Support the show, consider donating: 1HK9HmWCTVvA6hH6nVQ33fycbU5ZrEFgwf (http://bit.ly/2huTEdi) Few crypto projects have gotten as much attention and caused as much controversy as Steem. The blockchain-based social media platform launched early this year and managed to gain real user traction building up a vibrant community of contributors. The Steem token quickly entered bubble territory reaching a market cap of almost $400m and losing 90% of its value since. Steem Co-Founder and CEO Ned Scott joined us to discuss the ambition of the project and its short tumultous history. We also discussed some of the accusations against Steem and its unorthodox launch. Topics discussed in this episode:How Steem was launched out of the BitShares communityThe different components and tokens of the Steem systemHow Steem rewards content contributorsThe controversial Steem launch and criticisms of the projectWhy Steem transitioned from Proof-of-Work to Proof-of-StakeThe potential disbalance of power due to the Steem distributionHow Steem managed to build a vibrant user community Links mentioned in this episode: Steem WebsiteSteemit.comWhy Every Blockchain Needs a ConstitutionCharlie Shrem Article on Steem LaunchThe History of Steem Launch in Words of Dan LarimerBitcoin Talk Thread on Steem LaunchBitcoin Stackexchange: What is Steem? Sponsors: Ledger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.comJaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io This episode is also available on :Epicenter.tvYouTubeSouncloud Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.