before, i found the article about steemit with the title : The Ugly Truth Behind Steemit
posted by : block by block
https://medium.com/@BlockByBlock/the-ugly-truth-behind-steemit-1a525f5e156#.4q68x4w6v
already reposted by 
https://steemit.com/steemit/@thebeachedwhale/the-ugly-truth-behind-steemit-or-not-debunking-the-myths
@ ripper234
https://steemit.com/steemit/@ripper234/the-ugly-truth-behind-steemit
https://steemit.com/steemit/@ihatelife/the-ugly-truth-behind-steemit
and much more..
is STEEMIT a ponzi?
here is good explanation about that.
https://steemit.com/steemit/@afilja/is-steemit-a-ponzi-lets-investigate
https://steemit.com/news/@corintxt/my-investigation-into-steemit-for-vice-motherboard
1 of XX: So finally reading #steemit WhitePaper, pg1 already has a major flaw but will persevere! #bitcoin #steem
tweet : https://twitter.com/Tone_LLT/status/755240726385000450
2 of XX: #Holly #Mother of #Blockchain #Jesus 1st pg of content in #steemit WP did not disappoint #bitcoin #steem
tweet : https://twitter.com/Tone_LLT/status/755262715900207104
3 of XX: I'm back & will rip apart every 'ridiculous' phrase in the ScamPost you call a WhitePaper #steemit / #steem
tweet : https://twitter.com/Tone_LLT/status/759204619830583297
4 of XX: So #Steemit/#Steem explains why u'r content is 'worthless' to each individual reader yet u deserve more $$$
tweet : https://twitter.com/Tone_LLT/status/759214676551012356
5 of XX: Think of it as a peer review that breaks down the bullshit of every out of place word #steem/#Steemit
tweet : https://twitter.com/Tone_LLT/status/759228086571372546
6 of XX: #Steem/#Steemit will only 2x your coins if you Don't hold them, unlike #onecoin, & "less than 10 day txns"
tweet : https://twitter.com/Tone_LLT/status/759457091283193856
7 of XX: I'm starting to understand the types of #steem on #steemit. It's 100% Ponzi, but do they know it? #bitcoin
tweet : https://twitter.com/Tone_LLT/status/759484935921082368
8 of XX: It's affirmative, description of #Steemit's #Steem Dollars (SMD) is the re-incarnation of #Paycoin, #sweet
tweet : https://twitter.com/Tone_LLT/status/759493552757964800
9 of XX: So #steemit is: #STEEM=.19%/d fee #SteemPower(SP)=100% yr gain Ponzi w/ 2yr lock SteemDollars(SMD)=#Paycoin
tweet : https://twitter.com/Tone_LLT/status/759496762306486272
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for more info or want to update investigating, you can visit to him twitter.
https://twitter.com/Tone_LLT
disclaimer : i am not affiliate with him, i just repost the opinion or investigating from him.
i think this is important for all !!
@ihatelife