If you know anything about the crypto world, then I just need to say "Blogging is the new mining"
Get an account at steemit.com which gets you 10 free Steem and if you're reading this and it's still 2016 it's probably still a good time to BUY STEEM! Unless it's already skyrocketed Again! As of today, October 14, 2016, Steemit is back down to a more reasonable valuation at the moment but the potential is so immense and the times could begin to change soon in such huge waves that some seem to think that the investing side might kick back in very soon in a big way for Steem.
If you don't know about cryptocurrencies and you're like me, you're about to go into research mode online for the next few hours and discover a whole new world!
I'll share some links below to help get you started. Feel free to contact me on steemit chat, or comment below if you have questions
If you've been living under a rock and still haven't heard of Bitcoin, that means you haven't noticed that they made an internet currency that works way better than cash and can be sent around the world quickly and easily without fees.
listen up:
Wake up! The internet is going to be here for a while and so is money - they have combined and morphed into a new thing called cryptocurrencies.
Crypto is short for cryptography and I'm just speaking of the blockchain technology that enables encrypted privacy and allows for money that is not printed by a Central Bank, but acts much like cash, but better.
If you've been under that rock for a while, you may also not be aware that the Federal Reserve Bank is neither Federal nor has any Reserves. well except that they can print as much money as they decide. It's a brilliant scheme in a way. Being backed by the petro dollar and the gigantic American industrial/prison/energy/pharmaceutical/military complex, the central banks can print tons of money and still not go into hyper inflation.
I don't think that system can, should, or will last much longer though. Anyone who has seen the bubbles grow and burst and has taken a look at Austrian Economics or just thought about the future a bit, can see that the current economic system is not sustainable. It must change. It will change. And it is changing already.
If you don't even own any cryptocurrency (like I didn't 2 months ago), Get a Steemit account Now! Since, I finally decided to take a hard look at crypto tech and see what was really going on I have seen the future! I've seen further into the future, too - at least the one I dream of. Honestly, I Feel like we're almost THERE. Time is literally speeding up and as it does, It seems that eventually everything will be happening right now! Now Time! The Singularity!
Again, I digress. Steemit is a game changer. Hurry up and get your Steemit account!
Get it here: https://steemit.com/
I'm not an investment expert. There is risk involved if you decide to buy Steem of course, but like most revolutionary movements, taking the risk could mean huge rewards! If the world isn't ready, it could also fail completely though, so invest at your own risk, but personally I would have too much FOMO to not at least make a small investment. To get free steem and start earning steem immedietely sign up for your free steemit.com account now and start making some money for what you're already doing on facebook and reddit!
I've also noticed India has become the second biggest user base for steemit according to www.alexa.com
That might be the beginning of a huge wave of new Steemit users. With a billion people and a huge tech savvy, English speaking population, India could transform Steemit and be transformed at the same time. I just had a thought that the poorer citizens of India would be most of the non English speakers. I need to start an ESL course on Steemit, if no one has done that yet. but I digress... Steemit is going to help the revolution and empower anyone that can bring any value to the system whether it be creating content, curating, or developing other projects to add to the platform.
Wikipedia Links for an introduction to Crypto
https://en.wikipedia.org/wiki/Cryptography
- Start on wikipedia for the fundamental understanding of what is at the base of this technology
https://en.wikipedia.org/wiki/Bitcoin
- Bitcoin is what has really kicked this whole crypto movement in gear.
Steemit Links
https://bitcointalk.org/index.php?topic=1466593.0
- "Blogging is the new mining" From May 2016
http://www.coindesk.com/steem-provokes-doubt-market-observers/
- A skeptical viewpoint of Steem. From July 2016
http://www.coindesk.com/steemit-blockchain-social-media-how-works/
- How Steemit works. From August 2016
- An interesting Forbes article about Dan Larimer, the co-founder and CTO. From October 2015
Interesting to see India has become the second largest user base! Had no clue!
But yes, we do have a huge English speaking/writing population around here and it would be huge if steemit catches on.
The successful cryptos has a very particular niche that they are contributing to. Bitcoin resolve the problem of international transactions, DAO and classic ethereum have the smart contracts, litecoin faster transaction and so on.
The problem with steem is promoting content but without the money associated with it. Yes, content is the king in the internet reality where publicity drives the money to the content creators. The dissociation between content and publicity in Steemit is not sustainable. You cannot pay, real fiat or crypto, without ads or any kind of structure that take advantage of the high traffic that Steemit have. We need urgently a market to gives real value to the steem, but the price of steem will tend in the long term to its real value that is zero. The value of any crypto depends on the faith of their community that it is solving a real necessity and the number of exchanges that it generates.....
Yeah, it is interesting to consider the relationship between the price of Steem and the progress of Steemit. Either one doing well will help the other do well along with it. Conversly if one of the two is doing poorly, it will have a negative affect on the other, so they will either synergistically explode in growth or collapse into nothing.
I'm sharing this on fb and twitter, more people need to join up!
Thanks @lyndsaybowes!
Great post, with good links. I feel this is the movement of the future too, since it can not be controlled by the central banks. I actually just started learning and set up my blocktades account and my bitshares account yesterday with the help of @christoryan.
Nice! I haven't even done that yet. Thanks for the comment. Yeah, i was just trying to write something that might make it to someone who doesn't know anything about it. Pretty much like I was not too long ago.
Very cool
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