Meet the Reddit-like social network that rewards bloggers in bitcoin [yahoo finance]

https://finance.yahoo.com/news/steem-steemit-bitcoin-reddit-cryptocurrency-000000501.html

TLDR

That's tiny, sure, but more steem is created from more activity on Steemit, and the $300 million market cap of steem is enough to rank it No. 3 among all cryptocurrencies, according to CoinMarketCap, behind only bitcoin and ether, the currency of the Ethereum network.
The site pays you 24 hours after a post; 75% of the steem power goes to the writer, 25% to the curators-that is, those who upvoted the post, in different amounts according to their influence.
The system cashed that out to me in half steem power, half steem, so I have 37.5 steem dollars in my wallet, which translates to $120. Not bad.If all of that sounds rather complicated, Scott insists that users don't need to worry about how the system works to use it and make money.
She used the exchange web site Bittrex to convert steem dollars to bitcoin, then sent that bitcoin from Bittrex to her Coinbase account, then transferred bitcoin from Coinbase to US dollars in her bank account.
The ambition matches what another bitcoin reward company, ChangeTip, wants to do; it calls itself a "Love button for the Internet." The social tool lets you send someone a tip, in bitcoin, for a blog post you enjoyed.
Steem, he argues, makes more sense for the internet because, "It's more like someone's influence. And the more someone has, the more they can promote their own posts up the blockchain, and the more they can promote other people. It's something that eventually publishers and brands will want to use to promote their own content."