Is Steemit a scam?

It’s hard to call it a blatant scam but it’s really a classic pyramid scheme, where the founders and very early adopters are making A LOT of money and the opportunity prospects for everyone else are inflated by perverse financial incentives.

Follow me @JROSELAND on Steemit

Steemit

I really put a lot of time into crafting a compelling, fun, and informative #introducingyourself article and… It made a grand total of $17 which was later reduced to $12. I also recorded this fun intro video for DTube, which DTube just didn’t seem real interested in…

Watch: Applied Neuroscience Strategist, World Traveler, Thinker & Smart Drug Dealer [BANNED from Youtube]
  • They lack any semblance of proper citations, references, or quotations. This is especially offensive in health and science articles.
  • They are short. Lacking in depth, detail, and nuance.
  • The articles are just lazily and poorly written, likely by an outsourced writer in the Philippines or Bangladesh that makes $3/hour

D.Tube

This Youtube alternative makes a pretty good first impression. Distributing video on a blockchain is an interesting solution to Youtube’s censorship issues that have enraged so many, but there are some serious downsides to D.Tube to be considered…

Is Steemit a SCAM?

It’s hard to call it a blatant scam but it’s really a classic pyramid scheme, where the founders and very early adopters are making A LOT of money and the opportunity prospects for everyone else are inflated by perverse financial incentives. If you’ve got a lot of Bitcoin that you’re willing to convert it over and invest it in Steem and you’re willing to spend a lot of time gaming their system, it’s probably a decent business opportunity. But it’s really a waste of time if you’re a writer, creative, or a researcher.

Can Minds.com realize the potential of free speech supercharged by cryptocurrency?

Constructive feedback

  • Minds clearly has better technology and UI. I especially like the Medium-like blogging function here — although it has intermittent issues saving articles.
  • It’s smartphone apps work pretty well.
  • Minds.com badly needs a night mode function to save my poor eyes from the glowing white screen.
  • The video function on Minds are still pretty weak. It looks like they are going the distributed route like D.Tube. The video UI looks like it belongs in a 1990’s website. It’s a long ways away from being an alternative to Youtube! I can’t even embed a Minds video in a Minds blog.

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Adventuring philosopher, Pompous pontificator, Writer, K-Selected Biohacker, Tantric husband, Raconteur & Smart Drug Dealer 🇺🇸

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Jonathan Roseland

Adventuring philosopher, Pompous pontificator, Writer, K-Selected Biohacker, Tantric husband, Raconteur & Smart Drug Dealer 🇺🇸