What Is Dtube?
A Video Content Website?
What is Dtube? I am going to explain how Dtube works and if it is a good alternative to YouTube.
Table of Contents
- What is Steemit?
- You Earn Cryptocurrency on Steemit
- How to Get Cash from Steem?
- What Is Steem Power?
- What Does Dtube Have to Do with Steemit?
- Why Do People Want Alternatives to YouTube?
- Why Would Dtube Be a Good Alternative to Youtube?
- The Flaws of Dtube
- Have You Used Steemit Before?
- Do Dtube and Steemit Have a Future?
What is Steemit?
Before I get into what Dtube is I need to explain what Steemit is. Steemit is a social media website that runs on the STEEM blockchain. Users earn money based on how much STEEM they have invested into the platform by owning STEEM Power.
You Earn Cryptocurrency on Steemit
Steem and Steem Dollars
On Steemit you earn STEEM and STEEM Dollars (SBD). You can then cash out these two currencies or use STEEM to power up your account to have more STEEM Power. You can trade both STEEM and SBD on a cryptocurrency exchange for Bitcoins which you can then trade for money at certain exchanges.
There are multiple ways to earn STEEM and SBD
- Post content and get upvotes.
- With a lot STEEM Power, you can earn STEEM by upvoting or curating content on the blockchain.
- Write comments and get upvotes.
- You can also get small amounts of STEEM from resteeming content or sharing it.
How to Get Cash from Steem?
How to Get Cash Overview
- I convert my Steem to Bitcoins.
- I then transfer those Bitcoins to my Coinbase account.
- I then sell my Bitcoins for US dollars.
- I then transfer the money to a linked bank account.
Convert Your Steem to Bitcoins
First you will need to convert your Steem and Steem Dollars into Bitcoins. That or find an exchange that takes Steem and Steem Dollars.
I recommend converting Steem and Steem Dollars to Bitcoins as every cryptocurrency exchange takes those.
Some Popular Cryptocurrency Exchanges
What Is Steem Power?
Steemit Is Confusing
How steemit works is confusing for new users, and I highly recommend giving the steemit FAQ a read.
More Steam Power Equals Stronger Votes
The more Steem Power you have, the stronger your votes on Steemit are. How the STEEM blockchain and Steemit works are complex. But for a beginner just know you get rewards when people give you upvotes. The more STEEM Power they have, the more rewards you get.
You Earn Rewards for Seven Days
Lastly, the most important thing to know is that you only earn rewards on a single piece of content for seven days. After seven days you collect however much STEEM or SBD you earn.
What Does Dtube Have to Do with Steemit?
How Does Dtube Work?
Content creators upload videos to a channel. Dtube is structured very much like a YouTube alternative website. Everything about earning on steemit applies to Dtube. You still earn from votes, and you earn STEEM on content for seven days.
Dtube Runs on Steemit
Dtube is a video upload platform that runs on the Steemit platform. You need a Steemit account to log into Dtube. You can log into Dtube with either your Steemit private posting key or use SteemConnect.
What Is SteemConnect?
This guide on Steemit explains what account keys Steemit has. SteemConnect is an API you can use to log into other programs that run on the STEEM blockchain, and it is very safe to use.
I recommend using Steemconnect instead of giving away one of your account keys.
Why Do People Want Alternatives to YouTube?
Why Use Anything Other Than YouTube?
Why use Dtube or any YouTube alternative? YouTube is the largest website for user-created content.
It Is Harder to Make Money on YouTube Now
YouTube has made earning money from ads much harder. YouTube has been demonetizing videos and enforcing a much stricter ad policy.
Earning Money from Ad Revenue Is Hard
The fact is on YouTube unless you have other revenue streams if you earn from ads you are at the mercy of Google. Advertisers are cracking down, and some are leaving YouTube. Google is getting much stricter with who can earn money from ads.
YouTube Partner Program Requirements
Here are the YouTube Partner Program requirements. Here is a summary of the requirements. Information taken from Google support.
- YPP is available in your country
- You have more than 4,000 watch hours in the previous 12 months
- You have more than 1,000 subscribers
- You create content that meets YouTube Partner Program policies
- You have linked an approved AdSense account
Why Would Dtube Be a Good Alternative to Youtube?
- There is no requirement to earn money on Dtube. You just need to have an account.
- DTube does not censor content. You can make a video on almost anything you want.
- The amount of money you make is based on how popular your content is. Not how old it is or how many views you get.
The Flaws of Dtube
Dtube Is Not Without Flaws
Dtube is still very much a new platform, and it shows. The platform lacks features a more mature website has.
No Way to Earn Long Term
The fact that videos only earn for seven days means no long-term earnings, and content creators need to make a lot of content and upload videos often. Creators can't rely on old content to earn money.
Issues Uploading Videos
I have also read multiple posts on Steemit of people complaining about having issues uploading videos to Dtube. Some people sound quite irritated with the website, and it does have some annoyed users.
Dtube Needs More Content
I also noted most of the content on Dtube and Steemit are self-referential. People are making lots of videos about Steemit and Dtube. The platforms also tend to focus on cryptocurrency and cryptocurrency projects.
I don't think this type of content will appeal to mass audiences. People will want to watch videos on things they like.
Few People Have All the Power on Steemit
Steemit also has a unique problem with certain users. Some people are worried that users with the most Steem Power are getting the most STEEM and using their power to prevent others from doing so. These users are called Whales.
Keep in mind that users with lots of Steem Power or Whales make a much higher contribution when they vote on content versus smaller users. Some small users or minnows feel like they don't get any contribution rewards or very little rewards.
Have You Used Steemit Before?
Do Dtube and Steemit Have a Future?
Too Early to Know
It is far too early to know if Steemit, Dtube and, other STEEM blockchain related platforms have a future. Steemit seems promising, but many startups do, but being promising does not prevent failure.
Dtube Needs Steemit to Work
The future of Dtube and Steemit are very much connected. Dtube relies on Steemit. If Steemit grows and gain many users, Dtube will probably as well.
Dtube Needs More Viewers
Dtube needs more content creators and viewers. If Dtube does gain a user base, it could possibly be a website that stands out from YouTube due to its policies.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
Questions & Answers
How do you join Dtube?
To join Dtube, you need a Steemit account. There is a wait time to sign up for Steemit unless you pay some cryptocurrency to speed up the process.
Once you have a Steemit account, you can log into Dtube with your account name and private posting key. Your account keys are at the bottom page of your wallet.
Or you can use SteemConnect which is a trusted API. You would log into SteemConnect, and this would log you into Dtube. I recommend logging in this way.Helpful 2
© 2018 Eric Farmer