Dawn of a new-age Steemit blogging trend beckons on Mangaluru

Rajat Rao
June 17, 2017

Mangaluru, Jun 17: In an age where most social media networks engage its users addictively without remuneration for the time spent, a one year old blockchain and cryptocurrency based social networking site rewards their users to use it. ‘Steemit.com’ encourages it’s users to use its platform and by way of upvotes monetize their writing in the form of Steemit’s own internet currencies; Steem and SBD. These cryptocurrencies are similar to the popular Bitcoin, often known as internet gold.

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Just as how Facebook and Twitter attracts likes, shares and retweets which has restricted reach; Steemit has upvotes and that is accessible to all. The community upvotes each other and this rewards the author (user) for the posts they make. Apart from making this platform free for all to join and use, it also manages to reward every author for every post or comment that is upvoted. The site also has the concept of curation rewards to reward voters for curating good quality content. Moreover, all the articles are categorized under tags making it reader friendly.

In the dawn of this new age social media craze, a team of 15 young and zestful keyboard enthusiasts have come forward from Mangalore to be a part of Steemit following the initiative of pro-blogger Meghan Naik. The rainy Sunday morning of 11 June witnessed the Steemit meet by this group consisting of bikers, photographers and sportspersons as they pledged to start exercising their flair for writing and get paid for it as well.

A briefing on this matter conducted by one of the first Indians on Steemit platform, Meghan Naik, who organized and educated the gathering about Steemit.co. He explained how to use the platform, how the incentives work, tips to make the most of this new technology and use of cryptocurrencies such as Bitcoin in the Indian scenario were disseminated to the gathering.

“I came across this platform a year ago and invested my time, and effort in writing content, building a global community for Steemit, helping many users use of this new platform to their benefit. Unlike the other social media platforms such as Facebook, Instagram or Twitter which makes money off it’s users by way of advertising to them, Steemit rewards it’s users for their attention, effort and engaging on its platform”, Meghan said and added, “Your attention, effort and time is definitely worth a reward and Steemit makes it worthwhile to use it over any other social media platform. Even a dollar earned through participation on Steemit is worth more than zero earned when updating your status on Facebook.”
It is but a blogger’s dream to monetize their blogs at day one and Steemit helps them achieve this instantly with exception engagement with the target audience. As was written in one of Meghan’s blog (www.Steemit.com/@firepower), it is wise to spend more time on Steemit and engage more with users across the world. When you are an established author you could even consider sharing content on Steemit full-time as Meghan Naik currently does!

More technical information: Steemit.com is a platform which provides a unique solution to monetize content. It is a social network which empowers the community to award content it finds valuable. The awards are in the digital currency STEEM, and it’s proportionately allocated based upon weighted upvotes earned from the community. Contrasting Steemit against traditional social media platforms such as Facebook and Twitter, outstanding content will attract likes, reposts and attention on traditional social media platforms, but no monetary reward. However, on Steemit, every like (in the form of an upvote) is a vote to award some digital currency STEEM to the content creator – more upvotes equal a greater allocation of STEEM from the reward pool.

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Shankar
 - 
Sunday, 18 Jun 2017

If it catches on in India, it will become another Quora.

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News Network
May 10,2020

Bengaluru, May 10: Amid the coronavirus lockdown, two police inspectors were suspended for their alleged involvement in the illegal sale of cigarettes.

"Two police inspectors suspended after an enquiry found their involvement in illegal sale of cigarettes during the lockdown in Bengaluru," informed Joint Commissioner of Police (Crime) Sandeep Patil while speaking to news agency.

More details in this regard are awaited.

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News Network
May 14,2020

Bengaluru, May 14: Three youths died of "asphyxiation" when they fell into a pit in the abandoned Kolar gold field mines, where they had gone to allegedly steal iron material early on Thursday, police said.

On Wednesday night, the trio had entered the gold mine in Kolar district, about 100 km from Bengaluru, and fell in the pit after losing balance.

After inhaling the poisonous gas in the pit, they were asphyxiated to death, they said.

"It was a seven hour exercise after which we could bring out two bodies. Work is on to retrieve the third," a police officer told .

Police reached the spot after they were alerted by the accomplices of the deceased.

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News Network
January 18,2020

Bengaluru, Jan 18: Amidst the ongoing probe into the multi-billion IMA ponzi scam, another similar scam has come to light in the city wherein around 2500 depositors, most of them Muslims, are fearing that them may lose Rs 350 crore.

Shockingly, Shafiullah, Rafiullah, and Zabiullah, three brothers who run the Baraka Investment Consultant Private Limited, have accused the police of taking over 10 crore rupees bribe from them.

The depositors say that when they recently demanded their investments back from the accused the trio, they allegedly told them that they had paid the Central Crime Branch (CCB) and the RT Nagar police over 10 crores and they could collect that money from the police.

The aggrieved investors alleges that the RT Nagar police have charge-sheeted the three accused only on the complaints of 13 affected depositors who lost precisely Rs 97 lakh and the case is being probed under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 instead of Karnataka Protection of Interest of Depositors in Financial Institutions Act, 2004 (KPID Act) or the Banning of Unregulated Deposit Schemes Ordinance, 2019 (BUDS) Ordinance.

Aggrieved victims alleged that when the Baraka Investment Consultants had a Registration Certificate of Establishments from Department of Labour issued on November 28, 2017. The CCB took up a suo-motu case against Tellnet Computers on August 16, 2018, after they received complaints from Baraka investors.

Apparently, the CCB knew that Baraka Investment Consultants and Tellnet Computers was one and the same and operating from the same office, but they did not mention the name of Baraka in the case initially for reasons best known to them, said the victims of the Ponzi scheme. A few victims who wished to remain anonymous told BM that a CCB police inspector and one of the accused, Zabiullah, were childhood friends, neighbours and both hailed from Chikkaballapur. This is one of the reasons, they allege, the inspector has protected the accused by downplaying the scam.

The case registered by the CCB states that there are only 500 to 600 depositors who deposited amounts between Rs 50,000 to Rs 1 lakh expecting returns ranging from Rs 5000 to Rs 7000 a month, but in reality there are more than 2500 investors who have deposited amounts ranging from Rs 50,000 to Rs 50 lakh, expecting returns between 12% to 24%, said the victims. Despite this, the CCB was sitting on the case and making no investigations, the victims alleged.

It was later on in May 9, 2019, an FIR was registered by the RT Nagar police when many victims approached the police commissioner and petitioned him. “Even in this case, the accused Zabiullah was not arrested. Zabiullah’s two brothers, Shafiullah and Rafiullah, and his father Abdul Rahman were arrested, but were later granted conditional bails,” one of the victims Mohammed Yahya (42), a software engineer said.

Yahya had invested Rs 10 lakh with Baraka. “Though this case has been charge-sheeted, the police have not made any recoveries or they have not confiscated any properties of the accused,” alleged victim Habibur Rehman (42) who had invested Rs 5 lakh in Baraka. “There is clear-cut evidence that the accused was dealing in foreign exchange using the investors’ money without their knowledge and was offshoring and parking crores and crores in countries like Russia, Dubai, Malaysia, and Singapore. Though the police knew about this, they did nothing to stop it or bring it back,” said Azgar Pasha (44), a businessman who had invested Rs 41 lakh.

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