RE: To my friends from TSU still searching for a new home: 10 things I like about Steemit and more
On Blogging for Pennies
It is interesting to see a tsū person here on Steemit. After 6 weeks on Steemit, this is the first mention of tsū that I have seen. To me, this is strange because tsū was a major player in the blog-for-pay genre, IMHO.
I'll put things bluntly because that's the way I am...
It is easy to extract money from Steemit. On tsū, there was a $100 minimum of earnings before extraction. I busted my buns for weeks on tsū to amass a pile of pennies; no where near the required amount for withdrawal.
Here on Steemit it is possible to amass a pile of pennies and actually extract them into your bank account via cryptocurrency exchanges etc. This is definitely an improvement over tsū. If you investigate my account, you will see that I have earned hundreds of pennies from my posting over the weeks. The ability to withdraw Steem, Steem Power and SBD from Steemit.com is a simple fact.
Furthermore, if you already have fame and fortune in the media world, Steemit.com will reward you with 1000s of dollars because they desire established, proven content providers like "Dollarvigilante". However, I suspect that newbie Steemit stars also do arise, but I have no scientific evidence to support this claim other than what I see on Steemit.
The raison d'être and power of Steemit, IMHO, is it's transparent programmablility on a blockchain...
Blockchain technology is exploding and promises to make great changes to the way humanity does business etc. Steemit is open source and one can get right down and program whatever your heart desires. The collection of Steemit tools at http://steemtools.com/ is testitmony to this fact and this is only the crude beginnings of the potential for this platform.
Nevertheless, there are other players in the blockchain/cryptocurrency story like Synereo that are competing to be king rat of the crypto-blockchain-hill. Moreover, IMHO there are some fundamental issues in the blog-for-pay economic model that require resolution. On Steemit, "whales" make or break the blogger, unless one is content with blogging for peanuts and the kindness of strangers.
Regardless, the undisputable magic of Steemit is the unlimited possibilities for DIY creativity and discovery of things that have not yet been imagined in the blockchain/cryptocurrency milieu.
Thanks for commenting, @transhuman. I agree. The support for creativity here seems great and is really enhanced by the ability to do short-form and long-form work.
The way I think of the Steemit blockchain is that all the stock exchanges, electronic real estate transfer systems, credit card and banking systems, and more, all have computerized systems running in the background for tracking every little thing that's happening, down to the fraction of a stock share and fraction of a penny, including any stock splits and sales, every few seconds. The Steemit blockchain is doing the same thing, from an open source system with transparent outputs. They need the social network platform to test out and build out their overall system, with all the financial hooks and monitoring, like we see in the steemit tools being developed.
And steemit currency is just like stock in a company, but we can earn shares as well as buy them. We don't trade our shares on a stock exchange, but on a digital currency exchange, where the price fluctuates all the time depending on the available supply and demand.
It is a pretty amazing system! And the people have been pretty nice, too -- a real bonus! Steem on!
I wrote a post on tsu too but in another tone. More like okay, how do we find a home for the huge number of tsu users or ex-users looking for a haven for their posts as tsu halted
We would like to see all our TSU friends here, wouldn't we? : )
Most definitely but you will have a lot of tutoring to do!
haha -- that's ok. @kus-knee has challenged us all to mentor someone else as they come on to Steemit. I read so many documents that other people had taken the time to write, so I should do my part, too. I'm no expert, but if we share what we learn, we will do alright. Steem on! : )