In the News: "Can This Social Media Site Make You Rich?"

in steemit •  2 years ago

In May, Mahmud Adeleye was living on one dollar a day in West Africa. A month later, he joined Steemit, a new social-media platform that rewards users with its own cryptocurrency. The more "upvotes" – likes, essentially – a post gets, the more it earns. By August, he had made the equivalent of $41,000 – plus another $18,000 after posting his story about this transformation.

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The answer is probably "no" as it generally is for headlines like that. Only a very few will get rich, but it's at least a chance for more people to earn something on-line from their writing, music, video etc.

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yeah, I agree. it's probably too late at this point.

This post has been ranked within the top 50 most undervalued posts in the second half of Nov 12. We estimate that this post is undervalued by $5.55 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Nov 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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