Steemit’s New Economic Paradigm

An introduction to Steemit

I (Kurt) have been posting on the new social media platform, Steemit, for more than a month, and it seems to be promising for several reasons.

One of the most obvious is that, people can get money on there, which means that many starving artists and writers finally have a platform where they can quickly monetise their content, without having to know too much about website design, sales or marketing.

A deeper point – one which will most likely drive the more constant growth of the platform – is that the system is structured to incentivise helpful, constructive interactions. The system is designed to encourage people to be cool. That’s no small feat. I’ve thought in the past, that if someone really wants to change the world, they have to change the incentives, and that exactly what is what the creators of this site have done.

Since joining, I’ve had to stop myself a few times on other social networks, thinking “Is this the way I would phrase this if I were writing on Steemit? Can I find a way to be softer, more compassionate, more inclusive?” Of course, some people persist in unconstructive feedback, even despite themselves, but the signal-to-noise ratio on the site is still extremely impressive.

In this video, I give an introduction to why this new platform is interesting and may be the way of the future, and I read out an article which I published on the platform, which many people enjoyed, talking about what makes the site and its associated currency, Steem, valuable, and the reasons it may well succeed in the long run.

If you enjoy our posts, please have a look at The Paradise Paradox’s page on Steemit where you can join, earn money, and upvote our posts to help support the show! You can also find a lot of additional content which is not posted on this site, with Kurt’s posts on Steemit and Aaron’s posts on Steemit.

Here’s my original article, and here is the article I mentioned by Leah “Stellabella” Stephens.

To download the audio, right click here, and press “Save as”.