This is a word cloud generated from the entire Steem white paper. (Created at wordcloud.com) I thought it would be fun to see what would come from a quick peek. There are some words here that are pretty clear. Anything jump out at you?
First 2 Paragraphs of the Steem White Paper Introduction:
Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media companies, such as Reddit, Facebook, and Twitter. In 2014, Reddit hypothesized that its platform would be improved if everyone who contributed to reddit.com by posting stories, adding comments or voting were rewarded with a fair share in Reddit, Inc . Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions by rewarding them with cryptocurrency, and through this process create a currency that is able to reach a broad market, including people who have yet to participate in any cryptocurrency economy
There are some key principles that have been used to guide the design of Steem. The most important principle is that everyone who contributes to a venture should receive pro-rata ownership, payment or debt from the venture. This principle is the same principle that is applied to all startups as they allocate shares at founding and during subsequent funding rounds.
want to see more? follow the link:
https://steem.io/SteemWhitePaper.pdf
Hey, give it a read! (hint, hint)
Have you ever read the entire White Paper? What are your thoughts on the White Paper? Let's talk about it.