Steemit

Bitcoin has really gotten a train rolling in the past year. When it first started to rise people thought that it couldn’t get any higher and here we are with bitcoin being worth over 20,000$ at some point.

I never really had the time to look into how a blockchain works and what classifies a crypto currency, but recently I watched a video on it and it seems like anything can be turned into a blockchain and that’s what steemit made use of.

Steemit offers a platform for blogging and uploading videos, all within a blockchain. It also doesn’t use ads to pay creators but rather the feedback of other users. That means if you upvote a video or give it a comment the creator gets paid for that. The users are paid the same way. The more they interact and give feedback the more they get paid. A user that is very active and posts comments that get upvoted has a higher steemit-power. That means that if that user upvotes a video the creator gets more money, because the platform trusts this user to know which content is good.

This seems like great way to encourage users and content creators, since it makes people create actual good content instead of sensational clickbait. So from now on I’ll post things here and on my steemit blog. We’ll see, maybe this wordpress page will become deprecated at some point.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s