Table of contents
Decentralized Platform
Steemit is built on blockchain technology, which means it operates on a decentralized network. This reduces the risk of a single point of failure and protects against censorship.
Monetization Opportunities
Users can earn cryptocurrency (STEEM, SBD) for creating and curating content, providing a potential revenue stream for content creators.
Community Engagement
Steemit fosters a strong sense of community, allowing users to engage, discuss, and vote on content, which can lead to more interaction and collaboration.
Transparency
Blockchain technology ensures that all transactions and actions on the platform are transparent and publicly verifiable, enhancing trust among users.
Low Fees
Transactions on Steemit are relatively low-cost compared to traditional financial transactions, which can benefit content creators and users.
Steemit can be a worthwhile platform for those who are interested in cryptocurrency and value decentralized platforms. However, it has faced challenges such as fluctuating token values, competition from other platforms, and changes in community dynamics that might affect user experience.
We have collected here some useful links to help you find out if Steemit is good.
Check the traffic stats of Steemit on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of Steemit on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of Steemit's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of Steemit on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about Steemit on Reddit. This can help you find out how popualr the product is and what people think about it.
There are decentralized Reddit alternatives already, go check Steemit and Peakd. Source: over 2 years ago
Steemit: steemit.com A blockchain-based platform where users can earn cryptocurrency for creating and curating content. - Source: dev.to / over 2 years ago
In concept similar to https://steemit.com. - Source: Hacker News / over 2 years ago
Very interesting to see https://steemit.com/ near the top of that list. I remember when they got started, interesting to see how much they’ve grown. Source: over 2 years ago
Also, steemit where getting upvotes makes you money or something? I dunno, it's an alternative. Source: over 2 years ago
Sure! Here are the domain links to the decentralized alternatives I mentioned: 1 Steemit: https://steemit.com/ 2 Mastodon: https://joinmastodon.org/ 3 Scuttlebutt: https://www.scuttlebutt.nz/ 4 ZeroNet: https://zeronet.io/ 5 Aether: https://getaether.net/ Please note that these links are current as of my knowledge cutoff in September 2021, and there's a possibility that the domains or... Source: over 2 years ago
Try the Hive version. I wish people would stop linking to steemit.com. That site is defunct. Source: over 2 years ago
Sounds somewhat similar to “steemit” [0] crypto. However, the main difference is you gain coins from users voting (aka liking) your content and not p2p sharing aspect [1]. You have a cool idea so I’m curious myself what others will mention in this discussion. [0] https://steemit.com/. - Source: Hacker News / over 2 years ago
Some business models like UniSwap collect fees as part of their operations. Other models make money when users invest in the platform, like Steemit. - Source: dev.to / over 3 years ago
A lot of the new decentralized apps are introducing their own tipping systems, and even their own cryptocurrencies for achieving this. But the issue with this is the difficulty of use: in order to "tip" on Steemit, for example, you'll need to create an account, link your wallet and transfer funds. - Source: dev.to / over 3 years ago
Steemit: It is a blockchain-based blogging and social media platform that rewards its users with cryptocurrency for publishing and curating content on the platform. - Source: dev.to / over 3 years ago
Personally my bet is whatever Facebook killer does emerge is going to be built on Revolution Populi. As we lean into the age of DLT/blockchains, I just can't imagine a new social network emerging at this point that's another centralized service. It will be built leveraging blockchain, and it will attempt to define socialcapitalism. Kind of like Steemit, only targeting Facebook's audience instead of Reddit's. If... Source: over 3 years ago
You need to create an original article about PNXBET or what is PNXBET must be 500 word minimum and also with PNXBET images and should be publicly published to medium.com reddit or steemit.com. All content must be original and submitted the same day of posting. Source: over 3 years ago
Have a look at https://steemit.com/ Most probably there are moreproject like this in the crypto space...? Source: over 3 years ago
Example of web 3 platforms are Steemit, Diaspora, Augur, Opensea, Everledger among many others while examples of Web 2 platforms are Facebook, Twitter, Binance, Upwork. - Source: dev.to / over 3 years ago
User adoption seems to be a huge hurdle for alternate platforms. Both Hive and SteemIt utilize blockchain, and are decentralized (well, Hive is at least, Steem not so much), but neither really has a strong following relative to other social media sites. Source: over 3 years ago
The karma farming point reminds me of Steemit: https://steemit.com/ I visited this a couple of years ago to see what all the fuss was about, and what I saw were many people from mostly developing countries posting very low quality comments and content, all in the hope that it would bring them money. Once you change incentives like that, you don't need to worry about posting quality content, you're only focused on... - Source: Hacker News / over 3 years ago
Also, the link you provided is bullshit-- Moloch and Melech are related words in hebrew, but not at all the same like "steemit.com" is alleging. Just because you read something, badly written and unresearched, doesn't make it true. There is no proof the Bohemian Grove group are anything other than weird rich people-- and there is absolutely no evidence they are raping and murdering children there. Source: over 3 years ago
Hive.blog (Hive chain.) Ecency.com (Hive chain.) Peakd.com (Hive chain.) Steemit.com (Steem chain, decentralization is debatable due to Justin Sun takeover.) Mastodon.social (Decentralized, but not blockchain based.) Lemmy.ml (Doesn't seem to be blockchain based, but still decentralized.). Source: over 3 years ago
In honor of whale teeth, ecency.com. For a different look, hive.blog or peakd.com. If not as focused on pure decentralization and prioritizing more traffic, steemit.com. Another alternate, lemmy.ml. Source: almost 4 years ago
Steem is a blockchain based alternative to reddit that I’ve followed for quite some time. So far it hasn’t really achieved a critical mass of users/posters necessary to become worthwhile but maybe if enough redditors migrate en mass that could change: https://steemit.com/. Source: almost 4 years ago
Steemit is a platform at the nexus of social media, blogging, and blockchain technology. Built to facilitate content sharing and community interaction, Steemit stands out for its unique monetization model, using cryptocurrency (STEEM) to reward users for their engagement with the platform.
The platform is often categorized alongside established social media giants and burgeoning blockchain-based alternatives, often cited alongside Reddit, Facebook, X (Twitter), and Mastodon in discussions concerning social media networks and online community spaces. However, it differentiates itself significantly by leveraging blockchain technology to decentralize content management and incentivize user participation financially.
Public opinion of Steemit varies, largely depending on the user's tech-savviness, interest in cryptocurrency, and commitment to decentralization. For those deeply entrenched in cryptocurrency and blockchain sectors, Steemit presents an appealing proposition as a blockchain-based social media platform. By allowing users to earn cryptocurrency for creating and curating content, Steemit provides an opportunity which many in the cryptocurrency community find attractive. Articles frequently mention Steemit as a viable alternative for individuals seeking to align their publishing efforts with financial gain, especially if they can consistently engage their audience and achieve viral reach. A compelling feature for crypto-enthusiasts is how upvotes translate into tangible income in the form of STEEM tokens.
Nevertheless, critiques of the platform often arise from its implementation and execution, particularly focused on user experience and the quality of content. Skeptics point to the low quality of content produced by users, primarily motivated by financial gain rather than genuine quality or creative expression. The emphasis on monetary reward has contributed to a perception of Steemit as a platform filled with low-effort posts lacking substance. Additionally, there are concerns about its decentralization, particularly following Justin Sun's takeover of the Steem blockchain, which raised questions about how decentralized the platform truly is compared to its blockchain peers.
Despite its distinctive attributes, concerns surrounding Steemit pertain to its actual user adoption and reach compared to mainstream platforms. While its blockchain underpinnings promise independence from the constraints of centralized data exploitation—an attractive feature for privacy-conscious individuals—challenges in establishing a critical mass of active users and maintaining content quality remain.
Overall, Steemit's differentiation in the realm of social media draws a spectrum of interest, from enthusiastic support among crypto and blockchain advocates to skepticism amongst mainstream users unfamiliar with or uninterested in cryptocurrency remuneration. The success and perception of Steemit as a sustainable alternative to tradition-bound social media will depend largely on its ability to enhance user experience, content quality, and maintain its commitment to decentralization.
Do you know an article comparing Steemit to other products?
Suggest a link to a post with product alternatives.
Is Steemit good? This is an informative page that will help you find out. Moreover, you can review and discuss Steemit here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.
