1st Week of August: After being critical of steemit for a few weeks, there was interest for a debate with those that think Steemit is a good idea.
It started with Blake Miles who is an author on Steemit. I initially did not want to to debate him because I knew he would get offended and he certainly did when I said the following two things:
A. I questioned his ability to asses the claim that we are looking at a Blockchain
B. If my position is that Steemit is a Scam/Ponzi, than he himself is ether a scammer, being scammed, or both. I chose what I thought was the least offensive (being scammed) and he took great offense to that.
Here is the video so you be the judge, as with all my prior comments on steem, several factual mistakes were made by me and now that I’m more informed from having finished the White Paper, it is way worse of a Scam then originally imagined.
NOTE: This video posted on Steemit and I believe it made about $6,000 worth of Steem in 24 ours. Half of that was up for withdrawal, so Thomas and Blake split the ~$3k, I did not take any of the money.
About a week later, I was asked to talk about Steemit once again on the video blog “Blocktalk”. It wasn’t as much of a debate though the host does seem to view Steem in a positive light. He also had the founders of Steemit on his show a few weeks prior and seemed impressed with what they built. Again you be the judge.
NOTE: A full write up of my opinion over the Steemit White Paper is coming soon.