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Interview: Elizabeth Powell, Managing Director at Steemit

Steemit is one of the most creative projects to come out of the blockchain craze of 2016 and 2017. The idea of enabling creators to monetize their written content is brilliant and definitely something only native internet money system could achieve.

In a nutshell, bloggers, photographers, videographers, musicians, and other types of artistic people can start posting their work on Steemit, enjoy some social media functionalities that resemble Reddit’s, and earn STEEM tokens for their contributions. The ecosystem is really neat, but lacks the type of user experience friendliness that other big platforms have. Some may find something romantic and akin to the early days of the internet, but many users won’t find appeal in something that requires a learning curve and a lesser intuitive transition from Facebook. WordPress, or Reddit.

In spite of its good ideas and interesting innovations, the Steemit social network hasn’t managed to get the kind of traction and mainstream success to which it aimed. A mix of early exuberant enthusiasm, an unclear vision of what the project should be, the persistent nature of the bear market which ravaged financial plans, and some poor decisions are some reasons that led to a crisis situation: according to TechCrunch, 70% of the staff has been laid off in November 2018.

About the interview with Elizabeth Powell

Managing Director Elizabeth Powell is one of the people in charge of making the Steemit project both financially sustainable and friendly for content creators. As you are about to find out in this hour-long interview, the platform has become more efficient in terms of setting priorities and managing finances, and the future success of Steemit depends on multiple factors: working on development to improve existing software implementations (such as the phone app eSteem), creating more wallet solutions to move the rewards off the platform (like the dedicated community-developed wallet called SteemWallet), inviting more artists and tailoring the user experience to accustom their needs, and adding the STEEM token to more exchanges to make sure that rewards have increased real-work use.

There is no pattern or clearly-established way to achieve mainstream success with a blockchain-powered open-source project like Steem, but there is definitely some potential to further empower content creators to be independent. Bloggers and photographers can make use of the Steemit platform, video creators can switch from YouTube to Dtube, and Utopian facilitates open-source innovation. Video game fans can also play Digital Monsters, an interesting take on card games and digital collectibles.

Find out more about these topics and many more aspects which concern the Steem blockchain and the STEEM token by watching this exclusive Crypto Insider interview.

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Vlad Costea

Vlad is a political science graduate who got a little tired and disillusioned with the old highly-hierarchical and centralized world and decided to give this anarchistic blockchain invention a little try. He found out about Bitcoin in 2014, had to do a presentation about it at Sciences Po Paris in 2015, but was too foolish to buy any. Now that he’ll never be a crypto millionaire and hasn’t acquired his golden ticket to lifelong financial independence, he’ll just write op-eds on various topics.

View Comments

  • So nice to see the attention to steem. Thank you for a great interview.

    The dapps are changing steem for the better in recent months. @actifit for fitness tracking, @tasteem for restaurant reviews, @steemhunt for cool tech product reviews, @steemmonsters and @drugwars for gaming. Etc, Etc, Etc. This is a gamechanger for rewards and ease of use, and very welcome. Steem is the place to be on social media.

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Vlad Costea
Tags: BlockchainDtubeSocial MediaSteemSteemit

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