This video explains precisely and clearly why Steemit is not a scam, scheme, or fraud as so many naysayers and skeptics have been claiming.
In the video is showed brief overview of Steemit, explained proof of stake versus delegated proof of stake, mining and why the former is associated with scam coins. It's explained how Steemit is not categorically the same thing as a pyramid or Ponzi scheme. it's also briefly touch on the question of whether Steemit is sustainable, as well as clarified the intentions of its creators, Ned and Dan.
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