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RE: Is there an ugly truth behind Steemit? This article tries to make the case:
Yes, I have done plenty of research on this, and likely to still do more. This structure is certainly slighted to the top 100 users. Who are in turn the owners and developers. So they are making $$ for all the work they have put into building this thing. I get that. The pay to post cat is already out of the bag, and its not going back in. Reddit knows it and developers are now looking at trying similar platforms. For Steemit to remain the leader, it soon will have to level out to keep its content providers. Competition is well under way. So my thought is dont give up on Steemit just yet.