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RE: Steem is a Ponzi Scheme.. Check it out
However they have given away free steem power with no need to invest more if you don't want to. If you could immediately power down people would simply join and take the money. Steemit is trying something different without being driven by intrusive ads like Facebook and YouTube are. It's quite unlikely that everyone would try to pull their money out at once.
I guess it is hard for some ppl to accept that steem has that much Value, that it doesn't matter to the users because they are on this chain for the long hole. but you should read well what you getting into is what I got from this.
That is true, I think they should have 2x, so that people just invest what they have given to them for free. 10x seems excessive.. but I guess you are right.
Most people who have hit 10x the original free steem power given tend to stay with the platform so it is an effort to retain it's user base. By having steem power converted to steem slowly it keeps large sums of money from leaving the pool quickly. It's the first of it's kind and you have nothing to lose unless you choose to invest money to make a bigger impact on posts. It's at least offering rewards that sites like Reddit and Facebook don't. They keep all the money generated by users content.