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During an interview Josh Sigurdson conducted with Dan Larimer, creator of Steemit, EOS and BitShares, Larimer goes into the revolutionary blockchain innovation that is Steemit.
Steemit as we tell our viewers often is a blockchain based cryptocurrency social media platform where users can post content and be upvoted by other users on their posts which makes them money in Steem and SBD. SBD (Steem Backed DollarS) is a risk mitigating token given to creators but has found a life of its own. It’s supposed to be pegged around $1 USD, but has found its way up above $10 USD in recent days making creators a lot of money when they cash out.
As other platforms cut off people’s revenue based on their views, Steemit is a real free market system based on individual demand. As Larimer also points out, it’s the only cryptocurrency out there with password recovery options.
The potential for Steemit is incredible and life changing for so many in independent media. For so many writers and photographers. It’s the future.
Being the first major social media on a blockchain, it’s growing in leaps and bounds on a regular basis with many of its passionate users going out of their way to promote it on the streets, like WAM’s frequent guest Stephen Kendal.
Considering how many people have yet to find Steemit and the number of big names and personalities that have recently gotten accounts on the platform, there’s no doubt that we’re going to see a massive climb and a huge adoption phase down the road. It’s just a matter of time. Nothing this innovative goes without recognition eventually.
We appreciate Dan’s time and hope you also check out EOS.io as the future of cryptocurrency couldn’t be brighter.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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