Steemit - the new reddit

Hi Guys,

I am new to steemit, but I can already see its potential. I have been watching cryptocurrency and blockchain technology for many years now. I am vested in bitcoin, reddcoin, and just about any altcoin you can name. I pretty much own a >$1000 stake in top 20 market capitalization coins on http://coincap.io/

I am also a software engineer and blockchain developer, and for some time I have been looking into how to 'monetize' the like button on facebook using blockchain technology in my spare time. I've been very interested in the idea of providing a mechanism to users to encourage high value content; to allow posts on facebook to become richer, and more entertaining. At the same time, the poster could make a living providing interesting and curated information for the public, their friends and family alike.

I personally think steemit will quickly replace http://www.reddit.com, in the same way the online news and twitter has replaced the brick and mortar journalist of the past. My top 10 reasons justify this position:

1. Movement of capitol with blockchain technolgy is cheap, quick, and secure.
2. The like button currently has no inherent value to either the 'likee' or the 'liker' on competitors websites
3. reddit doesn't currently rewards its users for posting content, or reading and curating it.
4. Providing incentive for high quality posts reduces spam - and provides a high quality rank of content
5. Readership on steem will increase exponentially as web site crawlers (a.k.a. Google Bot) discover high quality original content in this site - posting it with high 'rank' in search engine indexes.
6. blockchain technology has yet integrated with social media technology in a harmonized way by any competition - there is a large technology 'moat' around this idea.
7. steemit value for posts will begin to be used to help determine 'search rank' content by search engines algorithms.
8. steemit has yet to realise its marketing potential for big business to invest in high quality content and engaged user community.
9. business will be setup around steemit, paying professional journalists to post high quality content for a fixed pay, and taking any additional returns at risk.
10. steemit is damn easy to use and easy to understand :)

I am looking forward to the bright future here.

Ice