Yep, as long as steemit remains close-sourced how can it be trusted. They say they operate on the blockchain and there is no way to prove that, for all we know it runs on a centralized server. Funny how they named it "Steemit" like maybe it's a big joke (Steam = Vapor = Vaporware??) . I don't trust this and neither should anyone, but I'm giving it a try anyway just for the fuck of it
RE: Why Steemit isn't Ponzi scheme. [3 minutes read]