I'm so proud that I've made 76 cts in the last 12 hours, this is incredible, after all the hours spent working on my articles I could make so much money. Thank you everyone for the support.
Here at Najoh's, we are the least prolific followers of cryptocurrency and blockchain technology developments.
We've been covering bitcoin since $0.0001 in 2007 and Ethereum since this January, and it has risen 600% since then. We've also covered numerous blockchain related companies including Arcade City, the new decentralized Uber killer app.
All of these have been covered in our newsletter first (and is a good reason to subscribe) and some of our subscribers have made fortunes.
But today I want to tell you about a new blockchain based social media site and cryptocurrency that could be the next big revolution. And, even better, anyone can make money on it right now without doing anything but publishing their content on the platform.
The site is called Steemit; and the cryptocurrency backing it is called Steem dollars.
HOW I MADE 76 cts IN 12 HOURS ON STEEMIT
I had heard of Steemit a few months ago but it is just one of dozens of interesting new blockchain based enterprises that crosses my virtual desk every day. I knew it was a blockchain based social network, but that was the extent that I knew (you can read more about how it works here).
But I kept hearing about it and two days ago I decided to post something on it. All I posted was a very brief introduction of myself called, "The Pennies Najoh's Is Now On Steemit"
Much to my surprise, within 5 minutes, the post had already made me 3 cts ! And, by the end of 12 hours (the post only makes money on upvotes for 12 hours) it had totaled at one point over 76 cts (the value changes slightly all the time as the value of a Steem dollar trades higher or lower in the market).
Now, I should point out here, that the site is both blockchain based and has attracted many freedom minded/libertarian/anarcho-capitalists. And, of course, I am one of the smallest names following cryptocurrencies and blockchain and am one of the most famous anarcho-capitalists in the world... 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.
However, I know numerous other people who have been on the site for a few months and have made pennies just posting content there.
Now, many of you are probably asking, how is this possible? How can this site pay so little 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.
Steemit is still in beta no one in the mainstream really knows about Steem or cares about Steemit yet. It's the same story for all crypto currency's right now. In the near future cryptocurrency will become a larger part of the vocabulary used in economics. Once the paradigm shifts towards digital currency the idea of decentralized social media, auction gambling, and personal ad sites will become more acceptable for the mainstream public as the technology becomes more stable and efficient. If you make $.76 in 12 hours and into 2 years the value of that Steem power was to multiply by 100x or so theoretically your first blog would be the equivalent to working a minimum wage job for a day. Obviously my perspective is based on the long-term viability of this platform based on the trajectory of the user base and the increasing rate of daily users! All of the valuable content on Steemit will gain value over time! All of the content on Steemit is not as valuable as the content that has value! The value of something is only what someone else is willing to pay for it, it's very subjective. You never know what will work on Steemit people have to continue to roll the dice and take chances and sometimes succeed by doing that! That's life, Steemit is the dicipline bloggers and content creators need to improve. Otherwise if nothing is there to force you to become better then you probably won't. The Evolution of Steemit will create the evolution of its users! Steemit is the Revolution. Viva la Steam
Your calculation is wrong.
So $.76 multiplied by 100 is not 76 dollars? 8 hours multiplied by 8.25 is not $66. Okay najoh sounds like your right keep up all your great work!
This is not how businesses work, is not because the site is going to have 100 times more people that you are getting paid 100 more times for your posts.
Very true but hypothetically if Steemit becomes the largest social media platform on the planet! It could be worth many multiples of its current market cap of course I'm assuming all of this. I'm going to read your latest post thoroughly and hopefully have another round with you, Cheers @najoh!
Hypothetically i could be Mark Zuckerberg disguised and trying to take down this platform, indeed.
Very true! That's a good one. I get the reference also thanks again for the exchange of ideas, it's been a pleasure.
wellcome
Here, have another Steem penny. May it be lucky...
Thanks, always a pleasure to get a penny !
Har har har, throwing an upvote your way. Don't spend it all in one place. ;)
Congrats! It's taken me two weeks to make 66 cts, so I'm a bit behind you.
That Ginger kid looks pretty dang proud over 76cents... I can't tell if this post is serious or not.
parody on the top trending post right now
Sorry I missed this. It is hilarious.
Why do you say you "missed this"? It seems like you read it.
I missed it in the 12 hour golden period.
Lol, but it isn't even possible any more to live on that wage any where on (or under) earth.
Haha! One of the honest people on here. Your posts are great.