Keep up to date with every new upload!

Join free & follow Liberty Entrepreneurs
Share
  • 2 years ago
EP48: Steemit.com - The Future of Social Media w/ CEO Ned Scott

EP48: Steemit.com - The Future of Social Media w/ CEO Ned Scott

Today’s guest is Ned Scott, CEO of Steemit.com and the crypto-currency Steem which is a blockchain built to reward and incentivize content creation and social media engagement. Basically it’s a website like Facebook or Reddit, where people can follow others, post content and engage in the online community, but there’s a difference. Unlike Facebook and Reddit, where users only get “good feels” when someone LIKES your post, on Steemit.com you actually get awarded with the crypto-currency, Steem, which currently has a value of ~$1 each. I”ve seen people, like Jeff Berwick, make $16,000 on a single post. Trust me, I was in disbelief at first too.

Now, there are PLENTY of people who call Steemit.com and the Steem crypto-token a scam and a pyrimid scheme. There are various reasons why fellow crypto-friends either don’t understand or don’t trust Steem; many of them have valid reasons. Ned and I chat about the economics of Steem and how they created a coin, wrapped in smart contracts

Comments