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RE: why i think steemit is a scam
it is a testament to lazy thinking and poor planning.
I'm here for thesame reason everybody esle is. But I do not expect this scheme to be self-sustaining. The originators may be fantastic code writers and good guys, but are certainly not economic geniuses.
The payouts will one day amount to only pennies for each, at which time the most active members will be pulling in maybe $50 a month at best.
I agree with that part lol that if this were the size of "reddit" the $27k or w/e that is distributed daily would not be much haha. But still could be a novel community, and maybe they can implement other sources or revenue and do ads like reddit. So that more users can get paid if it gets to that point.