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Ned Scott: Steem – The Blockchain-Based Social Media Platform

Episode Summary

Ned Scott, Co-Founder and CEO of Steemit, joined us to discuss the blockchain-based social media platform that rapidly built a vibrant community of contributors since launching this year. We covered the complex architecture of Steem with its various tokens and how it aims to reward content contributors. We also discussed the project's much-criticized launch with an early mining phase and subsequent transition to a Proof-of-Stake system.

Episode Notes

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.

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This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/162