So. I joined Steemit.

[razorsmile]

Been a while. Good to see us still clinging grimly to what used to be the best place on the internet. I got love for LJ; so many great conversations, so many friends I made without meeting. Good times

Comments

[__marcelo]

*thinky face*

I'm curious: How's the conversion to more generally spendable currency? (both ease and rate) Do they earn it by ads and then distribute it back to authors using Steem, or do readers buy Steem?

[razorsmile]

Converting to more generally spendable currency is pretty simple: you send your Steem Dollars or Steem to blocktrades.us and convert to your preferred cryptocurrency. For most people, that's Bitcoin. From Bitcoin, you can now change it to cash in your bank account by whatever means you prefer

[__marcelo]

Sounds interesting. I wonder about the other side of the Steem/BTC trade - speculation? building a base to re-monetize upvoting power?

Even without that it's a clever way to deal with some of the problems of most content voting systems, but the interface with the real (well, you know) economy is where the trick seems to lie.