Steemit Review

(and there seem to be no kittens).

Unlike certain other sites that bombard you with advertising I was excited to find out about a site called Steemit where other users pay and vote for your posts! I’m going to start publishing my blog posts there as well.

Not much to say about it except GIVE IT A GO, it’s clean and refreshing and people seem nice (maybe because nice = money).

Anyway folks check it out! I can’t get over how much I love the layout and simplicity of it.

There is a unique opportunity presented by Steemit in that users can earn digital tokens for both posting content valued by the community and for upvoting content.

These digital tokens are called Steem, a cryptocurrency that is supported by the Steemit blockchain. While Steem is able to be mined, it can also be earned by content creators and voters.

A set pool of Steem is created every day by the blockchain, which is used to reward Steemit users.

The more upvotes a particular piece of content receives, a larger piece of this pool is awarded to the post; the author of the post is awarded a majority of the reward, while the remainder is split between everyone who upvoted the post, with early voters receiving larger awards for pointing out good content.

These votes accrue over a week before being tallied and paid out. Content includes not just your own posts, but any comments left on other people's posts as well, as comments can also be upvoted.

As the digital currency exchanges fluctuate all the time, the amount of money you can objectively earn from Steemit will depend on market conditions. a single Steem has been valued as high as $4 and as low as $0.09; at the time of this writing, Steem is valued at about $0.70 and is rising.

I’m also mining steam coins which is mildly complicated but I’m running it on my forex trading server in fact so it’s cool – but you will need a lot of disk space

Boring Technical Bit that Excites people like me

This whole thing is based on the block chain! Remembering that the blockchain can be used for other things than coins! It’s all integrated, posts and knowledge have a value.