It is really apparent now, but the creators of Steemit created something that Bitshares could not achieve. They created a blockchain product that appeals to a very broad audience and married it with social media. Steemit removed the learning curve that can be difficult for new users into cryptocurrencies. It is easy as Post, Vote and Earn. Brilliant!
Yesterday, July 4, 2016, many newbies received cryptocurrency for the very first time. They looked at their account balance and could not believe how much had been earned.
The reason I know Steemit works is because I've been trying to convince my 19 year old son about the virtues of cryptocurrency since 2013, however, he wasn't interested. Three weeks ago, I introduced him to Steemit and he posted his first article. It was well received and he earned some Steem.
Yesterday, when I told him the Steem rewards were paid out and he took a look at his account and his next question was,
"How do I get my money out of here?"
I really didn't have the answer myself, so we starting reading posts that provided guidance. The authors posts are listed below:
This is what we did.
I could not have convinced him to do any of this with regular crypto. But now he is interested.
Thanks Steemit.
