Websites That Pay Users With Blockchain Aim to Disrupt Facebook

David Kadavy used to post on Facebook without expecting to get paid. Then blockchain came along.

After stumbling onto a new corner of the internet based on the digital-ledger technology, Kadavy said he gets paid to post his blog and podcast on Steemit, a website whose text are saved on a blockchain. The site has its own digital currencies, the best-known of which is called Steem, and pays people such as Kadavy who post and comment on the site. Kadavy, a 38-year-old American writer living in Colombia, said he made about $2,000 in January.

“I feel like I’m in the Stone Age when I’m on Facebook or Twitter,” Kadavy said. “They have no value without what you’re contributing to them. If Facebook doesn’t respond to this, things can change very quickly. They should be very concerned.”

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