Hi everybody
I am new to steemit and joined after hearing about it last week. At first i was not able to come to grasp with the manner in which reward system works here, since it is quite different from Bitcoin. Cryptocurrency are based on blockchain and is primarily used for securing the transactions using decentralised mining. However, steemit seems like a platform that is targeting a much larger audience and combines social networking as a means to trigger the transactions. Its also quite great to see rewards granted for good contents, unlike other platforms and "upvote" is analogous to "like". This has potential of converting the time an individual spends on internet in generating value for contents.
I don't know how are joining individuals authenticated on steemit (manual or automated). But if there is some kind of manner to reduce use of bots (i hope it is minimal here) by building a robust signing mechanism (using AI/ML) and increase the user base. Steemit is a unique combination of cryptocurrency and social media, one is emerging and other is a pro and governed by blockchain.
I hope it will grow in the future and at same time increase revenue for the mass. Happy Steemitting!!!
