And yes, you have understood with the title, I will still tell you about the blockchain. Recently, I mentioned Flixxo who wanted to replace Youtube by removing intermediaries to better reward videographers (see article: https://untruc.net/2017/11/22/flixxo-youtube-decentralise-rapporte/ ). Well this time, I'm going to talk about a platform that wants to help bloggers and creators of written content thanks to Blockchain and crypto-currencies (double Buzz Word).
And this service is called Steem It !
Steem It, a reddit clone?
When we arrive on the site, the first thing that strikes us is the resemblance to Reddit. There are tabs "in vogue", "new", "hot", "promoted" as on Reddit. The contents are stacked on top of each other with a voting system that allows them to be mounted. You can offer content, vote for another and comment or share as on the platform of the American giant.
Like on Reddit, Steem it also offers categories to rank content. The voting system makes it possible to have quality content very quickly. That's what made Reddit so successful and that's what will make Steam it worth it .
But what makes the difference between the two sites is the small text under a contribution with the value of the gain that will pock the creator for his work.
Indeed, the more content is going to have positive votes and comments, the more his post will have value that can be transformed into virtual currency (steem, Bitcoin, ...) then in "real" currency (dollar, euro, ...) .
The idea is simple, the more your article is well written and speaks of an interesting subject, the more it pleases. He then gets positive votes and comments that make him climb the Steem it rankings. And all this popularity has value that ultimately turns into money .
I will not explain to you all the rules and how the votes are calculated to be transformed into value. But there is no miracle recipe, the more the content is good, the more it pays. And as on Flixxo, the end user also has a role to play by voting and commenting posts. This work has a value that will also pay him something.
But where does this money come from?
And as with Flixxo and real money, Steem's value depends on people's confidence in that currency. Content in itself on the platform does not really have value. But a site that gathers millions of articles ranked according to their importance is extremely valuable. Facebook, in itself, is only people who share photos of Topito's kittens and Top 5 articles. But all the posts and the opinions of the users have a huge value.
Another example is a bank note, just a piece of paper. But recognizing its value at the scale of a country, a continent or planet Earth, this paper is worth something.
I will not go into economic and monetary explanations that I do not necessarily control. I invite you to read the various sources at the bottom of the article if you want to know more. The bottom line is that the more users and contributors, the more Steem It will gain value. And since the service is based on the blockchain, it gives it stability of operation.
The rules are simple, the intermediaries are nonexistent, cheating can not be present.
If you know bitcoin a bit, its value is increasing right now as it is increasingly recognized as a reliable currency. To schematize, if the European Central Bank says it's a bubble, its value will drop, if Amazon accepts the bitcoin to pay at home, its value will increase.
Since June 2016, Steem it has already donated nearly 23 million dollars to the creators of blogs but also to people who voted, commented because it also has value.
The platform has 334,000 accounts for 234,000 monthly posts.
I created an account to try the platform, I would return in a few months. And you, does that tempt you?
There is more and more platform using the blockchain and want to "compete" the giants of the Net. You think it's a good thing or it's based on unstable and risky things? What is your opinion on this evolution of the uses of the Internet?
Congratulations @born2great! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!