My Immediate Concerns:
Let me preface my concerns with my understanding of how this platform works. From what I have gathered, you earn steem cash through posting content and having other users comment/upvote that content which they in turn also receive steem cash for commenting on your content. This steem cash is then convertible to either steem power or the steem cryptocurrency which you can then go on to turn into cash through cryptocurrency exchange services. With all that being said, how is this profitable for those behind Steemit? How much longevity will this site have (Meaning will it die after the massive influx of new users at launch)? Is it possible for common users like myself to reach the level of popularity that the more established users possess?
Let me preface my concerns with my understanding of how this platform works. From what I have gathered, you earn steem cash through posting content and having other users comment/upvote that content which they in turn also receive steem cash for commenting on your content. This steem cash is then convertible to either steem power or the steem cryptocurrency which you can then go on to turn into cash through cryptocurrency exchange services. With all that being said, how is this profitable for those behind Steemit? How much longevity will this site have (Meaning will it die after the massive influx of new users at launch)? Is it possible for common users like myself to reach the level of popularity that the more established users possess?
Please comment below with your opinion/understanding of this platform!