Bitcoin Forum

Apparently website is down right now but when I checked earlier, some people had hit $2k and some even $11k?

how's that even possible? Even top bloggers don't make that much for one article online

and they had less than 500 upvotes, that comes out around $22/person.

then there are those who are making less than 0.02 cents and had 20 upvotes?


How is that even possible?

If an average user is paying 0.01 cents for something he likes, how can someone hit 11k with 500 upvotes?

It's still money, who pays $22 for one article because it's "helpful?"  ???

i read this on another thread yesterday; thought it'd be informative! the exact mechanics of beyond me at this moment. i assume you will have a detailed answer going through  steem whitepaper (https://steem.io/SteemWhitePaper.pdf)

If someone likes your posts with a new account, it will not even earn you one cent, but when a big account with alot of STEEM power likes your post, it might be even 10,20 or even 50$ for a single like. That is why I think it is a crazy shit forum. If girls post a stupid introduction with a sexy picture they get much likes and earn thousands of dollars with one post, unbelievable.

funny you say that because it was a girl who posted "make up video" and it earned her 11k.

What I try to say is that we are here posting for a half dollar per post and they earn such a big amount just for a nonsence post where the big trusted accounts like them, when I see a post from a girl, with picture ofcourse, they all earned alot of money. Therefor I am not posting there anymore, because it has gone to shit, it will get way worse than this forum.

Someone's Jelly because they don't have tata's! You know what, I am too. :P

Full thread (https://bitcointalk.org/index.php?topic=1550088.0)

$11,000 For just blogging on steem that's great but,are these real money can people really withdraw that amount i don't know much about Steem but I think it's to good to be true and they can be manipulated,there was a social sites where you can earn for liking their post and soon a lot of groups have been created for exchanging likes..

cuz fuzz_y logic economics!

yeah, steem defys gravity, but they have introduced a game changing concept, what's the bottom line, don't know, but crypto is social media, expect dozens of projects to follow this lead.

Actually, FAIL is the first project of this kind. It doesn't meant to work in this way, but it will use social networks to tip/help people.

If it fails those who bought loads of STEEM and locked it up for 2 years in STEEMPOWER will lose everything. A day in the altcoin scene is like a year in the real world, with everything moving so fast. Nobody can be sure STEEM can survive for 2 years, and anyone locking their STEEM for 2 years is taking a big gamble on its survival.

someone posted this on reddit

https://www.reddit.com/r/btc/comments/4t4c2l/giving_unlimited_amount_of_steem_to_users_without/

looks like you don't need to know much to become a r/btc mod LOL (it's just a GUI bug, he did not check if it's real on the blockchain)

https://twitter.com/btsfav/status/754381407263289345

They don't pay anything. Just upvote the post and wait for passive income from it. They have lots of steem power and just an upvote can give to the posters a big amount of money.

Then why do it? What is the point?
Explain please .

They make articles that those with lots steem power or whatever like most and vote on them.

From what i saw so far, mostly "Hello I am ...."  articles got lots of rich votes.

Normal would be that those "huge bag holding" voters would vote the way that site  get more users.  But it dont realy looks like they  they that

You guys need to click these quoted links below and learn what is really going on because your posts indicate to me you do not understand:

I thought about that too.  But here's the counter argument.  What can you post that you think will get you likes that will be worth and make you earn thousands of USD?  It's not that the whole system is stupid, it's the ones doing the upvotes.  It's kinda like the real world actually.  Would you rather be with a nerd cryptotard talking about the future of money or would you rather be talking to a beautiful, sexy woman?

ROFLMAO AT DUMBwEED

You go to Reddit's trending page and you don't see women dominating the first 5 / 10 trends.  Son, you gotta sit down and re-evaluate your life!  Owned!!

since it's people vote, it sounds like it isnt a steem problem but a problem with the users..
if they are voting in sh*t posters, what steem dev could do?

but i still dont belive...11k$ for a post? did anyone already cashout that money?

If you don't believe, you should try to post at Steem and cashout reward  :)

50% of your reward is given in Steem dollars which you can cash out immediately. The other 50% in Steem Power which requires a 2 year divestment schedule spread over 104 weeks.

That's nice to know,I remember posting there twice and surprise that i did earn a steem  dollar but unfortunately transfer is disable I would have to check the latest update and might come back here again..

what's with the steam dollars if they are steem

Is there a way to instantly cash out 100% without the waiting time of 2 years?

No.

50% within 24 hours via SD
50% in 104 equal payments over the course of 2 years via powered down SP.

Just out of curiosity, where is steemit userbase coming from since their original thread has only 31 pages, twitter has only 1000 followers and facebook has less than 1000 followers?

 ???

things aren't adding up for me here. More I dive in, more complicated it gets.

The people falling for the Steem trap aren't crypto people. They are normal people who hear from word of mouth that "This girl just got paid $11,000 for having tits on this site called Steemit!" Then they say wow! and they make a few posts. Then they realize they don't have tits and, as such, don't get any money. However, every now and then one of them does have tits, and they tell their friends about their success.

