With the ban on new accounts lifted, Steemit is once again taking off like a rocket!
Famous YouTubers and bloggers are leaving their platforms behind and bringing their massive audiences over to our incredible new community. Posts are regularly earning $5,000-10,000 while a select few earn as much as $35,000!
It's an exciting time to say the least.
And amongst this incredible growth, Techcrunch is reporting that Reddit is still struggling.
It's been six months since Reddit ousted its former CEO Ellen Pao, but even with cofounder Steve Huffman back at the helm, Reddit is struggling to turn the ship back around. Employees are leaving and the culture sounds like it's a mess.
Now Reddit is still huge, but it can't match the kind of incentives that Steemit has to offer. If Karma points were enough to grow Reddit to the behemoth it has become, who knows what will be possible with Steem dollars and Steem Power on the line.
I'm excited to see what comes next and curious to hear what you all think.
Can Steemit become bigger and more influential than Reddit?
In my opinion, it's only a matter of time.