- Thread starter
- #3
Ok this is the second time I've heard of steemit since I got into bitcoin on the weekend so I'm going to take the hint and just ask.
What's the real deal with steemit? Is it just a facebook that pays you in crypto in the same way youtubers make adsense? How many users does it have, how quickly is that number growing?
Steemit's not like facebook, it's more of a blogging platform. The way users earn Steem isn't at all similar to the way YouTubers earn adsense, it's based on upvotes from people who like your content, rather than ad-clicks or views. There aren't any ads on Steemit, unless a user posts one inside their blog post. Few people do that though.
The active user base is relatively small, but not that small. According to rankchart.net the Alexa Rank hovers around the 2,200 range. Compare that to facebook, which ranks at #3, and FastLaneForum, which ranks at around 77,000.
The thing about Steemit is that the more it grows, the less people seem to be getting paid.
Apparently a few years ago a popular post could make thousands. These days, the highest paid posts on the trending page most often make $200-$600. Many people post several articles a day though, and maximize their earnings that way.
Comments can be upvoted as well.
There's quite a bit to Steemit. It was designed by blockchain tech genius Dan Larimer, who has since moved on to other projects (check out EOS, which is basically an Ethereum competitor... some say Ethereum killer).
Steemit's FAQ goes into a lot more detail: Steemit