Websites using blockchain to pay users aim to disrupt Facebook

“I feel like I’m in the Stone Age when I’m on Facebook or Twitter,” says David Kadavy, a user of Steemit, a website that uses blockchain and pays users who post, comment, view ads and play games.

Website Steemit has its own digital currencies, the best-known of which is called Steem.
Website Steemit has its own digital currencies, the best-known of which is called Steem. (DREAMSTIME)
By OLGA KHARIFBloomberg
Fri., March 2, 2018
David Kadavy used to post on Facebook without expecting to get paid. Then blockchain came along.

After stumbling onto a new corner of the internet based on the digital-ledger technology, Kadavy said he gets paid to post his blog and podcast on Steemit, a website whose text are saved on a blockchain.

The site has its own digital currencies, the best-known of which is called Steem, and pays people such as Kadavy who post and comment on the site. Kadavy, a 38-year-old American writer living in Colombia, said he made about $2,000 (U.S.) in January.