Good News Fellow Steemers,

Steemit is NOT a Ponzi Scheme!!

Today I tested the whole withdrawal system from start to finish! Everything works perfectly! I can say that Steemit is not a Ponzi scheme!! What Ponzi scheme do you know of that you invest zero dollars and pull money out in a matter of minutes? I was surprised at how quickly and painless withdrawals can be. This is amazing!!

What is a "Ponzi Scheme"

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Eventually, there isn't enough money to go around and the scheme collapses.

This is a screenshot of my test withdrawal on Steemit. My subsequent conversion to BTC on Poloniex went quick and smooth. Round trip, everything took about 10 minutes to go from Steemit to Poloniex to my Bitcoin Wallet.

Here are the instructions I used written by pcste:
TOTAL CRYPTO NEWBIE GUIDE How to turn your STEEM into BTC (bitcoin) and fiat (cash)

I just want to be clear here... So far, I've invested none of my own money. I've put zero Dollars in. I've put zero Bitcoin in. Money is flowing out of Steemit to me!! I know of no Ponzi Scheme that works this way. This is good news for all of us. Tell the World!

Steem on fellow Steemers!!

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Sincerely,

Michael Matthews
^{Follow me on Twitter}