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RE: Steemit ponzi? Or not ponzi? I call on devs to review this post on Pinterest I found titled "The Ugly Truth Behind Steemit", most convincing argument I have seen so far calling Steemit a scam

in #ponzi9 years ago

Due to the fact that time has value you can make a sound argument that any profit shareing medium like YouTube or Steemit is a ponzy scheme. You cant get around the fact that there is an inherent up front cost investment to make content on any of these types of pages. In fact you can even argue that making videos is more time consuming than text posts with images thus making YouTube more expensive of an investment with a much lower likelihood of a return.