IS STEEMIT A SCAM? by chaching

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· @chaching ·
IS STEEMIT A SCAM?
A friend showed me this video after I talked to her about Steem.
https://youtu.be/OoB2PKYbu4Q
After watching it, I am having second thoughts about STEEM CASH.
Anybody else having that feeling?
đź‘Ť  , , ,
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@karenmckersie ·
Its a free place to blog ! And possibly make money. You have 0 chance to make anything and blog anywhere else! This is a forum for writing. And reading and comenting on posts, your not expected to hit it rich!
đź‘Ť  , , , ,
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@chaching ·
I do not know how you got into Steemit but this is the first line on their sales page: Looking To Make Some Quick Cash?: Well, You’re In Luck Because The Struggle To Find The Perfect “Cash Cow” Is Finally OVER…
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@chaching ·
MORE:

From: Michael X
Re: Missed Opportunities…Or Not!
Thursday, 12:03 pm

Dear Savvy Opportunity Seeker, 

“The Early Bird Gets The Worm.”

Cliché, yes…but true. Let me explain:

I want to show you a simple, yet effective, “quick cash opportunity” that you can use to immediately generate cash for yourself with no risk.

Now, I know a lot of people make that claim and I’m sure you’re a little bit skeptical since maybe you’ve looked at, or tried, other opportunities that made big promises but then didn’t deliver. 

Well, stay with me and read every word of this message because I’m sure that once you hear more details, you’ll be convinced that this is an opportunity you won’t want to miss out on.

Trust me when I say that people who don’t take action on this opportunity will be kicking themselves later for not getting involved now…it’s THAT good!

Everybody’s Too Busy Complaining About The Economy…
But Finally Here’s A Chance To PROFIT From It! 

More details in a minute but first we have to take a look at the “here and now”…

As you know, this so-called “new economy” has most of us scrambling financially – jobs just don’t pay what they used to and getting a raise is nearly impossible.

Unfortunately, our good ol’ dollar continues to decline in value and now with the added burden of increased health benefit costs, we’re all looking at actually making less money this next year!

I mean, think about it: every time you turn on the news there’s some “talking head” talking about the decline of the US dollar, the economy is in shambles, and people cannot find jobs. And people’s pocketbooks are getting hurt thanks to the increase in food, gas and everyday living expenses. 

It’s practically become mandatory to have a second source of income just to make ends meet.

But that’s why you need to hear the really good news in this message.

Don’t worry…I’m not going to be too “over the top” with you and make it all seem like there’s no work involved…there’s always hard work with any new venture. But I will go out on a limb and say that this is the closest thing to an “easy button” that I have ever found and I’ve been involved in many different ventures throughout the years.

I’ve been very fortunate to get in on the “ground floor” of some great opportunities and this is absolutely one of the best and I can’t wait to share it with you.

Once you see how to take advantage of this new trend and how quickly the cash can start coming in, it will be a “no-brainer” for you to get involved.
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@chaching ·
AND MORE:

There are only a few people that know about it out there right now, which means you won’t have very many competitors! But this could change as the platform becomes more popular, which is why it’s critical you get in now!

Others don’t know about Steem Cash yet. Of those that do, many are just hanging out posting random stuff…they’re also interested in voting, commenting on other people content - so you’ll have instant engagement!

You don’t want to miss the chance to get in on this now, working only the hours you want to work and having the extra income to really enjoy life. Don’t be one of those people who will kick themselves later for not getting in on this when they had the chance.

Everyone knows that the people who get involved in business opportunities early make the most money – before others join and the competition gets tougher.

Now is the time to take action and ride the Steem Cash wave while it’s fresh, new, and extremely profitable.
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@steem-engine ·
Good video - thanks
Obviously steemit isn't asking for a penny so where's the scam in that.  Just post high quality, value adding content and see what happens........ that's my advice.
đź‘Ť  ,
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@chaching ·
Thanks for the advice bro.
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@etcmike ·
I watched the video.  Steemit does not fit in my opinion.  Steemit specifically has features built into it that do not promise riches overnight.   For example, even if you are very successful with a post, it takes a week to transfer the steem dollars to steem and weekly payments over two years to convert your Steem Power to steem.  Steem is then traded on the open market with no certainty of price (i.e., price goes up and down with the market for steem).  Again, no promises of overnight riches.  This is spelled out in the steemit white paper.
Upfront to be successful on steemit means work with no certainty or hype of success.  Steemit is asking and rewarding users who build a community of content and that content is in many respects the currency of steemit.
Yes, it does seem like a few posts hit the lottery from time to time.  But watching and listening to those who are successful without hitting the rewards lottery, there is work involved and the rewards are measured in single and double digit dollars the majority of the time.
Steemit also has transparency.  You can see who is successful and what posts are successful by using the various steem tools.

