Steemit — An Incentivized Social Media Platform or a Scam?
Daniel Imbellino

Basically, it requires a shift in understanding how bloggers work in Steemit. We, the bloggers, are mining for Steem, not with our computational hashing, but with our blog posts. I’ve been in Steemit for 7 months, and it took me a long time to understand this main shift in perspective. It’s necessary to understand how Bitcoin mining works, then you can apply that same structure to blogging rewards. It’s definitely a hard thing to wrap a head around. It’s very futuristic. But so far, it’s completely real, and not a scam at all. I am critical, but optimistic for its future.