Got my first Steemit.com payments today!

Got my first Steemit.com payments today!
JISHOU, HUNAN — Last week, I announced I had signed up with the new social media platform, Steemit. Today, seven days later, I got my first payments for the posts I made: about $30. This is really quite remarkable, because after several years of maintaining this blog, I have barely made $50 from Google AdSense and affiliate marketing. I have deliberately avoiding loading the blog with ads, because I find ad-heavy websites really annoying, especially as some advertisers use some very aggressive tricks to hijack readers’ attention away from your content. Steemit has given “liking” a post — “upvoting” in Steemit terms — a monetary reward. The minimum reward is 1 cent, but upvotes from longtime users of the platform have more weight, and pay higher rewards. Rewards are paid out every seven days. Here are my very first payments. The Steemit economy is a bit arcane. There are two kinds of rewards: Steem Power and Steem Dollars. The first gives your upvotes and reposts (resteems) weight; more Steem Power translates into more influence and into payment for curating others’ posts. The second is a kind of cryptocurrency, which can be saved in your wallet or traded for other currencies ...

I am now on Steemit!

I am now on Steemit!
JISHOU, HUNAN — In my ever continuing pursuit to leave no blogstone unturned on the Intertubes, I have just signed up with Steemit.com, the hot new blogging platform. Steemit is unique in that it rides on top of a blockchain and allows bloggers to earn money (Steem Power and Steem Dollars) based on that blockchain. Steem tokens can be exchanged for US dollars, Bitcoin or other cryptocurrencies, or left to accumulate on Steemit to earn interest or to loan out. A blockchain is a distributed ledger — pioneered by Bitcoin — upon which developers can build a variety of online services. As I am still learning the ropes there, I’m going to let this video below do the explaining of how it all works. My username at Steemit.com is @wheatdogg (naturally). For now, I will probably cross-post my WordPress blogs there, but some content I write for each venue will be specific to that venue. In other words, you’ll have to follow me at both places. The video:
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