Steemit

(from Wikipedia): Steemit is a social news service[2] which combines a blogging site/social networking website, and a cryptocurrency, known as Steem.

It has been reported to have >40000 users.

The steemit logo

Steem stories

A homeless man can afford to buy an RV thanks to a popular blog post. A woman earns a year’s salary from a YouTube makeup tutorial. An African writer starts with three hours of electricity per day and ends with over $40,000 dollars.

These are some of the striking and somewhat implausible-sounding stories to have emerged during the first fully operational month of Steemit, a forum-style platform that rewards community content and curation with cryptocurrency payouts.

Is Steem paying lesser over time?

As with any new cryptocurrency, there are key questions over stability, sustainability, and underlying motivation. As it stands, the bulk of the site is made up of quickly-written, poorly-researched content, some of which is remunerated into the thousands of dollars.

Image by CoinJournal (article on Steem platform and Steem value rising)

At the same time, critics have raised concerns over both the distribution of the currency and the business model of the platform, questioning the huge sums accrued by early adopters and in some cases alleging a scam dependent on new investment to remain afloat.

The principle of the Steemit platform and its three value tokens—Steem, Steem Power, and Steem Dollars.

At time of writing (22th Aug '16) there are not any 10000$+ article. Isn't that true?

Is something changing in the Steemit platform?

Bitcoin payment service, Bitwala has announced that it has added Steem, the cryptocurrency that powers the social media platform Steemit, to the list of accepted altcoins and cryptocurrencies.

According to the official blog post, Bitwala users can now use Steem to pay for international bank transfers and use it to top-up their Bitwala debit card.

One of the key features of Steem is that Bitwala users can change their Steem into Steem power and use that power to vote on posts they like; “The rewards are paid out in Steem dollars and also Steem power."

One Steem dollar is supposed to worth the equivalent of one US dollar in Steem (now 0.89$).

Conclusions

One thing is sure, Steemit is gaining popularity over and over. In my opinion we are only at the top of an iceberg. We will see a lot of nice things :)

Thank you for reading. If you liked this upvote and follow me! ;)