I've Decided to Power Down and Leave Steemit
After being on @Steemit for a few months, I have went from an account of $0 to spending $600 on @steem . . . I used that to power up, and now it's worth a lame ass $289. WTF So @Steem is not for you to make money, @steem is set up so the @whales on other users who have several accounts to fuck others over and take their money.
People on @steem are making bank from some of the lamest fucking posts. But people who are putting real content out are not getting shit but an account value to that drops drastically every day.
Where on Youtube the company is making all of the money, at least users know where they stand. Here on @steemit the users who have figured out how to scam the system are the ones that are making the money, while others work their asses off to try and make a buck.
@steemit is nothing but a scam if you didn't get into it and make SEVERAL accounts to get FREE @steem from the beginning.
Best bet is to wait for the next thing to come out. @Steemit is just the first, that means another platform that exposes @steemits weaknesses will be one that rise to the top.
It sucks that every thing cryptocurrency related is being taken over by scammers now a days.
I was thinking of buying some Steem myself and powering up as it seems like that is the only way to get noticed and upvoted, but decided against it.
I agree with most of your points. I think the idea of Steemit is great, but until they employ some kind of quality filter you are going to see some of the great content written my minnows go under the radar and not be rewarded. At the same time you are going to see really lazy, one sentence posts or unfunny memes being heavily rewarded just because they are written by whales.
The idea of multiple accounts where whales delegate their SP to another of their accounts and then upvote their original account also needs to be addressed. That should be easily fixed because you can see where people have been sending SP to their multiple accounts and then upvoting their original account from these multiple accounts and making a shit load of money by curation.
@gingerjack I love the idea of the platform too. I make @youtube videos everyday, and most of those days I put the content here on @steemit as well. I was getting more views from Youtube, when I had no subscribers then I am on @steemit with 40 subs.
Yes the idea is good, but when I spend over $500 for SP and less then a month later is worth less then $250, it just shows that this platform is not for new people to make money, it's for new people to bring in new money for the @whales to be able to make it.
Plus they get all of the new coins that are "minted/mined" everyday, not letting any of the newbies get anything. Again it's a great idea for a platform, but they haven't fixed all of the issues. Just a couple of months ago the whole platform almost when down because it was even worse. They did something to "even out the play" a bit, but there's still so much power in the hands of the @whales that to make the changes needed to make it a worth platform would mean they would have to fork the coin and launch a whole new platform.
But until it gets big enough to capture enough attention, I don't know if there will be a competitor.
Wow! I thought something was fishy with @steemit I notice that you're a level 32, but you're not making any money on your posts?? Why is this? I see many people who are level 25 and they're making $200, $300 even $400 or more per post. Why are you not making any money?
I've worked my ass off to get to level 32. I don't know why I'm not making money. I do know why the level 25's you are seeing are making money. Because when @steemit first started @steemians would get 7 @steem coins FREE for signing up. There is a video out by a popular @steemian and in the video he explains to one of his friends, how you have to have a phone number for your @steem account, he said just to pay $15 for a new sim card, and you can make another @steemit account, and the FREE 7 @steem tokens are worth more then the $15 for a new sim card.
So when starting out, many many many people made several @steemit accounts, and now they only upvote their own posts, and their own accounts, then they will work with other @steemwhales so they can basically run the platform. They have all the power to vote, and they have all the power to make something trending. So if you're not sucking their dicks, they won't do shit for you.
Basically they take the lower accounts and they boost them up so new people will see low accounts making big money, those people think they have to buy @steem token and power up and upvote others posts, so they do that. Really why they are doing is taking their money and giving it to the @whales then the @whales go and use it to scam more people.
The @steemit platform is so flawed. I wouldn't be surprised if the people that launched it are actually the same people with several different accounts that are running the whole show. It's basically a loop for them to steal your money. Like most cryptocurrency projects are now days.