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Few crypto projects have gotten as much attention and caused as much controversy as Steem. The blockchain-based social media platform launched early this year and managed to gain real user traction building up a vibrant community of contributors. The Steem token quickly entered bubble territory reaching a market cap of almost $400m and losing 90% of its value since.
Steem Co-Founder and CEO Ned Scott joined us to discuss the ambition of the project and its short tumultous history. We also discussed some of the accusations against Steem and its unorthodox launch.
Topics covered in this episode:
How Steem was launched out of the BitShares communityThe different components and tokens of the Steem systemHow Steem rewards content contributorsThe controversial Steem launch and criticisms of the projectWhy Steem transitioned from Proof-of-Work to Proof-of-StakeThe potential disbalance of power due to the Steem distributionHow Steem managed to build a vibrant user community Episode links:
Steem Website Steemit.com Why Every Blockchain Needs a Constitution Charlie Shrem Article on Steem Launch The History of Steem Launch in Words of Dan Larimer Bitcoin Talk Thread on Steem Launch Bitcoin Stackexchange: What is Steem? This episode was hosted by Brian Fabian Crain & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.
