steemit is the best social media, because many who have felt with this application will help the economy of every steemit player, we are very grateful to @Ned Scott and @Dan Larimer and to the creator @BitShares.
because this steemit is a private company headquartered in New York and headquartered in Virginia.
in short case 
Until November 2017, there are more than 450,000 Steem accounts.After a beta release that was not initially paid, hard fork on July 4, 2016, there were approximately $ 1,300,000 STEEM and Steem Dollars paid to Steemit users.
The STEEM exchange rate compared to Bitcoin rose continuously in July 2016, peaking at prices above 4 US dollars.20 July 2016, Steem had the first market capitalization peak of around $ 405 million.On December 16, 2017, its market share was 525 million US dollars.
Steemit is portrayed as a novel and "blockchain-based community-based media annoying" by Adam Hayes (Investopedia) in July 2016. It received widespread attention and media coverage in the cryptocurrency and business media. Author Neil Strauss, a Steemit user, wrote an article for Rolling Stone that calls the distribution of rewards with "very clever" has echoed potential and annoying sentiments.
Andrew McMillen in Wired magazine explains that the Steemit function is rooted in transparency with every vote and transfer visible to the public from upvotes in the post to the wallet transfer. Unlike most digital currencies that are hardly accessible to most enthusiasts in the world with no money to invest, Steem eliminates the reluctance of the average person to join the crypto-curve world by allowing themselves to earn revenue by mail without first buying.