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Author Topic: Explained: What is Steemit?  (Read 14964 times)

crypto101

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Explained: What is Steemit?
« on: April 23, 2019, 07:55:21 AM »


Steemit is a blockchain-based blogging social media website  platform where everyone gets paid to post online, has been released in beta, and is owned by Steemit Inc., a privately held company based in New York City and a headquarters in Virginia.

HISTORY OF STEEMIT
Steemit is a relatively company, founded by Ned Scott and blockchain developer Dan Larimer ,
Ned Scott earlier worked for Gellert Global Group, a family-owned private equity group which holds many North American food companies. Daniel Larimer is the founder of Bitshares, which has the 11th largest market capitalization amongst all cryptocurrencies.

CONCEPT
Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who share there articles, upload images,  commentary, etc. Other ways users can get paid is through sourcing and up-voting popular content. The earlier a person up-votes a post that becomes popular, the more is the reward. Users are paid half in 'Steem Power' (a vesting currency) and half in Steem Dollars, which can be exchanged for US Dollars.

Source:
WIKI and Steemit @panenka
« Last Edit: April 23, 2019, 08:58:01 AM by crypto101 »
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Explained: What is Steemit?
« on: April 23, 2019, 07:55:21 AM »


moonuranus

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Re: Explained: What is Steemit?
« Reply #1 on: April 25, 2019, 05:10:09 AM »
Steemit made a great concept of blogging, a lot of content writer had the choice to monetize their experiences and ideas with the help of it. Thanks for sharing.

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Re: Explained: What is Steemit?
« Reply #1 on: April 25, 2019, 05:10:09 AM »
:)

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Re: Explained: What is Steemit?
« Reply #2 on: April 28, 2019, 09:10:46 AM »
-
Wow, I just found out that Steemit's history is like what you mentioned and I'm amazed at the progress of Steemit.
Now Stteem has become a token that many are interested in in various markets and I'm sure Steem will have a positive effect on its price in the future.
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Re: Explained: What is Steemit?
« Reply #3 on: May 09, 2019, 04:15:44 PM »
Yeah, Steemit helps us to know about what is happening on blockchain right now , and also, let us know to see the different projects and the uniqueness of it.
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Re: Explained: What is Steemit?
« Reply #4 on: May 27, 2019, 06:04:04 PM »
I can see the latest and detailed news posts by the members of the author, when I first visited steemit, a friendly member and immediately became your follower when you became a new member, writing a blog takes a long time and it is very difficult when you want to create a blog or article well and easily understood by everyone.
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Re: Explained: What is Steemit?
« Reply #5 on: December 21, 2019, 04:10:40 PM »
Only the top players can make money from it and rest of like me can't make anything as I see some of comments get money.
Does anybody know why they get money even though it is a small comment?

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« Reply #6 on: December 28, 2019, 01:56:39 AM »
 
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Re: Explained: What is Steemit?
« Reply #7 on: July 06, 2020, 09:48:09 PM »


Steemit is a blockchain-based blogging social media website  platform where everyone gets paid to post online, has been released in beta, and is owned by Steemit Inc., a privately held company based in New York City and a headquarters in Virginia.

HISTORY OF STEEMIT
Steemit is a relatively company, founded by Ned Scott and blockchain developer Dan Larimer ,
Ned Scott earlier worked for Gellert Global Group, a family-owned private equity group which holds many North American food companies. Daniel Larimer is the founder of Bitshares, which has the 11th largest market capitalization amongst all cryptocurrencies.

CONCEPT
Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who share there articles, upload images,  commentary, etc. Other ways users can get paid is through sourcing and up-voting popular content. The earlier a person up-votes a post that becomes popular, the more is the reward. Users are paid half in 'Steem Power' (a vesting currency) and half in Steem Dollars, which can be exchanged for US Dollars.

Source:
WIKI and Steemit @panenka
A really interesting platform. I'm still studying it, but I can't figure out who sponsors high-quality content. I can create good content, but who will pay for it and why? What is the motivation of someone who wants to pay?

                   
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