• Steem/SBD #Contest 2018 Based On Reputations Click Here
  Follow Me@graphyhunt

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What Is Steemit ?

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For your Artist friends out there #steemit is the First social media application to reward. Its users with Cryptocurrency but this really means for you the artist out there is that you get to come and do all the things, you are already doing and creating content for #Facebook or #Twitter or #Reddit and now you get to share it to a new platform. That’s actually going to reward you for your contribution the future is a future where Cryptocurrency is being paid out to us as we do great things inside social media applications.

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Image by "marketingfundamentals"

I've had a great experience with steemit, I've been able to create music videos and put them there and people actually give you money! For that was mind-boggling like the first time. That I put something out there and got steem back well. First of all my immediate response was. Is this really is this actual money but then I took it to exchange and traded it for Bitcoin and it was real can you talk more about like the reward system within steemit.

How It Works?

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The users are getting rewarded with the Cryptocurrency called steem. Steem is a Cryptocurrency just like Bitcoin, so it takes on a market value because people are trading. It the way that it's getting distributed though is not that other people are giving it to @graphyhunt or to the other users. There's actually a sort of socialized were Treasury where the Cryptocurrency must be distributed from and what the users actually do, is they vote to where it's going to be distributed so if you're receiving lots of votes or likes then you will also be receiving Cryptocurrency and that Cryptocurrency is going to be worth something, You can use it to buy goods and services or you can trade it for Bitcoin you can trade it for #dollars.

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By Image “rightselection”

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I've used a lot of platforms where it's pay-to-play right when you first go on to what you have to send money over there so already it's like I'm sending money to this unknown Platform. So I could be distributed is hard to be generous on platforms, where you just have a fixed pie and what's great about Steemit. It's actually not coming from my reserves I'm not giving away my Steem when I'm uploading people (You're Thinking Right?)

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100 percent right! Just look at your behavior in a taxicab or at a restaurant if you don't have money to give away and money doesn't grow on trees You know. Then you actually think about how much I am tipping the taxi driver, how much I am tipping the waiter well. When you get online and you realize that content is so ubiquitous. it's even harder to feel like you should be pulling pennies or dollars out of your pocket and just giving them away when you can go and get #content for free on places like YouTube so for tipping platforms to really work the whole model needed to be reinvented Cryptocurrency.

Can function like points and just let you have on Reddit or some other Social Media platforms you have a concept of points that. you know people are earning these things right it has Reddit Karma you're in the points, where the points aren't worth anything steem is the same concept except the points are actually worth something.

What about this Reputation system that steem utilizes?

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Reputation is information that voters can use to decide if they want to vote on your content and help you earn. However, it's not a mechanism tied directly into that rewards pool function the type of voting is actually pretty important to understand in this ecosystem we use stake weighted voting rather than one person one vote. voting which is what you might have on Reddit or Twitter so because you have steak weighted voting
You can in a fair way distribute these tokens but it also comes with the implication that the more tokens you have the more coins you have the more influence, you have so if you can get people who are basically wealthy and steem to vote on your content you could potentially earn more.

"I know a lot of people have gotten very rich by putting great content out there"

It’s been really beneficial for artists?

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If someone wants to take an even larger thesis on why people are earning inside this ecosystem they should also study Cryptocurrency and why Cryptocurrency is becoming valuable and in general as well. You know Cryptocurrency steem included just like bitcoins a new asset class it's a commodity that's offering new properties new valuable properties to people in ways, that have never all been packaged together in one product. Before you know you have the sovereignty you have the instantaneous transfers you have the low or zero fees and asset like this has never existed before. So Cryptocurrency is going to continue to become more valuable over the next several years it's worth making it bet on.

• Keep on Steemit my Friends : @graphyhunt

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EXTRA BENEFITS :

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There’s great opportunity for the independent Producer Creator artist is as you pointed out low barriers to entry we still need this in the blockchain and Cryptocurrency space.

As well we are seeing it to a great degree with steem and steemit. But even this platform needs some advancement in technology. one of the things we're going to be doing is allowing anyone to launch their own tokens which they can then use for fundraising which is something that these artists also need they need monetization of their and they need a way for their community to continue to be interested. so the tokens that they'll be able to launch on the Steem blockchain will allow them all those things hopefully will allow them to buy that #camera equipment and whatever other supplies they need to work on their creative projects.

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