FACEBOOK AFRAID!! | STEEMIT

I tried Steemit and found resounding success with it. Last April, I signed onto the network, bought approximately $100 worth of the steem currency, and contributed content consistently. In less than two months, my steem coins are worth well over $3,700. In contrast, I made zero dollars with Facebook, and not even FB stock could offer me a 3,600% return on my money.

Invariably, though, new Steemit users fear that the money has already been made. But that’s just not the case. For example, user “@silverfortune” signed in just days ago, and is slated to make over $100. A musician going by the screen name “@wvm” is selling his music through the social media network. Cryptocurrency news aggregator “@technium” makes consistent money blogging about bitcoin-related events.

Additionally, Steemit users can generate income through content curation, which involves voting for and engaging with content creators. Curators “@cassidyandfranks” and “@artbyjulia” have racked up steem coins doing exactly that.

In most cases, the income is nowhere near life-changing. However, the fundamental danger to FB stock is that Steemit successfully demonstrated that social media can financially benefit regular folks. Once more people recognize that — with effort and dedication — you can earn cryptocurrencies for activities that are usually done for free, it’s hard to imagine why anybody would still use Facebook.

As of this writing, Josh Enomoto was long bitcoin and steem.