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Steemit Is a Social Network That Pays You For Your Posts In Cryptocurrency (wired.com)
New submitter mirandakatz writes: 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.'
Steamy is a Social Network That Pays You For Your Porn In Cryptocurrency.
How much will you pay me not to post?
Have gnu, will travel.
Now you're talking value!!
Steemit runs on Steem, a cryptocurrency that currently has a market cap of $294 million
Can you buy PC games on Steam with Steem?
Steamer is the mascot of the Altoona Curve, a minor league baseball team.
But if Facebook already has a product that requires no cost, why would they pay them? Facebook gets their product for free, other than the engineering work they do, they have no reason to spend money to get the product at this point.
This Steemit, on the other hand, is something else entirely. It renders completely moot the question of wondering who the attention seekers are, versus who are just the paid shills. Now you know it's everybody! Everybody is seeking attention, and they're all paid. When there's a profit motive for literally every single post, then you realize that you don't need to pay attention to any of it. I guess it's good for whatever size the group of users is who want to be involved in something like that, but for everyone else hopefully it will concentrate those kinds of personalities in one place and have the effect of clearing up cruft in other places.
"Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
I hear this complaint about Reddit, but I don't really see it much.
The only place I see it is in a sub for my own local city. My city is admittedly very, very liberal, but this sub is overrun with bike advocates and antifa supporters. I've been downvoted into oblivion for having normal sentiments any property owner would have (like objecting to homeless people camping and peeing nearby), but nobody has banned me for it.
Most of the subs I visit, though, have very little political content. Usually you get downvoted just for shitposting or being way off topic, which is mostly fair.
I think Reddit's biggest problem isn't censorship but just high levels of shitposting and relentless memeposting, but mostly this is a "major" subreddit problem, not a niche subreddit problem. It's kind of no different than USENET was.
This implies Steemit becomes a meritrocracy. What opens is the Pandora's box of bidding for the highest producing posts. That system works for a while until someone comes by with deeper pockets to capture marketshare. The value of its currency then drops down, and supply/demand makes it more difficult, until the market burns itself out for want of customers.
It's intriguing but it's a zero-sum game, ultimately.
---- Teach Peace. It's Cheaper Than War.
And after they pay you for your information, is it theirs to do whatever they want? Seems like it should be so, since they just bought it from you.
It must have been something you assimilated. . . .
The same can be said for all social media and their drive to retain customers,
My only suggestion would be that the threshold for posts "disappearing" should be higher -- maybe -20 or something, or some obvious way to restore them for users who want to see them or some kind of threaded sort that ignores votes.
Censorship is a must, I'm afraid. Anyone who has experimented with creating a ugc website has discovered this. If you don't censor at all, your site gets taken over by child porn. If you censor only child porn, it gets taken over by mostly legal porn. If you censor all porn, it gets taken over by spammers. If you censor porn and spammers, it gets taken over by nazis.
This Steemit, on the other hand, is something else entirely. It renders completely moot the question of wondering who the attention seekers are, versus who are just the paid shills. Now you know it's everybody!
But can Steemit really pay more for posts than Monsanto, the company that pays for every post we disagree with?
So should slashdot, reddit, hacker news. And nightclub owners should pay hot chicks that drum up their business. But capitalists are greedy so ...
Aha. Yeah, I wonder why there aren't any economically illiterate, perpetually lazy, whiny little bitch Marxist business owners that see things your way...
Or is this a thinly veiled attempt at money laundering?
You act like shills don't exist. There are certainly sites that pay people to post. There are also clubs who employ hot chicks to hang out in them.
It's like you were born yesterday.
People are failing to see the big picture. Imagine if Facebook started paying you in cryptocurrency (FACE) for every post and picture you posted. Then they created a market where advertisers could buy the tokens and use them to buy ad space. A crazy feedback loops would develop as people addicted to FB turned posting their kid's pics into full-time jobs and Facebook's world domination would be complete.