STEEMIT Pyramid scheme revealed

in #steem8 years ago

https://steemit.com/@steemit/transfers

https://steemit.com/@ned/transfers

https://steemit.com/@dantheman/transfers

Those are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem .

You  know what's funny is that they tell you to power up but they are  powering down all 3 accounts and cashing out $2 Millions every week.

And  fools on poloniex are buying up all the steems hahah and best of all  the founders's money is growing extremely fast so they have essentially  set up a system where they could cash out $2M every week for life until  the ponzi come crashing down of course but these devs are fucking  geniuses.
It doesn't end there though, they have designed a system  where they have so much voting power compared to everyone else that they  decide where the pool's money is being allocated, so if they want to  pay themselves and their buddies they can do it just by a mouse click.
They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia.
They  also get to decide what goes on the front page so obviously they chose  to upvote boobs and steem praise, there is nothing better than vagina to  prop up a massive bubble.

In 3 years all the new steem  power that was created out of thin air to enrich the devs will be  detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9  from you and everyone else including themselves, But they don't care  becasue in 3 years the devs will be in their private yacht  sipping  mojito with lots of bitches while you will be powering down but it's  gonna be too late my friend.

And you know what they say when you  ask but why are you destroying 90% of my wealth in 3 year? They say  don't worry  hopefully the price will increase to make up for it rofl It  will not because they would have crashed it to pay for the yatch lol

RIP steem power holders.

http://thestringpuller.com/2016/07/a-steeming-bubble/

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While I don't agree with everything you've covered here, it's great to read something other than golden praise for steemit. Only time will tell...

How high do you think they will take the price of steem before they completely cash out would like to know your thoughts

i dont know but what iknow i that hey power down so they can cash out, its a scam that teemit thing, besides pretty much everything in crypto is a pump and dump and mostly just scam


Im glad i didn't power up all my steem, Thanks for sharing this...

Hi! This post has a Flesch-Kincaid grade level of 10.7 and reading ease of 75%. This puts the writing level on par with Michael Crichton and Mitt Romney.