What is Steemit? Steemit came off as the offspring between a Reddit user and Bitcoin-holic. It combined the very needs of posting, commenting and reviewing blogs posted by individuals around the globe while also developing STEEM dollars as you blog away. For each post you write you get voted on with likes or dislikes from random viewers. This could mean a huge payout of 300,000 plus STEEM dollars or as sparse at 0.01 STEEM. This all comes together based on the blog you write and the way you present yourself (hinting at the surge in Nude images being unleased). Once you have accrued some STEEM dollars you can reinvest in the company for 2 year lock down (or somewhere in that region) where you will earn interest based on its crypto stock or you can go through crypto exchanges to get real US dollars. The choice is the individual but the expected pay off my not all be there.
My Opinion of the whole idea is split between the idea of, “Wow this is cool and trendy”, to, “Wow I’ve already lost interest in 30 minutes”. I am not a huge blogger or reblogger, and by huge I mean non existent, but overall in the Crypto/Blogger area I was amused by the whole frame work of getting crypto currencies through blogging. However, I did not like how feeds seemed to be repetitive with the same themes of Nudes/Attractive pictures of people, Wow STEEM, and other various exhausting blogs. Maybe just because it was new, it seemed that way and maybe only time can tell if it will become the next Reedit website. For now, I will still use it sparsely, but will encourage others to defiantly look into it and to try and expand past the exhausting posts of “Oooo a naked Steem”
In the Future, I expect the Steemit community to expand as any social website has into a sort of boom and bust cycle, become famous in a short time period, its IPO phase, and then settling down into a normal average usage. Until they come out with innovative updates or is being bought/traded/ Sold by other companies, which boosts it up again. Steemit reminds me much of the Reedit website with exceptions of course and with the incentive to blog for a more viable reward that makes Bing Rewards roll over in its self created death hole. All in all I expect to hear more and more about this website as I continue my college career and education in the Finance realm.
After all it is still in the beta! Best of luck Steemit!