As a response to the recent "launch" of Steem Cash I just have to write down a few thoughts. I realise these will probably get downvoted for no other reason than people disagreeing with me. But I can't keep quiet.
It all started with me calling a SCAM ALERT two days ago:
https://steemit.com/scam/@r4fken/warning-scammer-on-steemit-steem-cash-is-the-latest-project-of-a-known-con-man
No need to say, this caused some angry replies.
What do we discover on Steemit today? This:
https://steemit.com/steemit/@michaelx/help-us-launch-the-first-steemit-marketing-initiative-that-pays-you-to-refer
If you took the effort to read the excessively long text, you now have an idea of what concept we're dealing with here. I'll just skip to the point:
Why is this bad?
It undermines the brand "Steemit" and "Steem" by associating it with an amateurish moneygrabbing scheme at best. See, I didn't even call it a scam!
The fact that a bunch of devs and long-term stakeholders (whales) are upvoting and even publicly defending these guys, makes the entire management team look like nothing more than short-term moneygrabbers who don't care about the brand Steemit in the long term.
For those not convinced by my earlier posts about this horrible enterprise, I hope I've given enough motivation to do your own research. Try it out! Be an "affiliate"! Tell us what happens inside the moneygrabbing machine!
Other things to note:
- The scheme pays out via paypal instead of Steem or Steemdollars. Lack of trust in your own platform?
- The main organisers are
,
and a few alt accounts used for voting.
- The main supporters are
,
and
. Our man
downvoted this post...
- Read the announcement post and be honest: does this sound like we want Steemit to sound? As a brand?
Feedback welcome, as always. Especially