RE: Is Steem a ponzi scheme?
Been meaning to respond to this and now I'm able to. Great post!
Wouldn't the dividends be paid in the sense of cashing out? That is what the inflation rate is designed for because the "company" is literally unable to pay us for dividends.
I wonder about the legality of a stakeholder/worker being able to self pay themselves (self upvotes) because what is profit and what is company revenue?
I also wonder about someone being alerted to this type of behavior on the platform can constitute legal action, and if so, how.
I have already seen literal piracy taking place, and as a community, if we don't want steemit to become a ponzi scheme, we have to start shutting those down that are hurting the platform.
People are calling this tactic a witch hunt. Is it really? Do we want to turn a blind eye and potentially lose what could have been something great?
I've been on the platform 2 months now and I feel I've flagged more posts than many whales. I watch these whales upvote themselves hundreds if not thousands of dollars. Is it deserved? Sure, some of them definitely deserve it.
Are they spreading any wealth? Well, if you're not commenting on their posts or a part of their circle, no.
That's not entirely bad thing, but we are all a bunch of small communities that make up one big community. If your community is hurting, so is mine. Even if you don't see the damage being done, or care about it, doesn't mean it isn't happening