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A comment on Reddit raises $200M at a $1.8B valuation. Parent comment

Re:Reddit raises $200M at a $1.8B valuation by lewisl9029 on Monday July 31, 2017 @11:11PM (#14897634)
Steem is almost exactly this: https://steemit.com/trending

As you could imagine it has a rather heavy bent towards cryptocurrency-related posts at the moment, and the pushy salesman vibe I get from nearly all the popular posts there is extremely off-putting (the monetary incentive will inevitably attract these types of people), but I think the idea has potential.

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Re:Reddit raises $200M at a $1.8B valuation by unclebucknasty on Tuesday August 01, 2017 @12:24AM (#14897857)
I know a pretty heavy user of that site and when it first emerged, some were making thousands USD (in the Steem currency) when others upvoted their posts (though there's a slightly convoluted method/timeline for accessing all earnings).

Anyway, the amounts have since slowed, but it's still a pretty active community. There are, however, quite a few schemes around some version of paying people to upvote posts, which is surprisingly allowed. Overall, it's an interesting concept but seems unsustainable over the long-term.

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