In this video one of the Steem team explains how they have created a block chain that is based on POW (Proof Of Work) where the "work" is content providers, providing content.
The rewards are based on the number of transactions of "votes" to create the internal currency.
It's 30 minutes long, but it's not really "Geeky" at all, so even if you're not totally sure what the blockchain is, this video should help you to understand it a little deeper.
OH and the crypto currency?
Well it's STEEM which is what powers STEEMIT (you;re on it).
This video has to be one of the most copied posts. This video is of @clains and he is a member here.
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well I hadn't seen it. It only has a small number of views on youtube too, so I'm guessing not everyone has seen it, which is why I think it is helpful. Also it's fairly non geek so the NON crypto audience can understand.
The crypto element here need to realise that the money isn't going to come from crypto to crypto people.
There is no VALUE in scratching each others arses!
If steemit is going to grow and be a profitable community for everyone, it needs to appeal t no crypto people.
So people can keep down voting me because it doesn't appeal to your crypto senses, but you're really only slapping yourselves in the faces !
This should be a friendly place.
If you want to bitch you can go to bitcointalk and a thousand other "it's a crypto scam" sites.
Seriously!
It's not big or clever to downvote me just because you think everyone has seen it.
What value did you just add by telling me YOU had already seen it?
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