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Background of Steemit
Steemit is a relatively new company, founded in early 2016 by Ned Scott and Daniel Larimer.
Ned Scott earlier worked for Gellert Global Group, a family-owned private equity group which holds many North American food companies.
Daniel Larimer is the founder of Bitshares, which has the 11th largest market capitalization amongst all cryptocurrencies.
The concept
Steemit is powered by blockchain technology and uses a new cryptocurrency to reward users who upload articles, images, commentary, etc.
Other ways users can get paid is through sourcing and up-voting popular content. The earlier a person up-votes a post that becomes popular, the more is the reward.
Users are paid half in 'Steem Power' (a vesting currency) and half in Steem Dollars, which can be exchanged for US Dollars.
CTO Dan Larimer says to CoinTelegraph:
“Steemit is a brand new way to recognize contributors online, especially those who join our community early and stay long term. New users will be given a portion of Steem when they sign up and those who initiate or improve the quality of discussions, through persuasiveness, clarity, grammar and formatting, will be upvoted faster and more appropriately rewarded.”
originally posted by: intrepid
Wow. A blast from the past. How are you? Better than your link I hope. Got a 404.
originally posted by: intrepid
Wow. A blast from the past. How are you? Better than your link I hope. Got a 404.
originally posted by: intrepid
Wow. A blast from the past. How are you? Better than your link I hope. Got a 404.
originally posted by: seentoomuch
a reply to: MemoryShock
Sounds great! If it has a section similar to the Gray Area I'll be there. I saw that you sign up through Facebook, Reddit or email request. How long before I hear back via email for account set-up?
Btw, great to see you back!
STM
originally posted by: ArMaP
a reply to: MemoryShock
Hi, nice to "see" you again.
Usually, using the url tags works.
link