Reddit for bloggers: A new social network rewards users in bitcoin

Reddit for bloggers: A new social network rewards users in #bitcoin

  • The twist: Every upvote represents a small amount of steem power.
  • Steem power can be converted into steem dollars, which at the moment trade for about $3.25 each.
  • The more you have, the more power your upvote has to move someone else’s post up when you upvote it.
  • Steemit is a new social network that runs on a new cryptocurrency called steem.
  • Think of steem power as a representation of influence.

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@bitcoinagile: “Reddit for bloggers: A new social network rewards users in #bitcoin”


Steemit is a new social network that runs on a new cryptocurrency called steem. It works much like Reddit. Steemit users publish a blog post — it could be any length, any topic at all — and other users could “upvote” it. The twist: Every upvote represents a small amount of steem power. Think of steem power as a representation of influence. The more you have, the more power your upvote has to move someone else’s post up when you upvote it. Steem power can be converted into steem dollars, which at the moment trade for about $3.25 each.


Reddit for bloggers: A new social network rewards users in bitcoin