Steemit, the so-called 'incentivized social media platform' has been criticized for various obvious reasons. Some experts are concerned with the technical side of the platform and are suspicious of the financial ponzi-scheme like nature of the network.
One of these experts is Daniel Imbellino, an information technology specialist and the co-founder of Strategic Social Networking, who first approached Steemit and its cryptocurrency STEEM with extra precaution. He simply believed it was too good to be true. Writers of blog posts were getting paid out a range of $1,000 to $7,000 depending on the popularity. As a result, the Steemit platform paid nearly $1.3 million to users on July 4...
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https://btcmanager.com/news/steemit-cri ... e-network/
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