Steemit: The Killer App For Blockchain Mass Adoption. Get Paid to Create and Curate.
Facebook is worth around $350 billion. Twitter: $10 billion. Reddit: $500 million. How much of that value did you create?
How much were you rewarded for the content you created?
Steemit is a decentralized, blockchain-based social media platform which pays content authors and curators in real tokens of value. Launched in May of 2016, it has the potential to radically disrupt not only the dominant centralized social media platforms today but also the very concept of money itself.
In this session, I'll give a brief overview of what blockchain technology is (the decentralized ledger system which powers bitcoin) and how Steemit's advanced blockchain (100k transactions a second, 3 second confirmation time) creates a fully decentralized social media platform which can not be censored by any government, has no central server to be attacked, and can be viewed by multiple blockchain browser clients, including your own computer. I'll talk about how my account is currently worth around $10k, and where the money comes from. I'll give examples of friends who have made $8k or $3k on a single post and show one of my own posts which made over $1k. And then things will get interesting.
We'll briefly explore the very nature of money and how Steemit is not only bootstrapping a currency, but also a marketplace for its use, all without the use of force of any kind. Technologies like Steemit, with their smart contracts and built in escrow systems, may lead to a voluntary society and render governments useless. This is an exciting time to be alive. I hope you'll join me on this journey. For a preview, see my blog at https://steemit.com/@lukestokes