#### When I searched "Steemit" last night on Pinterest I found this article titled "The Ugly Truth Behind Steemit" which basically outlines why and how Steemit is a scam coin(ponzi scheme) and if this is not true then I ask dev's to tell me why it isn't true and proof. This post on Pinterest is certainly pretty convincing and a compelling argument that Steemit was designed since its inception to only enrich the lives of all dev's and people high up in the Steemit hierarchy and close friends of dev's, so basically it says that dev's have multiple whale accounts and upvote themselves daily and their friends. It outlines how Steemit is a censorship site that it is the exact opposite of a decentralized social media platform because your votes don't count unless you control a large share of SP. 

#### This is the most convincing argument so far. It also claims that dev's did a hard fork in the beginning of Steemit because an outsider mined the majority of coins overnight and dev's were not happy about it, so they had a redo and took away all his coins. 

<img src="https://www.steemimg.com/images/2016/09/02/IMG_867199309.png" alt="IMG_867199309.png" border="0" />

# You can read the full article [here](https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156#.wmjdz9acd) 

#### If this story is completely fabricated and not true then dev's will respond and show proof, if this story is true then this post will not see the light of day and possibly even receive a lot of downvotes from dev's and @dantheman himself. 

# I don't care if I do get downvoted, I just want to know the truth from dev's. 

Source: https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156#.wmjdz9acd

#ponzi #steemit #steem #developers #pinterest