No longer be a slave to the 9 to 5 job, feeling like you add not value or learn little to nothing. Steem can change that for you
What is Steemit - An Introduction to the Best Social Network of All Time - IT is Your New Full Time Job
Hey! I'm am attempting to become a source of information for new starters on Steemit and a source of reference for existing Steemians.
This post is a starter on building a central reserve (not like the banking kind) for helpful Steemian information. The starting position should be to explain Steemit, how it was formed and by who.
You can improve Steemit and Steemit can improve you
The following extract is taken from the Steem An incentivized, blockchain-based social media platform. Daniel Larimer, Ned Scott, Valentine Zavgorodnev, Benjamin Johnson, James Calfee, Michael Vandeberg March 2016
Steem an Introduction
Collectively, user-generated content has created billions of dollars worth of value for the shareholders of social media >companies, such as Reddit, Facebook, and Twitter. In 2014, Reddit hypothesized that its platform would be improved if >everyone who contributed to reddit.com by posting stories, adding >comments or voting were rewarded with a fair share in >Reddit, Inc . Steem aims to support social media and online >communities by returning much of its value to the people who >provide valuable contributions by rewarding them with cryptocurrency, and through this process create a currency that is able >to reach a broad market, including people who have yet to participate in any cryptocurrency economy.
There are some key principles that have been used to guide the design of Steem. The most important [first] principle is that everyone >who contributes to a venture should receive pro-rata ownership, payment or debt from the venture. This principle is the same principle that is applied to all startups as they allocate shares at founding and during subsequent funding rounds.
The second principle is that all forms of capital are equally valuable. This means that those who contribute their scarce time and attention toward producing and curating content for others are just as valuable as those who contribute their scarce cash. This is the sweat equity principle and is a concept that prior cryptocurrencies have often had trouble providing to more than a few dozen individuals.
The third principle is that the community produces products to serve its members. This principle is exemplified by credit unions, food co-ops, and health sharing plans, which serve the members of their community rather than sell products or services to people outside the community.
The Steem community provides the following services to its members:
- A source of curated news and commentary.
- A means to get high quality answers to personalized questions.
- A stable cryptocurrency pegged to the U.S. dollar.
- Free payments.
- Jobs providing above services to other members.
Steem’s purposeful realignment of economic incentives has the potential to produce fairer and more inclusive results for >everyone involved than the social media and cryptocurrency platforms that have gone before it. This paper will explore the existing economic incentives and demonstrate how Steem’s incentives may result in better outcomes for most participants.
Please upvote, resteem, follow and comment.... there will be much more to come. Just like Steemit I will be around for a long time.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steem.io/SteemWhitePaper.pdf