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RE: My story about Steemit for Backchannel: 'The Social Network Doling Out Millions in Ephemeral Money'
Great article @andrewmcmillen! This is such a critical statement (below). Steemit represents an entirely new way to look at social networks on the web. Content has value, a tremendous amount of it. STEEM is positioning itself to flip the script and forever change the way in which we engage the internet.
"While moguls like Mark Zuckerberg got rich, the content creators who fueled networks like Facebook got nothing. Steemit’s creators outlined their intention to challenge that power imbalance by putting a value on contributions: “Steem is the first cryptocurrency that attempts to accurately and transparently reward…[the] individuals who make subjective contributions to its community.”