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Type of review

Revainrating 5 out of 5

Social media blockchain

Social media blockchain

Pros
  • It's one of the fastest cryptocurrencies and it has an amazing community. Steemit has proven to be a succes of the team.
Cons
  • There are people that are apart of the Steem community that have a lot of money and steem power because they joined a long time ago and although it is supposed to be decentralized, profiles with a large amount of money can often influence a rule if they

Revainrating 4 out of 5

There are extraordinary aspects to this - it's a fully functional social…

There are extraordinary aspects to this - it's a fully functional social network which is decentralized on the blockchain. It works, unlike 99.9% of crypto projects. It works well and fast. But there are issues, and only time will tell if these will ever be addressed.

Pros
  • - It is a fully functional, blockchain-based, decentralized social network. This alone is incredible. - The basics are simple: There are posts, with comments. Each post has up to 5 tags. You can search by tags. You can upvote or downvote any post or comment. - The transactions are faster than almost any other blockchain right now. You can send directly to a user with just his username, no need to copy and paste addresses. - There is an enthusiastic and growing user base with communities and projects popping up all the time. - There are quite a few security features that are nice: you can put your steem into "savings", which makes it so that it takes 3 days to get it if you want to withdraw. So even if your account is compromised, they can't just take it. Same thing with Steem Power. - A social network is the ideal form of DPoS (delegated proof of stake). This is because the witnesses post and you can interact with them and see who they are. Also, since the users earn through content, the witnesses don't need to pay people to vote for them. This makes it so that people vote for witnesses that they like.
Cons
  • - There was a very sketchy and seemingly dishonest pre-mine, which resulted in the founders holding more than 40% of the Steem in existence. Ned Scott admits to this on the episode of the podcast Epicenter where they interview him (google it). Many believe the number is a lot higher. They are constantly moving money through many different accounts. This is worrisome and troubling in many way, in particular in terms of centralization. The founders may own more than 51% of all steem, which means they essentially own the network and can vote in whichever witnesses they want at any time. - People are able to "game the system" by creating multiple accounts and upvoting their own content. The fact that the amount of Steem Power you hold directly determines the worth of your upvote is problematic. There are cases of rich users upvoting their own mediocre or worthless content and getting rewarded, and there is little anyone can do aside from downvoting them, but there is no real incentive to do so. - The use of bots to buy votes has made the platform very artificial feeling at times. All the "trending" articles are simply the articles written by people who spent the most on vote buying. - Anyone can build a UI on top of the public blockchain, but there are still no good mobile apps, and the only decent web UIs are steemit.com and busy.org, both of which leave a lot to be desired in terms of usability. - The coin system, with steem, steem power, and steem dollars, is extremely confusing for newcomers. - The Steemit development team doesn't seem to be active beyond developing Smart Media Tokens, which may or may not even come to anything.

Revainrating 4 out of 5

Who has social success, for now there is only the Steemit platform. You can…

Who has social success, for now there is only the Steemit platform. You can sell and exchange Steem coins like any other crypto.

Pros
  • Steem is "a blockchain-based social media platform where anyone can earn rewards". You sign up and you earn something every time, for example, you publish a content that other users find useful.
Cons
  • It's not so sinply to earn coins. Users must be very patient.

Revainrating 5 out of 5

New comers in the cryptocurrency world should try this out. It can be…

New comers in the cryptocurrency world should try this out. It can be particularly fun for good writers and commentators.

Pros
  • This is a social media network where you can earn for posting articles, upvoting/liking and replying on the posts of other users too. This is one of the few sites where social media users benefit from commenting and posting.
Cons
  • You can earn a reasonable amount of Steem only if you are patient enough. It takes time but you do earn reasonably well eventually.

Revainrating 2 out of 5

The Steem platform is a good way to earn money at medium term (some months to…

The Steem platform is a good way to earn money at medium term (some months to one year), especially if you are dedicated to exploring the flaws of the reward equation for great returns in a few months of time. But do not invest all your time on it. Unfortunately all the equation that surrounds it is defective, someday it will go bankrupt. Like Pyramid Schemes.

Pros
  • Steem is a social media that pays for the posts in the first 7 days by the degree of likes they have received. It´s a way to enter at cryptos without spend money
Cons
  • The old Steem content publishers are using the platform to make it difficult for new members to enter and increase their own earnings. I believe the equation in which a person with high reputation manages to prevent or leverage someone's post something that will destroy the platform in the long run. If they do not change it, it will go bankrupt.

Revainrating 5 out of 5

If you want to get into something that you may earn a small amount of crypto…

If you want to get into something that you may earn a small amount of crypto from while having fun then this is for you. If you want to make some serious gains from this then you will have to fall in love with the platform and then the money will come. It will also take time. Unless you dump loads into the platform of your own money then expect the build up of earnings to take a very decent amount of time.

Pros
  • You can join with no money invested and if you are a great content creator with a TON of patience, then you can make some profit in the LONG term. Its also a good place to meet people and there is a minimal amount of trolls due to people having money on the line. There are some decent articles and its fun because its different, way better than facebook that's for sure.
Cons
  • There are people that are apart of the Steem community that have a lot of money and steem power because they joined a long time ago and although it is supposed to be decentralized, profiles with a large amount of money can often influence a rule if they want by using down votes to take away the profit of another user if they feel they do not deserve it. Also, there are profiles that use different tactics in order to cheat the system and unfairly gain from the reward pool in turn causing a loss for other hard working users. Innocent users are also often caught in the cross fire from the upvote/downvote fight that the big whales have. Also lacks content diversity because of user base, mostly bloggers and photographers.

Revainrating 5 out of 5

good

good

Pros
  • good
Cons
  • good

Revainrating 4 out of 5

The social media currency!

The social media currency!

Pros
  • It's one of the fastest cryptocurrencies and it has an amazing community. Steemit has proven to be a succes of the team.
Cons
  • They are not as fast as should be implementing new UX in steemit.