Let's I tell you about steemit w
ith the advent of facebook, the idea of social media as we know it today was born, now over a decade later this frontier, some would argue, is losing its novelty. This post explores some exciting innovation in the realm of social media, where users are monetarily incentivized to engage with the site and its users powered by blockchain technology.
Yes, users get paid to post in a currency known as Steem, which can be cashed out or reinvested in the form of Steem Power or Steem Dollars. Although Steem is similar to Bitcoin in that it is also a cryptocurrency, the primary method of earning money is not mining, which is dictated by the amount of computing power you have, but rather engaging with the community through producing and/or supplying content.
Is this the future of social media? Want to know more before jumping in a posting? Or is it the novel application of blockchain technology that has piqued your interest? Either way, let’s jump into a brief overview of steemit and its social networking site, steemit.com. Links to other, more in-depth, resources will be provided if you’re interested in learning more.