Steemit Makes The Mainstream Press Again in Observer.com Article - We've Got a Reporter Amongst Us

Steemit was the subject of a favorable article in the mainstream digital press today . You can read the full article at Observer.com. It's a very lengthy piece that does a great job of boasting some of the major selling points of Steemit over the established social media status quo of mega corporations.

What if the people who made social networks great owned those social networks? Would it make the internet better? Or more annoying?

We recently reported on Heidi Chakos, the Steem user who has funded her travels around the world by earning virtual currency on the network. Not only is Chakos earning cash by using the site, she’s earning a stake in the company. Users’ posts are awarded with virtual financial products called Steem Dollars and Steem Power. The former works like a futures contract on the actual token, steem (its answer to bitcoin). The latter works somewhat like equity. Chakos told Observer in an email that she won’t be touching her Steem Power for a good long time.

So does user ownership result in a better social network? We spoke with Ned Scott, a co-founder of Steemit, the company that created the social network and the cryptocurrency, about that question via phone recently.

He says it gives a new power to users of the web. “For the first time, Steem has come into the sphere as a model, where giving their time and their attention actually yields rewards for them,” Scott said. “As soon as there are rewards on the table, people will do everything they can to maximize the rewards that they they get.”

Full article: http://observer.com/2016/09/steem-tsu-social-networks-spam/

At the bottom of the article the author reveals their Steemit identity too. You can find him right here on Steemit as @bradydale. If you liked the write up maybe you should follow him here and toss a few upvotes his way.

I also did a little digging on Observer.com to see if anyone will be reading this article and they have some impressive numbers. With an Alexa score in the USA of 1,506 and worldwide score nearing the top 5,000 and growing.

Their Compete.com score estimates their monthly unique visitors at over 4 million. This kind of exposure is exactly what Steemit needs right now to keep growing.

:)