The Value Of Steem In The Attention Economy

When it comes to talking about cryptocurrency there is the argument that these coins have no value. This is untrue as they are a cheaper more efficient way of sending money which is a big deal. Cutting back on transaction costs will be a huge asset in the years to come. Plus with Dapps you have a lot of advantages that you could not mirror before like true digital item ownership. But for this post I want to talk about steem and the value it gives people who hold it.

The world has entered an attention economy. You have apps, streaming services and social media networks that are competing for your attention. And within those streaming services and social networks you have content creators who want there work to be showcased more than others. There is only so much space and thus who gets there work on the front page is a competition, one that people pay a lot of money to enter. Look at Google and the amount people pay to get their work at the top of search page.

But with steem you get voting power which in turn helps you promote your work, comments the work of others. This is a big value. Sure you can spend money to advertise but then the money is spent. With steem you get to hold onto your coin and get that value of promotion. And if you are a content creator this makes steem more valuable than cash. Yes it will depend on the steemit site to be popular enough that you want your work showcased on it but if it is, think of how much value you get from holding a coin that lets you promote work.