Just the basic FAQs, can you show me where it hurts (can you guess the lyric?)
steemit·@steevc·
0.000 HBDJust the basic FAQs, can you show me where it hurts (can you guess the lyric?)
<html> <p>I see a lot of posts complaining about the state of Steemit, e.g. "the founders have all the Steem" and "why are the biggest accounts powering down?". Well, they are actually pretty up-front about this. I recommend reading the <a href="https://steemit.com/faq.html">FAQ</a> (linked from the 'hamburger' menu in top right of the screen). Some selected quotes:</p> <p>1. Is Steemit a scam?</p> <blockquote> Steemit is not a scam. A scam begins with you having to give money to someone else. </blockquote> <p>2. They accept that they have a lot of Steem. If you look at the @steemit account it is sending a lot to @steemit2 which passes it to users working on the project:</p> <blockquote> The founders of Steemit currently own about half of the Steem supply. They are publicly committed to reducing their percentage ownership by distributing Steemit’s digital points as means for covering costs of scaling, operations and signing new users up the platform. </blockquote> <p>Also:</p> <blockquote> In regards to founding ownership, Dan and Ned have sold a very small % of their holdings and the <a href="https://steemit.com/@steemit">@steemit</a> account only powers down to prepare for engagements that fund operations, marketing and development. </blockquote> <p>3. They have plans to earn from paid content:</p> <blockquote>Over time, Steemit will allow advertisers and bloggers to promote content by buying and burning Steem. </blockquote> <p>It's worth a read and links to some other good sources of information. I expect the guys will face a lot more questions at <a href="http://steemfest.com/">Steemfest</a>. I wish I could be there.</p> <p><img src="https://steevc.keybase.pub/steemit/steevc.png" width="200" height="200"/></p> </html>
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