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I think this site has some real potential. I cant understand why anybody would want to do social media for free when they could make some $ by making good content on here. As far as I'm aware Steemit are first to the market with this idea?

They have a good headstart, so long as facebook/reddit dont start doing the same thing very soon they stand a good chance of success.

One question though... the name... Steemit, i dont get it? Reddit i get, Steemit, i dont?

I was just thinking that this morning while working... I can see those sites adopting something like reddcoin to their sites since its about to be up and running instead of starting from scratch. I have some reddcoin so I am hoping that my thoughts are correct lolz.

Yeah i don't think Reddcoin is an unreasonable investment. The only issue with it is the name also, Reddcoin, if reddit dont buy into that they are kinda stuck as its so similar to reddit

Yes I agree the name does have a set back for other platforms to invest in...

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