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RE: BuzzSteem Ep 9 - Don't Let Steemit Become A Ponzi Scheme

in #dtube7 years ago

Ok, a little perspective on where we are in the pyramid. In 2012, YT had an estimated 500Million account holders; Steem is at 670K or so. Even if this is a Ponzi scheme we'd be in the middle. But then there is the greed of outside investors who buy their way in as Whales, and a couple of those can topple the whole works, ..if we let them. Fiat currency is not much different in that the central bank takes your value every time they print another Euro, Dollar what have you. There is more stability in fiat, but do not ignore the price we all pay for that. Money looses value as you earn it, even before you put in in the bank it will be worth less than at the moment the check was written. With Steem there at least exists the possibility that it will be worth more when we cash out. Fun post and certainly a topic to keep an eye on. Thumbs up!