Social Media That Pays Users

Check out and follow Thinking Humanity on Steemit.


Steemit’s general concept is similar to other blogging websites and social news websites such as Reddit; only the text content is saved in a blockchain. That enables rewarding comments as well as posts with secure tokens of value.


As said in the Steemit White Paper:


Steem combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person’s contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community.


Instead of leeching off the wealth made by user-generated content as Facebook does, Steemit returns most of its value to its users by rewarding them with cryptocurrencies. Therefore, many people have started living on the value gained from this particular platform.


According to the White Paper, Steemit provides the five following services to its members:


  1. A source of curated news and commentary.
  2. A means to get high-quality answers to personalized questions.
  3. A stable cryptocurrency pegged to the U.S. dollar.
  4. Free payments.
  5. Jobs providing above services to other members.


As a result, Steemit creates a whole economy out of social media in which everybody—not merely the platform owners—benefits from the creation of content. It’s a beautiful model which is constantly being improved.


If you aren’t on Steemit, consider checking it out and participating in this social media revolution. While the social media dinosaurs keep on cracking down on users, censoring information, and creating more division among the world, Steemit does the exact opposite. Check out Thinking Humanity on Steemit.


Check out and follow Thinking Humanity on Steemit.

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