4th Street Bar Hive-Bar

Hive-Bar Powered by Hive beta-fdb5b5b

Community post

Bitwala article very positive about Steem

Nice article about Steem by Bitwala. They ask: 

Will Bitcoin revolutionize the way we’re using social networks?

and, interestingly, argue that:

Full steem ahead!

One of the killer applications for mainstream acceptance of a Blockchain based solution might be the social media platform steemit.  It’s inspired by reddit, where users can upload and vote on content.  But steemit has a twist: Being upvoted not only makes your post more  visible, but pays out Steem dollars. Every user is both a curator and a  contributor. Steem dollars are tradable like any other cryptocurrency,  with one Steem dollar trading at roughly 2.20 USD at  the time of writing, giving Steem a market cap of 230 million USD. This  makes Steem the 3rd largest cryptocurrency after Bitcoin and the  hardforked branch of Ethereum (even though Ethereum Classic is fighting  hard to get that 3rd position).

Very positive and coming from a Bitcoin company. STEEM greatly benefits from exchanges, and probably also payment processors.

EDIT: I see that (expectedly) they posted it also at steemit themselves. Maybe do the discussion there: https://steemit.com/steemit/@teambitwala/will-bitcoin-revolutionize-the-way-we-re-using-social-networks

3 upvotes $0.00

Replies (1)

Review before signing

Posting as . Signing with . Keychain permission: Posting. Hive Keychain will ask you to approve this action next.


  
Technical details

Operation fingerprint: