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RE: Steem Price is being pushed down by 1 person! Speculation on why and where it may end up

in #steemit8 years ago

at what point have you been told you need to recruit people in order to earn money here? the site offers investments and a service (in much the same way as you tube does, by the way the vast majority of people posting to you tube are making very little as you need roughly 1000 veiws to make $1 )

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And you can't make even that much if you are in some of the countries. Right now you can't make money on youtube if you are in Russia. Perhaps some day it will change, but that day is yet to come.

So far there is a big difference between youtube and steemit payments: youtube pays from successful sale of advertizing, steemit payments are provided only with sales of steem themselves. It is a pyramid scheme.

It is a pyramid scheme.

And so is every other crypto-currency out there. If you reach this conclusion regarding Steem, please be consistent and apply it to Bitcoin & Ethereum as well - all of them cover their expenses by "selling themselves".