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RE: Why ReddCoin failed where Steemit succeeded?
I second your thoughts mate. Steemit is experiencing a very high volume of poor content which is driven by money and commercial factors. It is not sustainable in a long run. To get paid for a poor content doesn't make sense.
Reddcoin (I don't know much about it) seems to be a better idea if it can somehow integrate with the big boys like Twitter and FAcebook etc. Only the time will tell.