Based on the simple math of who owns what percent, STEEM and most cryptocurrencies are in fact structured like pyramid schemes or ponzi schemes.
You're right, it's either people who avoid the website because of obvious inequity if they don't need the money, or people who need the money and are forced to use the site as a crypto faucet.
I think the sentence "can help a lot of Indian students" can be further expanded to the fact that steemstem could potentially help students from anywhere, and no doubt it has in many cases, but we must ask ourselves what the most good we can do with the funds it can direct really is.
Yeah I agree . I was talking from Indian context. Yeah it should be more general. One thing which I love about #steemSTEM is that if made use properly this is an excellent win-win solution for students or content creators and steemit community as well.
unfortunately....