform. Why? Well, because a good word from some of these people can add a lot of value and credibility to a very early stage platform and so significantly increase its exposure. Indeed, this kind of exposure is like gold, since it not only exposes Steemit to people who would merely love it if they would hear about it, but exposes it to other investors, VC’s or startup founders which could add significant value to the platform if they would join. Among these kind of people you have Fred Wilson, top Sillicon Valley investor, who is rooting for Steemit, Fred Ehrsam, Co-founder of Coinbase, mentioning it in his essay, Albert Wenger, early stage VC, mentioning it in his essay and many other startup founders who have already joined the platform."

P.S. I have also included an important note on the attrition rate mentioned by @anonymint.

Link?

Now Coin Base is promoting this very shady operation.

[NEWS FLASH]

Devs forked their own coin..

It's legit now guys.. they changed user-names !

TAKE MY MONEY NOW !

Go go go !111

Its an unwritten rule, just like:

If you succeed, people will hate you

There's a rule: Everything cryptocurrency related has at one time or another been called a scam.

Who else are the users of Steemit that is good to follow if you are into cryptocurrencies? I would like to deepen my understanding about it.

^This should have a follow button:

Wish I had more than .02 cents, but I give what I can:


https://steemit.com/steemit/@generalizethis/room-exclusivity-combats-group-think-noise

(Puns--proof that Shakespeare was a masochist)

Just got out of the shower (first one in weeks), and I forgot to say that my opinion is that the rate of active users isn't likely growing enough to support a merchant ecosystem. I think maybe 10,000 - 15,000 active users max right now and who knows how many are bots. To cross the chasm to a merchant ecosystem, I think they need millions of users.

I think we need an onboarding with a higher rate of viral engagement. We'll see....

Thanks for your answers Iamnotback.   From what I heard there will be a fork that will prevent people with a small amount of voting power to vote, probably to encourage users to buy steem power. This is not going to work as it creates a barrier to entry( buying bitcoin,etc..) Instead Dan Larimer should publish a kind of roadmap so that investors know what there are getting into.

@suchwowwow

I suspect most demand is driven by expectations so if there announcements which drive up expectations, then it is possible that might be a net increase in demand.

The money supply is always increasing (and very fast for the next several months) so on a purely Quantity Theory of Money basis, the price should decline, but the QTM may not be the only factor.

The increase in the liquid money supply could accelerate if more people decide to start powering down, but it is limited by the 1% of week cap.

I think to sustain the platform, they eventually have to move away from voting rewards as the main feature (although it serves as an onboarding paradigm for the time being) and have some other compelling viral engagement features, whether it be in social network or commerce or what ever.

I am not convinced that the voting rewards paradigm is the best one that can be done for onboarding, but it is too late to change that now in Steem. And my alternative idea for one might not be better, let's see what others think when and if I announce it.


Okay guys, I like to go quiet now for some days. Happy Sunday.

@Iamnotback



I noticed that you are knowledgable about steem so I wanted to ask you this question.

Am I right to think that the inflation of steem is higher than we think because people can power down anytime they want ? let me know if this is a stupid question

With the high rate of inflation the price has a lot of downward pressure as seen in recent days, will the rewards go down a lot or what would happen?

Dan Larimer and the steem community does not seem to be concerned at all about this, but I have heard from many that the lack of incentives to buy steem will be the downfall of steemit

Do you think a marketplace would slow down sell pressure?

I was thinking maybe steemit could fund companies too and get some sort of ROI?

Also advertisers could buy some space on the steemit website with steem?

I have read some of your posts on steemit.com and they are very insightfull . I would love if you could right a post about models to sustain the platform, this would wake up the steemit community on a matter that I think is pressing. I am curious what Dan thinks about this, he seems to think that his system is perfect and won't need advertisement, this is dangerous thinking.

I have a question. Why is it that when a coin goes from no value to over $100,000,000 valuation in market cap everyone will say that it is a scam? Is this envy?

There is a lot of idealistic appreciation of Steem. See my prior post, which I added to since you read it last time.