Steem (STEEM)

 58% - 6 reviews
Steem bills itself as 'a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content'    
Category: Coin/Token
$ 0.41
$ 139.9 M
$ 3.3 M

eToro mobile Banner

Sort by: Latest / Earliest / Upvotes / Downvotes

avatar cadawg 46 rated:

cadawg posted on January 27, 2020 08:34:41

Justin Sun took over this blockchain as his own toy by purchasing a majority stake and voting in his own block producers. This is at this point completely centrally controlled and I would not trust the service.

avatar dennis 35 rated:

dennis posted on April 12, 2019 06:10:13

Steemit is social blogging platform with content incentivized by its cryptocurrency. Users are encouraged to write because their readers reward them and so forth. The community is thriving but many outsiders including myself see Steemit as just an experiment. Although not the most popular blogging platform, it has succeeded in what it set out to do: create a decentralized self-sustaining community

avatar Martin k 18 rated:

Martin k posted on March 22, 2019 22:45:03

This has been rolling for quite some time, I like steem and it is a first mover but I'm not sure if their systems are designed to really distribute the value that's being created in the network. It feels like a very small minority of people have the most power and wealth

avatar Buzzbeeg 22 rated:

Buzzbeeg posted on February 08, 2019 14:00:44

Let me be clear Steem is not perfect but is fine for what it is; a social media blockchain platform. Do you want to post stuff and earn some crypto? Then Steem is great! Would I go out and buy 1000 dollars worth of Steem? Not unless I needed to grow my social media foot print. It's all about what you want to accomplish.

avatar Crypto Chick 52 rated:

Crypto Chick posted on January 29, 2019 11:00:56

I read a thread on Bitcointalk that says Steemit is a ponzi scheme with the founders having the vast majority of the coins ( Also didn't they have to lay off 70% of their staff or some massive number? That makes me nervous about this project. I'd steer clear.

avatar Crypto Anonymous 224 rated:

Crypto Anonymous posted on December 16, 2018 22:17:54

Fuel to power the steemit network. I know many are very skeptical towards Dan Larimer’s projects, especially the latest EOS, but I think with Steemit he built a solid decentralized blogging platform with a cryptocurrency rewards element. It is unfortunate that nowadays it will be hard to earn a substantial amount on the platform from content creation. Another criticism is that Dan always leaves his

eToro Banner

Join the CryptoCanary Flock

Get a weekly update on the best and worst projects right in your inbox.