Topic: Steem pyramid scheme revealed - page 78. (Read 107064 times)

What's your steem account? Let's become whales and upvote eachother

I'm @dafar

1. there's always this risk.. you can make this same question for any investment in bitcoin.
2. same answer ^
3. yeah sure. but dont forget about the reason why you powered up. to have profit with this you will need to "work" in steemit. With more power you will earn more from PoS, curation and other things.

LoL wath a funny threat.
Cant do annything else than lought of you boys

I won't get hospitalized haha. But I hate seeing my BTC count go down. There's a certain amount I want to HODL in case we see another rally this year. I think I will just rebuy when I get paid tomorrow.



Yay I'm on top! For once!!



But here's the thing... if I power down now I have to wait a full 2 years to get my 3.6 BTC back. That's an eternity for bitcoin. I'll basically be getting payments of 0.0346 BTC every week for the next 104 weeks.

My concerns about that are:

1. What if BTC skyrockets and steem value stays the same?
2. What if Steem gets hacked again within that time?
3. Time value of money... having 3.6 BTC now is much better than getting it over the course of 2 years
4. Am I really trusting that the Devs have thought this through.... that they not only understand crypto but also ECONOMICS enough to know that this ecosystem is sustainable?

Since I powered up, the obvious choice is to HODL and keep gaining interest on SteemPower. My reasons for powering up were:

1. The interest that SteemPower gets is very good, every time I refresh my SteemPower grows
2. This high interest rate will only last for 9 months... so might as well take advantage of it
3. The user growth rate is extremely impressive. It may be the first "killer app" in crypto
4. There is a small chance that I could be a REAL early adopter of this... this is only 3 months old
5. Since this is so new, and already getting so popular, and only has 30K users at the moment.... the growth side is huge, and even if this platform ends up NOT being sustainable.... there's a good chance that at least for the next few months it keeps on growing, I keep on acquiring interest on my SP and by the end of 9 months I am HOPING that I have acquired a lot of interest and the Steem price has at least doubled to make my investment worth it

This is the point of all. If people will want this power for themselves they will need to buy it. If they will then Steemit will be a success.

Is this power so tempting that people will put millions of $ in it?  who will want this? Maybe a tobacco industry?

you still are on the top of the scheme, so calm down we have time to make some profit and get out.

It's on POLO & everywhere, it means they are growing. If you wont get hospitalize if you lose those 3 btc then HOLD.

I just used 3.6 BTC to buy Steem and power up..... you mother fuckers should have told me this yesterday


Ahh! Oh well, with the amount of traction it's already getting it may still grow higher?

https://steemit.com/steemit/@afilja/is-steemit-a-ponzi-lets-investigate

Smooth and I explained to you many times already that a reverse split doesn't dilute anyone's holdings. Please go educate yourself at investopedia.

http://www.investopedia.com/terms/r/reversesplit.asp

Whitepaper says : In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 “reverse split” every 32,000,000 blocks (about 3 years).

what part of that did you not understand?

This is incorrect. Please stop repeating this lie. I explained to you already in the other thread why this is wrong.

The rest of the OP was factual.

Admins and devs are not going to come because there is nothing to say. What is in the OP is fact

I have the same question. legitimate response, please...

why do you think lisk scam?

This is scary.
NOT TOUCHING STEEM fuck that!!

This one goes out to all the haters!!!

https://steemit.com/steem/@coinhoarder/g-day-steemians-the-reviews-are-in-click-me-to-see-what-bitcointalk-forum-users-saying-about-steemit

If you can upload content without censorship I'm all for it, new "investors" will just get a sharp lesson to the investing world like everyone does , this could be the exposure bitcoin needs

Headlines in the lamestream news

"Facebook users flee En masse to Steemit the bitcoin blockchain social network"

Find out for yourself
https://steem.io/SteemWhitePaper.pdf