My GDI Blog Our Official TopNetworkersGroup GDI Blog

17Jul/170

Honest Review Of Steemit.com From A Steem User

This will be a very honest review of Steemit.com from an actual steem user who isn't all that enthralled with every aspect of it. I'll save that part though because, I don't want the things I dislike to overshadow what I feel is possibly a threat to it's future.  Hold onto your seats for this honest review... starting ... now!

I ran into steemit.com 'a few months ago', but it was impossible to sign up when I first ran into it. About a month ago, I was finally able to create an account on the network and the timing was great. By the time I got in I knew more about cryptocurrency than I did initially when I backed into the network.  While looking for ways to get paid in cryptocurrency, Steemit.com turned up in my searches.  After I got on and finally began getting familiar with it, I was totally in love with the platform.

That's how I roll though .... I fall in love with brilliant ideas.

I think, that on it's surface that's what Steemit.com is - a brilliant idea in the social networking space.

steemit.com honest review

It's more of a Medium.com than a Facebook however. Steemit.com is a blogging network and has a very plain set up and your profile is out in the open. There are no privacy settings that would allow you to control who see's your posts. Some of you may view that as a con, and It really can be.  Overall the biggest 'pro' is that it's a great way to 'earn' steem and steem dollars, which are two cryptocurrencies that work together.

So let's get into this Honest Review of Steemit.com - starting with what I like about this platform.

First and foremost, let's discuss what is the biggest 'pro' to steemit.com - that you can Earn Free Steem.  Simply by sharing content on their platform, you can be rewarded with both steem, and steem dollars (SBD). Both of these have value which 'could' rise in the future.  If your strategy with earning money with cryptocurrencies include buying 'and' holding, earning it for FREE is always great.

There are also No Limits on how much Steem/SBD you can earn on this platform. I think that's great as well because it creates a real opportunity for anyone here. There are also daily payouts if you're posting content daily. It takes about a week for the payouts to start, but if you're consistent you will also be paid consistently.  Another positive aspect of steemit which I really like is it's pretty simple to Withdraw money to an outside wallet.

Now, for some of you who are BRAND NEW to cryptocurrency may have NO IDEA what I'm talking about right now, and that's ok.

As you become more familiar with this new way of using currency, you'll learn how important it is to have wallets, that you can move your coins in and out of.  There is also a lot to learn about privacy, and security as well.  So while this review is just about 'earning cryptocurrency', please be sure to continue learning about every aspect of this new emerging marketplace.

With that, let's get into the things I don' tlike about Steemit, which possibly could harm the future value of this currency.

The value of a cryptocurrency is determined by it's purpose, and just how much support it has.

That won't be any different for Steemit either. The value of Steem and SBD have hovered around $1 to $2.  The All time high for Steem to date is just under $3 .... when we compare that to other cryptocurrencies like Bitcoin (currently over $2,000, but has been as high as $3,000) or Ethereum (currently over $190 which touched $400 briefly) you'll start to see the potential. Could Steem ever be worth $10  or $100??

Sure it can, if the people on Steemit.com don't ruin it first.

Downvoting on Steemit is a major CON for the platform because, people suck.

People are imperfect and bring their imperfections with them online.   This is why allowing 'downvoting' on steemit is a bad idea and hopefully this ability gets removed. The other change that would improve Steemit is to show who is downvoting your posts.  It shows who votes your posts up, but hides who's downvoting them. Why does this matter?

The way you earn steem is through people voting your content up.    The amount of steem you earn is based on who voted for your stuff, as some people have more 'voting power' than others. This voting power is based largely on how much Steem a person holds.   If you have no steem, you can always buy some steem off an exchange, or use shapeshift to send steem to your 'steem wallet' on steemit.com

It would seem that this would be a very good thing, but if a person has enough money they can simply buy a lot of steem and use their voting power to silence other people.

They can impact the earnings of other users on Steem, and all that will do is cause them to go elsewhere.  There are other social networks that are emerging; like Ong.Social - which could turn out to be the Next Facebook (or the next TSU)

Steemit.com could easily go the way of TSU as well, if they don't change the ability of users to impact what other users earn in a negative light. Once the money has been rewarded to someone.... there should be no mechanism that allows them to lose that money, unless their content was plagiarized.

Steemit.com cannot survive if they are content to allow their social networking platform to be a popularity contest.

This is a great video, and to no fault of the person in the video, proves my entire point.

I commented saying that frankly, the reason she's making all that money on Steemit is, she is white.  Racism is a reality in our world, and is very much a problem online.  On a social networking platform where earnings are based on votes it leaves too much room for human error. Now, instead of content earning money based purely on views.... now it's tied to who likes who.

So a white woman can make a simple post, and earn over $540 on the first go. Meanwhile the rest of us are stuck not earning, or worse ,having our content downvoted.

Here's some Evidence of what I mean.

I wrote a article, sharing content about Chamillionaire, a former rapper who is now a Venture Capitalist.

It's a great example of how blacks who are often used to prop up other ethnic groups are now turning the tables. They're venturing into business, and instead of inspiring young blacks to grow up and be gangsters, they're now inspiring them to be business people.  However, on a platform filled with white supremacists, pro-kek minions and alt-right supporters, that's not an article that'll get a lot of votes. In fact, it started out getting some decent earnings .... (.15 ...) and started to drop. someone was downvoting my article and I can't see who!

Good To See Stories Like This; ChaMILLIONAIRE news

(my comment :: which you'll see documents, yet another drop in earnings on this article - https://steemit.com/complex/@topnetworkeral/good-to-see-stories-like-this-chamillionaire-news# )

This left me wondering just how many other articles of mine, have been downvoted.

For example, this also started out much higher but the earnings have come down since :::

Excellent Breakdown: What Is Cryptocurrency

This one features a blonde doing a review on what cryptocurrency is.  I'm sure that helped garner a few votes, but it's sad commentary for society. Why does race matter so much to so many people and why do they keep ruining things with their hate for anyone who isn't white?

Bigger question, when will they realize that they're not using an established platform that can withstand the bias that's clearly being allowed?  If we could block people from viewing our content and determine who our audience is it would go a long way. Removing the ability to impact people's earnings will only help the platform. 

The entire point of using cryptocurrency is to get 'away' from control of oppressive governments. Steemit.com is set itself up to be it's own oppressive government, by allowing downvoting; I'm okay with tying earnings to votes so long as it helps a person on Steemit earn money.

When people can use that power to harm users, it'll harm the currency as well.

More "controversial Posts" on SteemIt that are sure to get downvoted by Racists and White supremacists on their platform:

 

Comments (0) Trackbacks (0)

No comments yet.


Leave a comment

No trackbacks yet.