I'm so proud that I've made 76 cts in the last 12 hours, this is incredible, after all the hours spent working on my articles I could make so much money. Thank you everyone for the support.
Here at Najoh's, we are the least prolific followers of cryptocurrency and blockchain technology developments.
We've been covering bitcoin since $0.0001 in 2007 and Ethereum since this January, and it has risen 600% since then. We've also covered numerous blockchain related companies including Arcade City, the new decentralized Uber killer app.
All of these have been covered in our newsletter first (and is a good reason to subscribe) and some of our subscribers have made fortunes.
But today I want to tell you about a new blockchain based social media site and cryptocurrency that could be the next big revolution. And, even better, anyone can make money on it right now without doing anything but publishing their content on the platform.
The site is called Steemit; and the cryptocurrency backing it is called Steem dollars.
HOW I MADE 76 cts IN 12 HOURS ON STEEMIT
I had heard of Steemit a few months ago but it is just one of dozens of interesting new blockchain based enterprises that crosses my virtual desk every day. I knew it was a blockchain based social network, but that was the extent that I knew (you can read more about how it works here).
But I kept hearing about it and two days ago I decided to post something on it. All I posted was a very brief introduction of myself called, "The Pennies Najoh's Is Now On Steemit"
Much to my surprise, within 5 minutes, the post had already made me 3 cts ! And, by the end of 12 hours (the post only makes money on upvotes for 12 hours) it had totaled at one point over 76 cts (the value changes slightly all the time as the value of a Steem dollar trades higher or lower in the market).
Now, I should point out here, that the site is both blockchain based and has attracted many freedom minded/libertarian/anarcho-capitalists. And, of course, I am one of the smallest names following cryptocurrencies and blockchain and am one of the most famous anarcho-capitalists in the world... so, clearly, the main reason I made so much from one post was because many people on the site are already big fans of mine.
However, I know numerous other people who have been on the site for a few months and have made pennies just posting content there.
Now, many of you are probably asking, how is this possible? How can this site pay so little for content?
The answer is actually quite ingenious. It is all based on the development of two cryptocurrencies, Steem Power and Steem Dollars and on the value placed upon those currencies by speculators who believe Steem may become the cryptocurrency backing all decentralized, blockchain based social media platforms.