Steemit Creator Dan Larimer on How Steemit Is Changing Social Media Forever
During an interview I conducted with @Dan Larimer, creator of Steemit, EOS and BitShares, Larimer goes into the revolutionary blockchain innovation that is Steemit.
Steemit as we tell our viewers often is a blockchain based cryptocurrency social media platform where users can post content and be upvoted by other users on their posts which makes them money in Steem and SBD. SBD (Steem Backed Dollars) is a risk mitigating token given to creators but has found a life of its own. It's supposed to be pegged around $1 USD, but has found its way up above $10 USD in recent days making creators a lot of money when they cash out.
As other platforms cut off people's revenue based on their views, Steemit is a real free market system based on individual demand. As Larimer also points out, it's the only cryptocurrency out there with password recovery options.
The potential for Steemit is incredible and life changing for so many in independent media. For so many writers and photographers. It's the future.
Being the first major social media on a blockchain, it's growing in leaps and bounds on a regular basis with many of its passionate users going out of their way to promote it on the streets, like WAM's frequent guest @StephenKendal.
Considering how many people have yet to find Steemit and the number of big names and personalities that have recently gotten accounts on the platform, there's no doubt that we're going to see a massive climb and a huge adoption phase down the road. It's just a matter of time. Nothing this innovative goes without recognition eventually.
We appreciate Dan's time and hope you also check out EOS.io as the future of cryptocurrency couldn't be brighter.
See the clip here:
Stay tuned for more from WAM! Don't forget to Upvote & Follow!
If you like what I do, you can donate to my Bitcoin, Litecoin or EOS address below!
Bitcoin:
Litecoin:
EOS:
love it. hope there will be more exciting development in steemit.
Every time I hear Dan talk or read his work I am first incredible impressed and then know if I invest in his project I am bound to make a lot of $$'s :D
Agree 100%! Steemit and Steem are great ideas. I knew that as soon as I heard about them; but it took me several months before I got around to participating actively on Steemit.
There is a deeper reason why I am impressed.
Steem is an ideal platform especially if you, like me, are now writing primarily about asynchronous programming, including coins and decentralized application, network effects, and object oriented programming and actor models. The stuff now usually published behind steep paywalls. It gets read only years later and progress is boring and slow. Too few incentives in principle. Until now.
The interface is reactive and clean. So the only thing missing right now is support for LaTeX. And that is mitigated by easy uploading of images. All the same a hassle, and convenience is the thing that sells technologies, and remember it was convenience that sold plain paper printing and flying.
Steem valuation will go through the roof gradually after there is added typesetting by LaTeX. Or something close enough. Tying scientific content to a monetized popular platform means you can have open access journals without the fees!
Observe that monetization and blockchain coupled to popular content gives free archiving for any other content on the same platform. Including archiving comments. Nobody will discard what is personally valuable. So it can capture much of the present academic market of institutional players by competing along the lines of lower transaction costs. Universities are bleeding money on subscriptions or subsidizing archiving fees of their individuals to have them publish without paywalls.
In other words: billions of dollars. That bump in valuation could be lasting, I suspect, because institutional players would create another market position for Steem. Institutional players are essentially huge whales that are not spending their own money ...
I watched an interview with him yesterday, and I'm like obsessed. His dedication, and intelligence. The way he goes about his work seemingly ego-less. He seems like he just buries his head in his work to get shit done! Like he came to the planet with a mission, and that's all he's focused on!
Thank you for your interview with Dan.
It gave me confidence
It gave my confidence too. I've got a couple shares of EOS so we shall see what happens.
Waiting for steemit to enter the top 10 in market cap. Definitely deserves it, very undervalued right now.
HOPEFULLY SOON
Let's claim it would @markjackson
Agreed!
Soon the STEEM will be in the Top 5 !!
We can Do IT !!
Back in MY day Steemit touched 3rd place! You whipper snappers have no appreciation for Steemit Lore... arrrr..
Wow really @blackmile.? I am staying on her ebecais to love everything about it
Yeah, I am looking forward to the time when we get back in the top 10!
I'd like to see it!
Let's pray for that @marc99
@joshsigurdson great article! Keen to hear what brought you initially to Steemit
@DollarVigilante initially brought me here in July/August 2016 and it's definitely proven itself since! :)
Steemit is one of the best place and its a pioneer who change the social media of power in to earning
here here!
Indeed @sherrya I have never been hooked like this in any digital platform
Perhaps the most experienced blockchain developer, hands-on in 3 working projects under his belt. And his interviews always nonchalant, down-to-earth personality without big ego or fast talks. When majority of people start losing interest in Facebook and come onboard Steemit, then the results will be astonishing.
Im waiting for people to ditch Facebook. Its only a matter of time. I give it a few years and we should start seeing results that are out of this world.
I think facebook is great but steemit is better @sreepyeldarb
Precisely and investing in Steemit would be greater reward than Facebook stocks. Just imagine the potential.
Hi joshsigurdson,
Thanks for the great content
The crash that happened yesterday is the biggest lesson that we learnt the hard way.
Theres No point in investing in currencies that we know nothing of or don't trust.
It's our best interest to invest in something that we Believe in.
Steemit is Belief
True @baclpackingmonk. I am a firm believer of steemit even of I have not cashed in yet
I BELIEVE
I don't feel like Steemit is changing social media.
Imo, steemit is the blockchained version of Reddit (Oh, just noticed the name resemblance).
But don't worry, a blockchained Facebook, Twitter, Instagram etc are on the way. We already have D Tube, D Sound...
I see your point but you are clearly lacking in historical viewpoint...
STEEM started ALL THAT and STEEMIT is responsible as the parent entity. So you are mostly lacking in actual historical view but your views are honest and only lack regard for truth.
I feel it is different than other social media in that I own my keys and not the steemit platform/UI. On those other places you mentioned those are 3rd parties that could disappear with my content any day and they also sell advertising and some engage in questionable privacy practices. Well those are some differences I noticed.