Social Media 2.0

Cryptocurrency and the Blockchain have enabled a new form of remuneration. Content creators are it on messaging platforms, or, be it on blogging platforms can earn cryptocurrencies based on the content they generate. These cryptocurrencies are tradeable on third party markets, and can possibly appreciate over a period of time.

There are many such blockchain-based properties namely: 1) Steemit - the earliest one launched in 2016, 2) publish0x.com, 3) Lunyr. There are also sites where one can earn a bounty for writing reviews e.g., bounty0x.

A few questions remain though:

1. How will markets value such content?
2. Will such content be valued satisfactorily to the writer of the content?
3. Can such markets - over - a period of time, overtake platforms such as facebook, twitter, etc. in creating quality content.
4. How will the fairness of the reward mechanism on these platforms be judged?
5. Will Artificial Intelligence and Machine Learning algorithms be able to judge the value of content appropriately.

Overall, the cryptocoin reward mechanism over a period of time will evolve to become a powerful factor in media and will attract top-notch writers, who today have to depend on media/publishing houses to earn satisfiable rewards.