That is the very definition of a Ponzi scheme . . . The first have the advantage . . . they gained the most Steem at the lowest price . . . now they use it to advantage themselves, with upvotes and downvoting others. I was trying not to point out the similarities of Steem.it with Bitconnect . . . but, now, here we are.
RE: For everyone still confused about how steemit generates value - Is it a ponzi scheme?