You're right steemit has much better design than reddit. but I don't understand the curation aspect of it and how they can sustain paying out for posts without incoming revenue?
You are viewing a single comment's thread from:
You're right steemit has much better design than reddit. but I don't understand the curation aspect of it and how they can sustain paying out for posts without incoming revenue?
Hi Porygon,
Thanks for the comment. I believe that blockchain makes plenty of bitcoins on daily basis, and steemit have gain behind this idea too. It is like win-win situation for both sides and I do not think that steemit require ads to sustain. This is blockchain-based social media and I am sure that they will live forever. I'm very happy for this great opportunity given by steemit to us.
Curation thingy is simple. if you vote for good posts, then chances are that, whales will vote too and if whales vote after you, then you get pretty awesome amount of steem powers. In reddit, you might get points but they do not mean anything in reality. These steem powers worth money. Current rate for 1 SP = 2.156 SBD . Even if you raise 4-5 SP a day, then you are making a decent amount of money.