At this point Steem is basically the titcoin meme that Pornhub made a video about. I'd be absolutely embarrassed if I were an investor of this fraud.

Just because a team of dev's is trying to do something with crypto besides send a token from A to B does not make it a fraud.  It's an experiment, just like btc.  Blockchains will find niches and all the successful ones will adapt from what they are today.  Let's see where this goes, it's good for all of crypto land.

Think bigger.

What? Are there people buying this sh!t? FOR WHAT?!

Why would anyone buy this when they can earn it by posting and live off it?!?!

You're talking insane

https://steemit.com/money/@ma3/living-on-nothing-but-steem-day-1-the-beginning/

https://steemit.com/@ma3

Guy claiming to live off Steemit haven't even earned Steemit before he made that post. lawlz

I sure hope that people aren't this dumb to believe this nonsense and invest their hard earned money in it.

The objective is to monetize content providers, whether they are journalists, musicians, memesters, beauty consultants, or developers, to give them a place to earn money without having to chip off a percentage to a manager. People who think they are going to get paid for the same posts that do not earn them a BTC tip on reddit (or even un-spendable reddit gold) are going to be let down by the reality that no one will pay them for just participating on steem either. The make-up tutorial earned money because it targeted fashion and it was a first--and yes, you could have made one yourself, some guy did exactly that and made 10k (parody works too--he probably said, "That's stupid, let's mock it." and got paid for the effort). Some people are good at making content, some get lucky at it, but most are mediocre and will have to have a good day to make even a few bucks on the platform. If it gives content providers a way to keep more of their earnings, then I think it will be successful--stories like the make-up tutorial get people to the site, but they hardly guarantee anyone the same luck for the same effort.

If people were really making $30k off one post, it would be all over the internet. Don't you think?

It would attract attention without even trying but that's not what's happening. You search "steemit" on google, only thing you can find is some article from cointelegraph on hacking that happened days ago.

Not exactly the most objective test in the world--I didn't hear about this until a year after it happened, so....

http://sputniknews.com/voiceofrussia/news/2014_07_09/Worlds-most-expensive-potato-salad-costs-44-000-7035/

that's not the same thing. Getting $30k to post garbage is a dream of everyone who browse internet forum, social media. It should be everywhere you go.

Website has thrown multiple error, I haven't been able to cashout my $3 that I earned for signing up because it told me I needed 10x more before I could cash out.

I truly don't know what to make of this since it's pretty horrible looking set up altogether.

Yesterday it was some guy with make up who made 20k

Day before it was some girl who copy/pasted her old post and made 30k

Today it's some guy who copy/pasted link to an article and pulled 16k (still growing).

It's either a well played scam or just horrible marketing team and set up.

This all hinges on the assumption that payment correlates to quality. I've made this point before, and I'll make it many more times. The way Steem is set up, you don't see the best content, because the okayest content is the easiest to gamble on.

This is already a phenomenon seen all over social media. Look at Twitter, for example, where the only metrics of success are likes and retweets. Even there, content is dominated by garbage "parody" accounts, who all repost the same stuff. Why are these accounts the most popular? Well, on a platform like Twitter, people are rewarded via followers and notifications for playing a part of the majority. It's the same reason why you only see conservative view points ridiculed and progressive ones hailed. The best content strays too far from the norm to make up the most exposed content.

You can see this everywhere. Hell, look at top movie lists. The Shawshank Redemption routinely lands #1 on user generated lists that consist of voting for what you like. So does Pulp Fiction. Are these the best two movies ever? No, they aren't. So why do they always land on top? Because they are the goodest. Everyone likes these movies. It may not be everyone's favorite, but everyone likes it.

Anyways, Steemit rewards users for contributing to an echochamber-circlejerk. Post a picture with boobs in an introduction post, make a guide on how to use Steem, or talk about how awesome Steemit is. The content can be summed up as that. Nobody is going to make an in depth post on politics. Nobody is going to write a novel. Nobody is going to explain a mathematic theory. Why? Because although this would be the best content, it won't be rewarded. People aren't looking to help out the best, they are looking to help out what qualifies, because more people can agree on that.

I would bet that the most brilliant people in the world, under anonymous identities, would not garner publicity or money with a post in their respective niches, regardless of how profound it is. I would also bet that these same people could make money if they instead used a fake identity as an attractive-but-relatable female and post about the same clickbait garbage that everyone else is.

I was rewarded $7000 for proposing an algorithmic solution to the problem you lament:

https://bitcointalk.org/index.php?topic=1548369.msg15640772#msg15640772

Didn't see your response here. Anyways, I posted mine in the thread you just linked. Have a ball and write a steem article on it if you want buddy.

Show me in the benjies this girl got. I want to see 110 of them. I'm skeptical.

I'm not surprised a technical solution yields $7000, if it's advertised a hot female can be rewarded $11k.

This isn't crypto and all y'all know it. It's the problem, far from the solution. Satoshi would be proud!

So does that mean Steemit is breaking through the mainstream?  Some of you may frown upon it but by hook and by crook Steemit looks to achieve what other altcoins have failed in.  Maybe they're finally on to something here.

