RE: Why are Ignorant people Calling Steem & Bitcoin A Ponzi Scheme

[fitinfun]

I'm new to this whole topic and never paid any attention to crypto before getting to steemit.

Can you tell me what generates the value of steem? Is is investors who convert fiat into it or something else? Thanks for any explanation.

I do understand ponzi schemes and see the differences you point out.

Comments

[charles1]

Welcome. All depends on steem ecosystem which was highlighted in this post. Read about it

[fitinfun]

Thank you for the welcome and the tip. Learning steemit is a daunting task :) I'm trying a new strategy today >>> asking @helpbot for help.

1. Can you explain the "steem ecosystem" and how to understand it for someone who has never been involved in crypto before?

and

1. Can you explain how changes to the steem ecosystem creates or destroy the value of steem?

Please let me know if two questions should be on two comments :) Many thanks for your help helpbot.

[charles1]

that will be long to explain , and will be a topic for another post

[fitinfun]

I will look out for that. Such alearning curve here!

[charles1]

Great

[helpbot]

for help.

1. Can you explain the "steem ecosystem" and how to understand it for someone who has never been involved in crypto before?

   ---

   I am still learning and have no automatic response to your inquiry yet.
   This question has been added to the @helpbot comment trail.
   If you happen to know the answer to this question reply to this comment with it.
   FYI Correct & accruate answers are rewarded! ;)
   Learn more about the helpbot...