If u wanna read this article in Hindi leave a upvote and this is the link:- stay tuned
So why is steemit is so hyped
Becoz it also gives reward to not only author but also viewer?
Let's find out
Problems with current blogging:-
Google
Google takes almost 45-60% of revenue from the system. So basically half of the earning is in the wallet of google(the middle man).
2)ADS
The most annoying thing in the world is the 5secs ads,the pop up ads and the ads which are basically totally unrelated to us.
3) Lack of transparency and Monopoly
It is now clear that 21 century is the century of Internet and whichever company controls it will control everything thing including your life.
So how steemit solve the problem
1) Steem is a blockchain means it's a distributed ledger in which every transaction is verified by every user of the system. As it is distributed the Monopoly thing is the thing of past.
2) Steem don't have a single piece of ad. So how blooger generate money. It's simple Steem is a currency like note printing machine Steem supply doubles in every year.In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 “reverse split” every 32,000,000 blocks (about 3 years). At this point in time all balances of STEEM are divided by 10 and all prices are multiplied by 10. Cryptocurrency exchanges will have to suspend trading around this time and update the account balances and price history to reflect the “reverse split” before resuming trading. So from here the money comes and it is well regulated as well.
3) No middle man = more money in a safer way
| Old system | Steemit |
|---|---|
| Ads | no Ads |
| Middle man | no middle man |
| Hackable | immune |
| Payouts are difficult | easy payouts |
| Monopoly | power to the people |
| Centralized | decentralized |
| Rewards to only author | both author and curator (viewer) |
if u wanna know more about blockchain :-
Is it legal in India?
sir arun jaitley speech in budget:-
"The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system. "
So basically indian government is saying that illegal activities done through Bitcoin/altcoin is punishable by law and secondly bitcoin is not a legal tendar nor us dollar. That's simple
but again in the flip side Indian government (like other government) are obsessed with blockchain technology.
so don't fear fellas. Steemit is not illegal in india.
If u like my post interesting leave a upvote.
Here's a free upvote courtesy of me #killerbot
That's funny 😂😂
Success for you all
Regards, @elhajary
Yaah that's the key let's upvote each other post🤗
Welcome and good luck!
Keep it up, following for great posts!
Good luck ND all d best😉
Thank you for visiting my profile. I follow you now
Same 4 u dear😊
good post
im like it
Oh wow, I did not know that the idian government says its illegal, thanks for informing! =)
Nice post, wish You all the best.
Hey Sidd. Nice post!