Steemit could be the cryptocurrency killer app

in #news8 years ago

   

We have been talking a lot about the Bitcoin killer app. This  mysterious application that would make Bitcoin go mainstream. The masses  would finally be using bitcoin most likely without even noticing that  they are using it. Well, this haven’t come yet but Cryptocurrency as a whole could finally just got their killer apps. Introducing Steemit Steemit is a mix of blogging and social platform. People can register  for free and start posting content right away. User get paid if their  content get upvoted by other users. How can the platform pay for all of that? There is some very  interesting economy behind Steemit which would make for another very  interesting post. But basically Steemit print his own money. It  distribute it for article based on the amount of upvotes that an author  receive. Those Steems are tradable on exchange like poloniex and  bittrex. Reddit has been the bastion of the cryptocurrency world for a while.  People go there to discuss crypto topics but publishers get nothing for  sharing their opinion. This is why Steemit is bound to become  very popular. Users get paid for things they are already doing for free,  that is publishing content. Similar platform are schedule to go live in the upcoming months like  yoursnetwork but they feature micro-tiping. People will have to take  decision on wether or not they want to spend their hard earn money on  every post they see. This will add a level of complexity to the user  experience. On the contrary, Steemit rewards you with crypto currency. All you  need to do is upvote a post and the platform will reward the author for  you. I have been using Steemit for a few weeks. So far, my post have received between a few dollars to over a thousand dollars. The reason why i say it is the killer app for cryptocurrency is that  people get paid in crypto without having to know what is cryptocurrency.  There is no need to convince anyone that crypto will liberate them from  fractional banking or that government won’t be able to wage war anymore  by printing money. They join steemit to get paid to publish content and interact with  other users. They get paid in crypto and soon they realise how awesome  cryptocurrency is. So in my view, this is effectively the killer app of crypto. Until Bitcoin gets his killer app, Steemit is poise to make a lot of waves. Watch this video and read rest of article at

 http://www.alexfortin.com/steemit-cryptocurrency-killer-app/


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Yes I made a previous post about this very point. Just a slight suggestion. If you separate out your text into paragraphs it will be easier to read. Also your photo is not showing.

Keep up the great work @kassikillstar
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Hi! This post has a Flesch-Kincaid grade level of 6.5 and reading ease of 75%. This puts the writing level on par with Stephen King and Dan Brown.

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