Absolutely not. I remember reading that someone said there are about 13,000 accounts on Steemit. That is absolutely nothing compared to Tumblr, which essentially achieves the same task as Steemit but with a much higher magnitude of quality. Once morons realized they are too late to hop on the train and their investments are only lining the pockets of the whales on top the money will dry up. Once the money dries up the platform is dead because that is literally the only draw to it as of now.

I had already pointed it out 5 times but let's do it again.  If we use Alexa Ranking, Steemit is nowhere as popular as Reddit clones like Voat.  How could anyone say Steemit is mainstream when it has less users than Voat and other Reddit knockoffs?  As well Steemit has not been providing information like user retention, user attrition, et al.  I imagine thousands of users have already left the website, realizing they can't make $10,000 a post like a hot chick.     Never mind this is a coin where less than 5% of the total supply is available for trading.    There's red flags everywhere for me.

Tumblr (2007), Voat (2014), etc... have had years (Tumblr almost a decade) head start. Steemit has only been out for 3 months. Those comparisons are ridiculous and misleading. I am sure Tumblr, Voat, etc. (insert any social media web site here) did not start off as good as it is today. There is a lot of talk of how to improve the user interface, content curation, the trending/etc algorithms. There are changes being made everyday to how the ecosystem works to make it better. For instance this: https://github.com/steemit/steem/issues/177

Anyone can make thousands of dollars on a post. The ones crying about not being able to do it immediately are being unrealistic in thinking that posting content is easy money and Steemit get rich quick scheme. It takes a lot of time and energy to make posts. Only a couple or few posts out of maybe a hundred may get a decent pay out. It is hard work. If you want easy money go to a casino and hope to get lucky. But it does pay off.

I made $250 by simply writing a comment yesterday. You never know when you will strike it rich by getting up votes from a whale or many minnows. The only way to do it is to keep posting. Those that give up will obviously never make anything. Then, people like you guys want to sit and cry that you can't make an easy $10k.... give me a break! Truth is you guys haven't even given it an effort since you're too busy trolling Steem on Bitcointalk. ::)

The people who are making money on Steemit have a combination of three benefits:
1) Got in at the start and built their presence organically
2) Have large amounts of Steem Power to dictate the direction theirs and others posts go
3) Have a reputation among the whales

So as of now there are a couple of ways to earn "$250 for a simple comment". You can fight against the thousands of other posts making pennies per post (despite having content similar in quality to top posters) and hope you somehow break through to a larger audience/profit. You can engineer (beg, whore, etc) your way into favor of the whales. You can buy in at the peak of a bubble to hopefully recover your investments before the bubble pops and you are left with nothing.

None of those scenarios sound enticing. I'm going to stick to doing what I'm doing where I'm making steady crypto profits. In the meantime, I'm also going to explain why Steemit is a bullshit scam so others don't waste their time with it only to perpetuate the profits of the dubious whales the top heavy economy favors.

Give this man a cookie, dammit.

But seriously, the STEEM thing is unreal. Doesn't seem sustainable, but we will see. Might get in there with an article myself. Seems the only thing making money on STEEM are posts about STEEM.

I made 500 for a sonnet and it wasn't about steem. What will be really interesting will be when my fellow poets arrive if we can get a pay-for-critique system running--it sometimes takes an hour or more to really delve into a poem's meaning and technical aspects, so on forums it is a labor of love that is mostly rewarded with defensive arguments and troll backlash. Monetizing the process might lead to deeper readings and an incentive to play nice. We'll see....

So like, they paid out you STEEM, and STEEM power, and it was withdrawable with no issues? I haven't interacted with anyone that has utilized the platform to cash out before, can you elaborate on what it was like if you feel like it? Thanks in advance, and you make me want to get off my ass and make this work. I keep procrastinating about my first post, what it will be and how I will construct it. Torn between cooking tutorial and garden tutorial.

Half is available (24hr wait) for exchange, the other half is locked, and it looks like there's a sixth that is designated as steem power, which effects voting and some other stuff. I don't plan on exchanging it--it's house money and there's no sense of rushing out the door as it doesn't allow me to quit my day job and this has some promise (though the usual cc risks apply).

Someone else might be able to chime in who has actually exchanged it.

If Stan Larimer thinks it's "OK" for him to exploit girls to line his filthy pockets, why doesn't he post his manboobs?  Fat ass pervert.

make up videos are cool shit ?

I thought the #boypower make up response video was pretty funny.

https://steemit.com/beauty/@roelandp/the-first-steemit-male-makeup-tutorial-bringing-youtubers-to-steemit-roelandp-is-back

I am sure there are a lot of girls on Steemit that may have enjoyed the girl's makeup video. There are a ton more girls on Steemit than I have ever seen in any cryptocurrency community.

Steemit is just a blogging platform, that's why . I doubt they know anything about cryptocurrencies or are interested to learn at all. They just made a post , upload some hot pics and are waiting for the money .

If you make people money based on someone's blog post, I believe it is honorable to tip your advisor... Those who pay it forward, deserve to be paid back.