Steemit has been Very Successful – at Marketing

Steemit is very good in one aspect of business – marketing. It has attracted a lot of users mostly through some very clever marketing.
The Steemit network supposedly has 920,800 user accounts and attracts 1.5 million monthly posts. That has reportedly generated $40.15 million in rewards paid and 3.78 million monthly comments.
The disturbing thing about Steemit is that it admits to being: “The social network doling out millions in ephemeral money.” Here is the Merriam-Webster’s dictionary definition of ephemeral: “lasting a very short time.”