Steem has seen unbelievable success in very short period of time.
Petar Zivkovski director of operations for full-service bitcoin trading platform Whaleclub.
"My first impression is that it is a 'pump and dump' crypto where accumulators (founders, early adopters) will be looking to cash out on a major pump in price (distribution) Whether it survives longer term remains to be proven."
Kong Gao overseas marketing manager for bitcoin trader Richfund.
"Most of the articles on Steemit are promoting steem, which makes it seem like a variation of a Ponzi [scheme]. Furthermore, it is the same group of people behind Bitshares." As a result, "I don’t think it is sustainable and I don't take it seriously. I've also spoken with a couple of serious altcoin traders in China” and they have their doubts as well.
Jacob Eliosoff
Eliosoff reiterated Gao's point that steem might be a Ponzi scheme, predicting that the digital currency "will grow and grow until there are no fresh users to suck in and then quickly collapse," a situation he described as being "the Ponzi way.".
Ryan X. Charles is a cryptocurrency engineer who has also worked with Reddit.
Ryan says 'STEEM CANT LAST'.
By reading the above statements i was bit worried so i need your opinion if they are correct or not. Leave your opinion by replying your mind.