Why Steemit is not a Scam, Scheme, or Other Kind of Fraud

This is my attempt at explaining precisely and clearly why Steemit is not a scam, scheme, or fraud as so many naysayers and skeptics have been claiming.

In the video, I conduct a brief overview of Steemit, Explain proof of stake versus delegated proof of stake mining, and why the former is associated with scam coins. I explain how Steemit is not categorically the same thing as a pyramid or Ponzi scheme. I also briefly touch on the question of whether Steemit is sustainable, as well as clarify the intentions of its creators, Ned and Dan, as I perceive them.

However, I do not claim to be an expert on Steemit, but I feel like I have a strong grasp of the platform after doing ample research, which I invite all skeptics to do and consider.

My name is Sterlin. Follow me at Hive account@sterlinluxan and Psychologic-Anarchist. I also run the Psychologic-Anarchist Facebook page and produce YouTube videos. My interests lie in the intersection of counseling psychology and anarchism. I write about the depredations of psychiatry, and also the philosophy of compassionate anarchism.