Eliosoff reiterated Gao's point that steem might be a Ponzi scheme, predicting that the digital currency "will grow and grow until there are no fresh users to suck in and then quickly collapse," a situation he described as being "the Ponzi way."

I enjoy Bitcoin fans saying this^ while BTC needs 1M USD of fresh capital per day in order to survive (that's the current daily payout for miners). And it has survived for over 8 years. Why can't they comprehend Steem can survive in the same way? It's quite amazing how close-minded those "experts" are.