Pros & Cons of Steemit

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Let's refresh our memory and try to ponder on the pros and cons of Steemit.

Pros

  • No doubt Steemit is paying money and people do earn on Steemit, not all but some of them do earn a handsome money.

  • Plenty of users active on Steemit you can interact with.

  • Steemit is growing rapidly.

  • Steemit is the platform familiarizing one to the crypto world.

  • It's centralized so there’s no governing “centralized” big brother telling you what you can or cannot do or say on the platform.

  • It can give extra exposure to established publishers with Steempress plugins.

Cons

  • It's hard to build an audience when you are starting in.

  • It's a bit hard for a newbie to cash out converting Steem to Fiat directly. First they should convert Steem to BTC and then BTC to Fiat.

  • It's a bit confusing for a newbie as how the system of reward distribution works.

  • Guys with huge Steem Power controls most of the reward distribution pool which may lead to abuse and corruption.

  • Good content isn't always going to the trending.

Pros & Cons of Steemit | Ecency