ZeroHedge Praises Steem For Its Lack Of Censorship

in steemit •  7 years ago  (edited)

ZeroHedge is a famous handle under which a person, (or a group of persons), is (or are) publishing a lot of breaking financial information, political news and other stuff untainted by corporate interference. I was first exposed to ZeroHedge 6 years ago, when I played with FOREX for 6 months and I still remember how praised the website was for its news accuracy (so good that many times it was used as a source by Bloomberg).

So, I was quite pleased when I read this morning an article (a guest post actually, on ZeroHedge) about Steemit, not necessarily from a financial perspective, but rather from a censorship perspective. Those of us who are using the platform on a regular basis, we tend to forget, or at least to put aside, this censorship free part of it. But it's truly this part of Steemit that it's fundamental to its financial value.

Posting data freely, and storing it immutably in the blockchain, for ever, well, that's something unthinkable. Or at least it was unthinkable, until now, since we were taught that only other sites can do this for us, and we have to pay the luxury of sharing our own lives with our behavioral data and complete loss of privacy. And, lately, with fragmentation in "bubbles" created by smart censorship agents.

The article is well worth a read, so please go ahead and indulge in it. I will leave the end of it here, just as a reminder:

And so people’s first reaction to Steem is that it’s a scam. It is nothing of the sort. The scam is Twitter. The scam is Facebook. Your life, ideas and work have value. But, they’ve taught you to think that it doesn’t.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


Wanna know when you're getting paid?

I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Yes we put a lot of effort creating the content on facebook and twitter and in return what do we get? Nothing and they make a huge sum of money by our content.

@dragosroua I am so Grateful for STEEMIT and you and the FACT is that I no longer care about FACEBOOK and TWITTER is not even important either. My Life is now involved with Fantastic People that Embrace Everything that STEEMIT has to offer. Please bring your Friends and Family here. Help them and show them how it works so they can Enrich their Lives.....................

I just thought about this reading the the comments down below, but it would be interesting if Steemit made it easier to search and bring up past posts. This could be a tool to store family photos, videos, etc for free to compete with coins such as storj, sia, maidsafe, filecoin, etc.

Posting data freely, and storing it immutably in the blockchain, for ever, well, that's something unthinkable.

I'm toying around with a post that goes into this in much more detail. Essentially, Steem is three things.

  • A cryptocurrency ecosystem with fast transaction times
  • A mechanism for distribution of wealth to content producers based on consumer opinion
  • A mechanism for storing very large amounts of text-encoded data in a distributed, public, and immutable fashion

Steemit, Busy, D.tube, and co. are nothing more than wallets/blockchain explorers souped up to look like social media sites. They look at Comment objects and render the comment.body attribute as Markdown. They let you perform blockchain operations like post, upvote, etc. And up till now, people largely have treated Steem/Steemit as a social media platform, but it can be so much more.

If you hold enough Steem to have bandwidth, you can do anything you feel like, regardless of how the community feels the site should be used. Steem is like the world's distributed open PasteBin - I could store entire libraries of books on here if I was really determined. Sure, I might get flagged if other users think what I'm doing is spammy, but who cares? I'm not doing it for rewards. I just preserved megabytes of text in a distributed fashion forever. That's huge.

Posting data freely, and storing it immutably in the blockchain, for ever,

This was one of the reasons for getting my Dad onto Steemit. all his tall tales from growing up in the airforce as a boy recruit will be preserved.

He also conducted a huge project (on paper) tracking all the military aircraft New Zealand has had. He is now loading this all onto the blockchain so all the hard work and research will be available for others, and not lost in a cardboard box n a shed somewhere.

The blockchain is a fantastic place for this sort of information so it doesn't get lost.

And the last sentence from the post is magic. This is what we are told constantly - you have no value, you are worthless unless WE say otherwise.

The worm is slowly turning and the big corporations will have something new to learn - they have no value unless WE give it to them.

.

Yep, this was my first reaction when I joined the site: It must be a scam! now I am sad, I could have been here one month or two earlier. I never found Facebook valuable since I joined Steemit,I don't think I will ever go back...

Posting data freely, and storing it immutably in the blockchain, for ever, well, that's something unthinkable.

Never thought of it though, this is just too awesome to have a social media platform that helps achieve all these freely and still rewards one for storing or documenting on the platform. I guess this is why I have no time for any other social media platform since I found steemit.

They are correct, and you know what surprises me about that fact?
I really don't see posts that are questionable about their content. No real political propaganda, no criminality , no borderline stuff. That means this platform is really good at curating itself... That is the real message in this article!

Any publicity is good publicity. It is just a matter of time before we reach the tipping point here on the platform. With the most transactions on any platform, zero fees and the great community, 2018 is the year of Steem

There is a different form of censorship, and unfortunate very present here: flooding with irrelevant information, making the valuable opinions mixed in noise, eventually promoting some of the non-valuable content as valuable, using the power that some already got.

A stunning end of the article!

Thanks for exposing ZeroHedge to me. Are you a fan of Tyler Durden's opinions in general?

I loved Fight Club, but there are better ways to live in this world, for me :)

That's for sure!

But it's truly this part of Steemit that it's fundamental to its financial value.

Truly, websites such as Facebook and YouTube are now having issues within their own community over what type of content can be considered monetizable or even acceptable on their own platform. On steemit, everything can be monetized but its the curators that decide how much a post pays out the author.

Good one. Thanks for the heads up. I am an occasional reader of ZeroHedge and some of their stuff you need to take with a grain of salt, but you do get some good quality alt-news there and this is a good piece.

some of their stuff you need to take with a grain of salt

agree, probably 2-3 piece for quarter are really solid stuff

I thought you were going to talk about @zer0hedge

AFAIK it's not the same thing...

I had to squeeze my grey cells to decipher afaik hahahah well...
AFAIWEK it will never be the same thing hahahaha XD (as far as i will ever know, in case you wondered) :P

There is no connection between that account and the website.
But, that account sure earned a bunch of rewards before it started clarifying who they were.

2018 he will become a whale hahaha

Steemit is just too much, helping us keep tracks of our activities and storing our progress and works for us for so so long.
Steemit has become a part of my life which am grateful for.

So long as it stays ethical it's all good. A free haven against close mindedness is pretty worthwhile.

Good to know about it. You are such a damn good blogger. I appreciate to your talent. It's marvelous.
Such like kind of you guys steemit will go boom.Keep it man. Good job. @dragosroua

I just got the email, too! Good news... :)

I do not know what to say and I will follow @ dragosroua blog and hopefully always successful.

Congratulations @dragosroua! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Now the whole world slowly and steadily recognise the potential of steem :)

Thank you for sharing this! This is transformational information and I’ve shared with my Facebook friends who for whatever reason are still hesitant to join steemit.

People do think it is a scam, but it’s indoctrinated thinking as this article states that enforces the idea that our creativity isn’t worth anything!

The blockchain is a tool for activists and world changers- we gotta get the word out there!!

Update: this inspired an article!

... voted for you as witness!

This is my 1st time hearing about it.Anyway thank you
-cheers-

Unfortunately, the cat is now out of the bag and it has forced a growing number of the Left's most progressive politicians to distance themselves from America's new breed of "evil corporations.

Hey @dragosroua what about curation rewards on steem.supply, is it possible?
Thanks