July 4th
After being running in alpha version since March 24th only in July 4th 2016 Steemit released its first payouts and became fully functional. In May 5th, 2016, Steemit, Inc CEO Ned Scott answered in a interview to Kaherine Fletcher (CoinReport) about the chosen date:
"The Steem blockchain had been pre-coded to issue its first rewards on July 4th, which means it is currently tallying votes and posts, but it won’t reward the best contributions until July 4th. There is lots of interesting content showing up to compete to earn a piece of Steem’s first and largest payout, which will account for 10 percent of the Steem market cap. One of our goals is to attract many content creators and voters before July 4th to increase distribution Steem during this important moment."
In the United States of America this date is Independence Day, also referred to as the Fourth of July or July Fourth, is a federal holiday in the country commemorating the adoption of the Declaration of Independence on July 4, 1776. The ideia of relating blockchain and freedom and Censorship Free was reinforced by Ned Scott to Mike Dautner (Payment Week) in an article published in July 5th, 2016:
“Because it’s based entirely on a blockchain, Steemit shows what social media can look like without censorship. Everything we see on Steemit.com comes from the open source Steem blockchain, so the entire network is replicable on any front-end application. Attempts at censorship can be proven by anyone with a blockchain explorer or another front-end application built on the Steem, so users can feel free to post how they really feel. This freedom is what empowers the Steemit community, and it’s one of the major ways we’re different from centralized, controlling and manipulative social media networks.”
Links:
- Steemit : https://www.steemit.com
- @dantheman : July 4th Price Action June 2016
- @hisnameisolllie : 4th July Payouts and Beyond... June 2016
- @wingz : Steemit! - A Speculators July 4th Trading Strategy June 2016
- @stellabelle : Short Video About July 4 Payout Featuring Ned Scott Plus A Few More June 2016
- @cryptogee : How To Increase The Value Of Steem - The Ultimate July 4th Strategy! June 2016
- @masteryoda : Monthly payouts leaderboards, July 2016 July 2016
- @jamtaylor : One Year Later - 1st Steemit Anniversary! May 2017
Related articles:
References:
- Payment Week : Social Media Blockchain Steem Issues $1.3 Million Payout To Steemit Users Written by Mike Dautner, published in 7/5/2016
- Coinbitgold is Alice Huca : Steemit payouts – I earned USD $1,583 in 2 weeks (NOT A SCAM) Written by Alice Huca (@coinbitgold), published in 7/4/2016
- Stellabelle YouTube Channel : Steemit July 4 Payout Info Edited video by @stellabelle, published in 6/29/2016
- Liberty.me YouTube Channel : The Tatiana Show - Ned Scott of Steemit & Dr. Mary J. Ruwart Video interview by Josh Scigala and Tatiana Moroz (@tatianamoroz), published in 5/23/2016
- CoinReport : A Conversation with Ned Scott, CEO of Steemit Interview with Ned Scott to Katherine Fletcher, published in 5/5/2016
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