3 reasons why to use Steemit in India?

in #blockchain7 years ago (edited)

If u wanna read this article in Hindi leave a upvote and this is the link:- stay tuned

So why is steemit is so hyped
Becoz it also gives reward to not only author but also viewer?
Let's find out

Problems with current blogging:-

  1. Google

Google takes almost 45-60% of revenue from the system. So basically half of the earning is in the wallet of google(the middle man).Google_Money_Machine.png

2)ADS


‎The most annoying thing in the world is the 5secs ads,the pop up ads and the ads which are basically totally unrelated to us. cotd428.png

3) Lack of transparency and Monopoly


‎It is now clear that 21 century is the century of Internet and whichever company controls it will control everything thing including your life.20141129_FBC371.png

‎So how steemit solve the problem

‎1) Steem is a blockchain means it's a distributed ledger in which every transaction is verified by every user of the system. As it is distributed the Monopoly thing is the thing of past.

‎2) Steem don't have a single piece of ad. So how blooger generate money. It's simple Steem is a currency like note printing machine Steem supply doubles in every year.In order to compensate for the ever increasing precision, the STEEM network performs a 10:1 “reverse split” every 32,000,000 blocks (about 3 years). At this point in time all balances of STEEM are divided by 10 and all prices are multiplied by 10. Cryptocurrency exchanges will have to suspend trading around this time and update the account balances and price history to reflect the “reverse split” before resuming trading. So from here the money comes and it is well regulated as well.

‎3) No middle man = more money in a safer way

Old systemSteemit
Adsno Ads
Middle manno middle man
Hackableimmune
Payouts are difficulteasy payouts
Monopolypower to the people
Centralizeddecentralized
Rewards to only authorboth author and curator (viewer)

‎if u wanna know more about blockchain :-

Is it legal in India?

‎sir arun jaitley speech in budget:-

‎"The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system. "
‎So basically indian government is saying that illegal activities done through Bitcoin/altcoin is punishable by law and secondly bitcoin is not a legal tendar nor us dollar. That's simple
‎but again in the flip side Indian government (like other government) are obsessed with blockchain technology.
‎so don't fear fellas. Steemit is not illegal in india.
If u like my post interesting leave a upvote.

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Here's a free upvote courtesy of me #killerbote0c.jpeg

That's funny 😂😂

Success for you all
Regards, @elhajary

Yaah that's the key let's upvote each other post🤗

Welcome and good luck!
Keep it up, following for great posts!

Good luck ND all d best😉

Thank you for visiting my profile. I follow you now

Same 4 u dear😊

good post

im like it

Oh wow, I did not know that the idian government says its illegal, thanks for informing! =)

Nice post, wish You all the best.

Hey Sidd. Nice post!