What if you were paid for every interaction you made on a social media website? It sounds crazy since we are so used to posting our valuable content for free on websites such as Facebook, Twitter, and Youtube. Your content and attention is so valuable that these companies have made billions off of ad revenue by spamming ads beside your posts. What if all of that ad revenue was split up equally among all users based on how many views or likes they received instead of that revenue simply going to stock holders and CEO's? Social media would become quite interesting in this way. Now let's take it a step further and imagine a social media site that produces its own cryptocurrency and distributes that value instead of having to generate value through spammy advertisements. I assure you though this is not just a figment of our imagination. The technology is HERE NOW!
Steem is a blockchain based social media platform that distributes it's newly created currency among content creators and curators based on social media interaction. Steem incentivizes holders of the Steem currency via the Steem Power feature. You can convert your Steem into Steem Power which locks your money up for 3months. In exchange for doing this, your upvotes, or likes, are worth more money. If this sounds confusing, do not worry! Investing in additional steem power is completely optional. Steem is a very user friendly platform when compared to other cryptocurrencies, and it is free to signup.
Unlike many other cryptocurrencies, the Steem Blockchain has ZERO FEES for users and the transactions are complete in 3 Seconds. You can also send funds directly to your friends @username instead of sending funds to a long cryptographic key.
Check out my SteemIt Blog! Scroll through the posts and see the payouts for yourself. My wallet is public and you can see the payment proof.
The Metaphysical Implications of Decentralized Social Media
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