Many people is wondering why some account on Steemit has more than one million Steem Power, while we just start with ten.
Will it be possible for a user registering today, or the next year, to reach 1 million Steem Power ?
If it is not possible, this would sound pretty unfair for a service that aspires to revolution the social networks and the world economy.
As a poker player, I would prefer sit in a game where my opponent is likely to be a tougher player than me. Because I know this is the only way to improve my game, and to get precious information about the best players in my game.
Also if the founders of Steemit have reserved for themselves a big part of the cake, we can be optimistic about the future, because if they try to transform this site in a speculation, they will just sit with a ton of Steem in their hands... but Steem will be worth nothing!
this is how a Ponzi scheme works:
A guy, let's call him Bob Ponzi, offer the chance to make a very interesting investment, offering a very big interest rate. For example 6% every month. People start investing small amounts of money, and Ponzi repays their investment. As the market start believing in this investment, people start committing an exponential amount of money. Mr Ponzi pays the interest with the money of new subscribers. At a certain point, he runs away with the money.
Why Steemit isn't a Ponzi Scheme ?
it's simple:
because doing a similar thing with Steem would just decrease the value of Steem. So mr Ponsteem... would millions of a currency worth just nothing!!!
For sure the reward system will need some fix to avoid that only the most powerful accounts control all the system.