We have been talking a lot about the Bitcoin killer app. This mysterious application that would make Bitcoin go mainstream. The masses would finally be using bitcoin most likely without even noticing that they are using it.
Well, this haven’t come yet but Cryptocurrency as a whole could finally just got their killer apps.
Steemit is a mix of blogging and social platform. People can register for free and start posting content right away. User get paid if their content get upvoted by other users.
How can the platform pay for all of that? There is some very interesting economy behind Steemit which would make for another very interesting post. But basically Steemit print his own money. It distribute it for article based on the amount of upvotes that an author receive. Those Steems are tradable on exchange like poloniex and bittrex.
Reddit has been the bastion of the cryptocurrency world for a while. People go there to discuss crypto topics but publishers get nothing for sharing their opinion. This is why Steemit is bound to become very popular. Users get paid for things they are already doing for free, that is publishing content.
Similar platform are schedule to go live in the upcoming months like yoursnetwork but they feature micro-tiping. People will have to take decision on wether or not they want to spend their hard earn money on every post they see. This will add a level of complexity to the user experience.
On the contrary, Steemit rewards you with crypto currency. All you need to do is upvote a post and the platform will reward the author for you.
I have been using Steemit for a few weeks. So far, my post have received between a few dollars to over a thousand dollars.
The reason why i say it is the killer app for cryptocurrency is that people get paid in crypto without having to know what is cryptocurrency. There is no need to convince anyone that crypto will liberate them from fractional banking or that government won’t be able to wage war anymore by printing money.
They join steemit to get paid to publish content and interact with other users. They get paid in crypto and soon they realise how awesome cryptocurrency is.
So in my view, this is effectively the killer app of crypto.
Until Bitcoin gets his killer app, Steemit is poise to make a lot of waves. Watch this video and come see me on steemit, My handle is @alexfortin.