Today, Ned Scott, CEO and co-founder of Steemit, huge name in the world of cryptoeconomy, the man behind the platform that pays you to provide content. 

Ned also has a background as a Business operations and financial analyst and propelled this social platform to a new level.

It’s an interesting story, how did Ned Scott inspire to create Steemit? 

As reported by Coinreport.net,  **Ned Scott elaborates what prompted Dan and him to create Steemit?**

“Dan and I are similar in that we are motivated by the idea that we can improve the way of life for others. The state of Internet communities is imperfect – among the sometimes great content, there are also trolls, less than helpful comments and poor dialogue – so there was definitely a problem to solve there in the context of social media. 

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However, when the idea of Steem and Steemit really began to form we had been exploring several different blockchain-based business models.” Said Ned.

“We were looking at micro insurance on the blockchain and a few other ideas, but ultimately, we kept coming back to the idea that the most useful and powerful thing to leverage around a cryptocurrency is a community. "

""Steem was born out of ideas about insurance and mutual aid: it was the idea that people would be able to help each other peer-to-peer if they were struggling to solve problems or needed assistance. "

"It quickly grew into a much larger vision and Steemit was born as a place where individuals get rewarded by a community for posting and voting on content.” Ned added. 

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**How did they come together to found the company?**

“I learned of Dan about two and a half years ago, which was about eight months after I stumbled upon Bitcoin. I had been down the rabbit hole learning Bitcoin when I came across Dan’s work on the Bitshares project, and from there, blockchain really seemed to take up all of my time. In mid-2015, I began moonlighting for Dan, bringing his technology to different firms in New York."

"When 2016 arrived, I made my first trip to meet Dan in person and we had a good match in personalities. The ideas for Steem had just started forming and from there we put a real business plan together and co-founded Steemit.” Said Ned.


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