I heard of Steemit a few hours ago and it is the only blockchain based enterprise that I had ever heard of. I knew it was a blockchain based social network, but that was the extent that I knew. What is a blockchain, anyway?
I kept thinking about it and two hours ago, I decided to post something on it. All I posted was a very brief introduction of myself.
Much to my surprise, within 5 minutes, the post had already made me $0. And, by the end of 2 hours (the post only makes money on upvotes for 12 hours) it had totaled at one point over $0.00!
Now, I should point out here, that the site is both blockchain based 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. (Hi mommy! <3)
However, I know numerous other people who have been on the site for a few months and have also made nothing just posting content there.
Now, many of you are probably asking, how is this possible? How can this site pay so much 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.
Where it goes from here is anyone's guess. But I advise anyone who creates content to begin publishing on Steemit now. It costs nothing to do and if your content isn't popular you can make nothing very easily. And if the platform continues to gain popularity you will be an early adopter (the site is even still in beta), which will mean you already have started growing your following and accumulating "Steem Power", which gives you more power on the system to upvote others content that you like.
If you follow me on Steemit I'll soon be posting an article there giving you the tips I have learned from my first post so your first post will get as much traction as possible.
Hi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you.
Here is similar content:
http://www.lovingenergies.net/pt/How-I-Made-15000-in-12-Hours-on-the-New-Blockchain-Based-Social-Media-Site-Steemit/blog.htm
Hey, I don't believe you earned so much! :P