[Ecks]

Our relationships with most social media are sneakily transactional: We log onto Facebook or Instagram and wind up paying the platforms with our attention and ad clicks. A new social network aims to turn that on its head by paying users for their posts. Steemit runs on Steem, a cryptocurrency that currently has a market cap of $294 million and users have made more than $1.2 million in American dollars on the network. At Backchannel, Andrew McMillen takes a deep dive into Steemit, writing that 'By removing the middlemen and allowing users to profit directly from the networks they participate in, Steemit could provide a roadmap to a more equitable social network...Or users could get bored or distracted by something newer and shinier and abandon it. Fortunes could vanish at any moment, but someone stands to get rich in the process.'

Read More @ https://www.wired.com/story/the-social-n...ral-money/
Learn More @ https://steemit.com/

[Defeat]

This seems interesting, going to check it out soon.

[Oni]

Interesting but silly concept in my opinion.

[mothered]

Trying to compete with the likes of Facebook and attempting to gain users by generating payments for their activities on the site, Is not the best policy and certainly not good practice.

I wonder what their definition of "a fraction of a digital currency" Is.

Everything that you do on Steemit—every post, every comment, and every like—translates to a fraction of a digital currency

[Ecks]

Well so far you can get anywhere from nothing, like a majority of people, to thousands of dollars worth of their coin of choice, that is if you are good with all that social media stuff, or have a nice botnet to throw at it and cheat your way into a few hundred bucks. Right now it is still in Beta, so they are highly active on monitoring accounts and payouts might be larger now to attract new users.

[Satan]

Sounds like the general idea Tsu started with.

[Synthx]

This seems really cool. Like Oni said, it seems like a silly concept.