The pop
For the first few months, there wasn't much talk about Steemit.
He cautioned that, no matter how diligent the development team is, there are going to be bugs and that they wanted to ensure that Steemit was safe and secure for everyone.
Scott explained that, while all of the blog posts, comments and upvotes that had occurred on the site pre-July 4th were all on the blockchain, the rewards users had been promised for their contributions had not been distributed. The underlying idea was that the team wanted to continue testing the platform, finding bugs and fixing them prior to a rush of new people signing up.
While there were early miners and people contributing content, the real big bang didn't come until 4th July. When the dam opened, $1.3m worth of stored-up blockchain-based currency called "steem" was released to those that had been participating on the platform.