Daniel Imbellino, IT Specialist
Answered Jul 25, 2016
Steemit is another TSU, it wont last. Only a handful of Steemit users actually earn anything. If it sounds to good to be true, it probably is. People are flocking there right now in hopes of making a fast buck, but very few earn much of anything. For every post that earns $5.00, there’s 3,000 more posts than earn 5 cents or less. Just look at the profiles.When you first enter the site, they make it appear as if it were a gold mine by throwing the top earning posts in your face. Notice there isnt many of them, just what’s shown on the front page. Scroll down and everyone’s earnings drop to nothing.To make matters worse, the platform can’t seem to explain how and where it earns it revenue, other than investments in Steem currency, which is essentially gambling. They have no viable revenue model, and the money they paid out so far came directly from investors. Their money is running out.
https://www.quora.com/Can-Reddit-survive-while-Steemit-com-is-there
