the return of wxzurd a techshaman

hi steemit,

We are now on to a more complex and nuanced analysis. Let's continue with the story of how 'steemit' came about.

Steemit was born in April 2014 as a fork of steemit.com, a Bitcoin/Steemit website created by the founders of this new venture. Steemit allows users to earn rewards by posting content to the network and the developers set a target price for each post – so in a sense, we're earning rewards for writing.

Users can earn steem for posting about anything they want, and posts are made from a variety of content categories, such as business, science, tech, politics, religion, sports, and anything else you can imagine.

In December 2014, after a lot of discussions and debate, the founders decided to create their own coin, called JUMBLR, to enable users to post their posts without a 'tipping' system. At the time, JUMBLR sat at $0.02 USD and had a market capitalistic value of approximately 0.00