Having said that, I have been burnt by one BTC mining scam already.  That is why I never invest more than I can afford to lose overnight.

In all of life you live and learn.  My advice is never to stop living and never to stop learning.  If your gut indicates something is wrong, then maybe it is not for you.  Everyone has instincts for a reason.

Steem on,
Mike
đź‘Ť  
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@martinwilson20 ·
I would say it's a scam if new users had to pay a fee to sign up
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@chaching ·
I paid $9.
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@theoretical ·
Let's ask the blockchain.

    >>> get_account_history chaching 0 0
    #     BLOCK #    TRX ID          OPERATION            DETAILS                                           
    -------------------------------------------------------------------------------
    0     3913394    0eaf6c4ecef6ee17e8e5b0b43773f4f1c1f8ced6 account_create       {"fee":"3.000 STEEM","creator":"steem","new_account_name":"chaching",...}

According to the blockchain, your account was created by the steemit.com faucet (aka @steem). Most user accounts are created by @steem.

The Wallet tab of your account is empty, except for 3.079 STEEM Power.

There's no record of any such payment anywhere in your account activity. Can you give some more details about this $9 payment -- what webpage instructed you to pay $9, and how did you actually make the payment (Steem, bitcoins, credit card, etc.)?

You can email contact *at sign* steemit.com if you don't want to discuss this publicly.
đź‘Ť  
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@michaelx ·
$0.03
You paid $9 for training and mentoring and the rest.  You did not pay $9 for a steemit account, that is 100% clear to anyone caring to actually read what they buy before during and after.
đź‘Ť  
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@theoretical ·
- At the blockchain level, there is a fee for creating a new account.
- That fee is currently 3 STEEM.
- The steemit.com website pays the registration fee for most users. In practice, the fee only applies to experts who create an account by interfacing directly with the blockchain.
- The fee is retained by the newly created account as its initial Steem Power balance.

Some questions for you to consider:

- Is it a scam if new users are paid to sign up?
- How do you keep an abuser from registering a million accounts without a fee? We can't do what most other sites do (e.g. rate limiting new account creation per IP address, email verification, CAPTCHA) because those techniques can't be done on a blockchain.

We've tried *very hard* to minimize the number of fees in the system.
đź‘Ť  
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@macksby ·
Holy Crap -- I remember getting emails from the guy in the video Joe Vitale years ago... I had no idea he went to jail. All you can do is your "due diligence" before jumping into anything. Thanks for the post and video!
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@chaching ·
You are welcome.
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@theoretical ·
$0.23
"STEEM CASH" is not a name that's ever been used by anyone at Steemit. A quick Google search reveals pages like [1], and [someone else's post](/steemit/@achim86/steem-cash-review) about this -- one of the commenters says this Steem Cash guy's a known scammer.

What I can say for certain: He isn't affiliated with us, his product doesn't look reputable [2], and I'm going to refer this to @ned to see if we can shut this guy down.

[1] steemcash dot com slash page9408963 -- I'm not linking because I don't want to give them Google juice.

[2] My personal opinion based on a few minutes' study of [1] and the linked post.
đź‘Ť  ,
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vote details (2)
@chaching ·
Thanks @theoretical. While going through all the responses this post got, I found a post made by @marklyford: https://steemit.com/introduceyourself/@marklyford/the-truth-about-mark-lyford-and-banx, explaining what steem cash is all about. 

I made this post because I did not understand the difference between the steemit service and "Steem Cash". For that, I am sincerely sorry. 

Now that I get it, I am going to be making more valuable posts from now on. 

Full STEEM ahead Steemians.
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@wakeupnd ·
Look in your wallet. How many scams do you see? 

The only investment you put in steam is your time. What is your opportunity cost, a  few less hours of video games or tv? If so, I'd say you came out ahead.
đź‘Ť  
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