Did you miss the Bitcoin wave? Couldn’t figure out how to make such a new and complex system work for you? Don’t worry—there’s a new cryptocurrency in town, and it’s known as Steem.
Steem isn’t just another Bitcoin. Though it’s a blockchain system that can be mined through your CPU, it’s also more than just a currency. It’s a social platform—one that rewards users who create and curate high-quality content. Like on Reddit, users post articles to be “upvoted” (or curated) by others. Upvotes equal tips, and in most cases, more upvotes means more money. It’s like getting paid for every “like” your status gets on Facebook.
But not all upvotes are created equal. Certain users have more “Steem Power” (SP) than others; the higher SP they have, the more money their upvotes will dish out. SP makes up half of every tip, meaning for each upvote your article receives, you’re getting SP and Steem Dollars at the same time. The more you post (and the more people love your content), the more power you have to tip other users. You can also buy SP Units online, giving you a bit of stake in Steem, Inc..
Steem was launched in May of 2016, so it’s still very much in its experimental phase. Changes are being made to Steemit (the Steem currency social platform) every week—in fact, the site now requires a Facebook or Reddit account to sign up. And while there doesn’t seem to be an official Steem guide, plenty of Steem geniuses are coming to the rescue with their own handy how-to’s (on Steemit, of course).
From an economic perspective, what makes Steem any better than blogging on traditional platforms or selling pre-written articles to publications? Rather than relying on ad revenue or flat-rate article sales, Steemit users are paid based on quality of content. With any background and little to no blogging experience, you can still earn thousands on Steem.
Wait . . . thousands?
Believe it or not, some Steemit users are earning upwards of $10,000 per article they post online. User “Guerrint” earned over $26,000 after posting Steemit’s very first makeup tutorial (subsequently, a male user followed in with a parody tutorial that generated $9,000). Some newbies are even earning thousands for their #introduceyourself posts, where users do just that, writing about their lives and explaining what they plan on using Steemit to publish. A little more lucrative than blogging, right?
Even though Steemit is a newer platform, the likelihood of a decent payout is usually in your favor—since curators (AKA other users) aren’t upvoting articles at their own expense, they’re more likely to tip your post. But how do you make sure you aren’t left with just a few pennies to your username? Posting original articles is a no-brainer, since curators only upvote fresh and thoughtful content. Transparency is a factor, too, as the community tends to value new perspectives and believable stories. Look to any user-written guide, and you’ll find that most Steemit experts recommend writing what you know and devoting some of your time to curating new content. Support the Steemit community, and they’ll support you right back.
Normal blog post guidelines apply to Steemit articles, too. Proofread your content for spelling and grammar errors, and divvy up your post into shorter paragraphs. Engage with users who comment on your article. Don’t make yourself look reluctant to be there, or even just there for the money. Instead, focus on what you’d like to provide to the community. (“I can’t wait to share my travels with you guys!” or “I’m here to help explain the concept of cryptocurrency over a series of posts.”)
As previously mentioned, Steemit is constantly evolving to meet users’—and the Steem system’s—needs. At the moment, Steem lacks internal editing (the ability to bold, italicize, underline, or otherwise format text), a notification system, or post bookmarking. Steemit is rich with feature suggestion threads and new ideas, and as the platform gains popularity, it’s expected that many of these features will become a part of the system. But as more users join, the competition for visibility increases . . . so get in while you can.
How will you use Steemit?
Originally posted on my site... http://bizwarriors.com/steem-way-finally-get-paid-awesome-content/
"Steem lacks internal editing (the ability to bold, italicize, underline, or otherwise format text)"
You can do all of these things, you just need to use Markdown in order to accomplish this.
@dev00100000 - Learn something new everyday, thx for sharing!
Pr3cisely :)
Thanks for the upvote @officialfuzzy! I haven't had an upvote like that since my #introduceyourself blog! :)
Not to be mean but I believe everybody here knows this information, that is why we are here. It should be posted on other sites for promotion.
Hi @karbonxx - I am a writer for Entrepreneur magazine among many other biz magazines and just wanted to let the @Steemit community know that I am a huge believer and supporter and am spreading the word to the masses. At this point... this is one of the only ways to make the @Steemit community aware of what I am doing to try and bring the right kind of people to this excellent place to showcase their quality content. Hopefully you understand why I am posting it here as well... #beyondbitcoin
I 100% agree with this @smallbusiness. Good point and please feel free to put the #beyondbitcoin tag on anything blockchain related in your sphere of knowledge. Since you write for business magazines I am certain that if you write things about steemit and/or other blockchain technologies' uses in the business world (which is probably not too tough considering it would provide a foundation for new kind of businesses altogether), I will likely upvote it.
I try to spend most my time reading posts that have been tagged with #beyondbitcoin as it helps me form relationships with people who are thinking along the same lines as me.
Great work man and keep proving to people that even "Minnows", if they are persistent and bringing value, will at least earn more than they would in most other places for their work on day one! :)
You made me notice!
You totally get it @officialfuzzy .. You're a rockstar!!
New users keep flooding every day, and as old explanatory post s disappear, it is good for noobz to see this kind of content even if for pgm it is boring
@jako - very true!! Thank you for taking the time to express this true fact! Keep rockin'!!
Well not all that glitters is gold. There have been some pretty trivial articles that have done really well. I see more and more people though posting great stuff. It does seem like it takes a long range point of view. https://steemit.com/steemit/@iamwne/persistence-approach-to-steemit-a-practical-guide
Very true @iamwne but we have to stay focussed and on track with letting the right people know about the @Steemit community and the trivial garbage articles will be pushed aside for the quality ones... it's only a matter of time! Thank you for taking the time to comment..
I agree but I fear loosing some of those very same people. I just posted a Steemit proposal https://steemit.com/steemit/@iamwne/proposal-to-amend-steemit-interface I think there is more that can and should be done.
@iamwne Your Steemit proposal link does not work for some reason... Please check it out. Thx
I had a trailing period after the link. Thanks for letting me know.
Ofcourse we will use steemit and will keep using it , i already deactived my facebook account , if facebook pay like steemit i might consider as rich whales :p .
Thank you @bison015