For YouTube stars and so-called influencers, posting content to social media websites can be quite lucrative. The rest of us get zilch.
Entrepreneurs Ned Scott and Dan Larimer are looking to change that. The duo co-founded Steemit, a bitcoin-inspired social network that rewards those who sign up with cryptocurrency. By continuously posting pictures, authoring articles, or "upvoting" other people's content, Steemit users can gain “Steem Power” and earn cash.
So far, New York-based Steemit is ahead of other publishing platforms such as Twitter, Medium and Odyssey — none of which pay users for uploading content. Talks have begun at Facebook to allow users to monetize, but they're in the very early stages. Steemit CEO Scott spoke with the New York Business Journal about how he and BitShares founder Larimer stayed ahead of the curve.
Click here for the entire Q&A: http://www.bizjournals.com/newyork/news/2016/05/31/steemit-ceo-get-paid-for-that-social-media-post.html