Every once in a while I like to revisit the topic of Steem and its biggest social networking platform Steemit. I've been a believer in the blockchain and this platform for over a year now and I've seen it grow exponentially in that time. I have friends that I tried to explain it to who shrugged me off who are now begging me to help them get followers and show them how to build a community here.
If you notice how regularly I post, that is a big part of the puzzle. I post interesting content regularly and try to get conversations sparked about it in order to make friends. I try to be the perfect model steemian creating interesting original content and interacting with other steemians in an effort to build long lasting partnerships and friendships.
While recently browsing through the news for topics I came across the topic of Steem and was curious about what kind of press it had been getting recently. After the price of SBD rose from around 1 USD to over 12 USD in less than a month I was shocked and amazed. We did this together, we brought the whales and they obviously like holding SBD which I feel is good for us as long as it seems to drive Steem prices (which it has been doing if you notice the rise from 1 USD to 2 USD in the same time period).
So, lets have a look at recent press we've gotten here for our thriving blockchain and platform. I recently read an article published by Hacked in novemeber which made some very good points. This is good press as far as I'm concerned.
More than two million blog posts are written and published EVERY DAY, and each has to find a way to break through the noise. Many content creators utilize some sort of combination of owning their own platform, guest posting or being a contributor on various other sites.
The onus of content distribution falls on the content creator, and many content creators end up finding that content distribution can take more time and effort than the creation of content itself. Then, you’ve got content creators who operate at a much larger scale and are capable of creating much bigger impressions through the use of different marketing strategies.
The author of this article discussed the value that Steem and platforms like Steemit have in terms of giving bloggers a platform where they can both be found and rewarded. I thought that instantly when I joined and I think its good to be mentioned repeatedly as this is a use case that will drive the ecosystem further.
The Steemit platform helps alleviate this problem by rewarding content curators. People who upvote and comment on posts get rewarded. The more Steem Power Units curators have, the more their vote will count, the more influence they will have, and the more they will get paid as well.
Steemit is the solution to this problem. Bloggers are getting a following and getting paid for doing the same work they would have done on their own independent platform while getting just a small fraction of the rewards that they are able to get posting on Steemit.
Lets take a look at the next article that I found on Technowize and see what they had to say about Steem and the social networking site Steemit.
If you’ve ever spent time online in the last couple of years, you’ll have heard about the success of BitCoin, the cryptocurrency whose value seems to get higher every day. You’ve also probably come across Reddit, the 8th most popular website in the world. Reddit allows users to like and share content, and vote on other people’s submissions, creating a community of like-minded content-sharers.
Now imagine combining these two into a social platform, where every piece of unique content and every upvoted comment resulted in you receiving cryptocurrency. You’re not the first to imagine it: Meet Steemit – a social media platform that pays in cryptocurrency whenever you post a story up.
This is a strong opening that really had me hooked. First referencing Bitcoin and Reddit and then comparing Steemit to a sort of hybrid.
The idea that you can earn cryptocurrency rather than have to work first to make fiat and then pay high transfer costs to get it into the cryptosphere is extremely appealing and I feel this article really made that point come to life.
As far as the boring technical stuff goes, Steemit works by saving text content into a blockchain. Every act of interaction, whether it’s curating or creating content, has the same effect as ‘mining’ for BitCoin. So the more you participate on the site, the more you earn. Interaction with other users often involves microtransactions between you as well, so the revenue stream is twofold.
For normal people they may not even know what a blockchain is yet so it makes sense that the author just mentioned it briefly and moved on to the meat and potatoes of normal everyday use. I like how the article emphasised participation. That means posting daily content and interacting with other Steemians on their blog articles as well as the comments they may post on our own articles.
I agree that monetary rewards on Steemit are directly tied to how much participation you are willing to do. Are you helpful in interacting with other members of the community? If so, be patient and the rewards will come. I know because I've been seeing things get better and better on this blog as a direct result of helping others.
This is a pretty cool image to give people a good look at what the Steemit site looks like on mobile. It's in it's new dark mode which I find very useful for night reading and posting.
While 450,000 active users is nowhere near the sort of numbers that major social media networks are running with, it’s more than enough to create a vibrant community, and the promise of earning cryptocurrency for doing something you might already spend your free time doing is an added bonus. Unlike other cryptocurrency too, you don’t have to spend real money buying in at the beginning.
I like that the author emphasised how small the number of active users are on the platform compared to 'major social networks' which to me just says, hey buddy, you aren't to late yet to join! I mean come on, the train is nowhere near to leaving the station.
His second point about the site being free to join is important as well! There are no scams going on here, it's free to join and free to post and you can even make some nice crypto for it!
This should make readers feel relaxed and more interested in checking out the site in more detail and considering they may even want to give it a shot.
Techblogger Final Thoughts
Overall I'm completely amazed at what we've seen happen with the blockchain and the social networking platform over the past few months. My jaw dropped when watching all the fantastic presenters at SteemFest2 and the excitement around SMTs and the potential it has to increase the ecosystem exponentially. I'm happy I'm here blogging and networking with you guys.
What do you think about the growth we've seen in the past 6 months? Should we expect things to get even better around here in the coming months? How do you feel about the points made in the articles I referred to in this post? Do you think these authors are doing a good job in explaining the opportunity presented with Steemit?
Thanks for dropping by!
Source:
Meet Steemit, a social media platform that pays in cryptocurrency whenever you post a story up - Technowize
Steem: Long-Term Potential Worth the Risk? - Hacked