So rad to get him in on this. Steemit is just getting started and as you have already seen payouts can be significant.
Fyi i saw you asking about steem payouts.
They work like this:
75% goes to you, 25% to your curators.
Of the 75% you get, 50% of that is paid in steem and 50% paid in steem backed dollars.
The steem backed dollars are paid out as if they are only worth 1 usd but they are worth more.
So $100 post will get you a 75 pay out, which equates to 37.5 SBD, and 37.5 usd worth of steem.
Since SBD are worth $5-7 usd each you are getting way more usd than it seems.
Make sense?
THANK YOU!
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You need to help him as new user, since steemit is a community and sharing place,
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Also I am pretty sure dtube takes a cut to run there servers, im not sure how it works but I think it is like 25%
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Everybody will be on steemit soon
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Spare an up vote Trevon? https://steemit.com/bitcoin/@buckfumbler/bitconnect-investors-crowdfund-day-6
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I've been on Steemit for about a week (Thanks by the way) and it is a hellava learning curve, just finding your account to follow, has been a bit frustrating, but im still at it, one thing that should be noted is that the app lacks a lot of the flexibility you get on a computer, but since it steemit, is a functional crypto platform and @trevonjb seems very enthusiastic about it i will give it the old college try, thanks
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If you put in time, adding comments to content you like, posting stuff you like, resteeming and upvoting great content, you will rise in rep and earn a little something while your at it.
If you are enjoying it I strongly encourage powering up all steem for the first while or buying a little to get yourself started.
If you have steem power your votes award more rewards, and yes you can reward yourself ("self-vote"). So buying steempower is like mining crypto, but with the power of words and your time.
Good luck.
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Thanks for the very informative post, am also new and the community in here helps alot.
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Fyi its a little more complicated than I suggested but thats pretty much right. And thanks.
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Side note: If your grandfather is stuck in the signup queue for too long, you can buy him an account using blocktrades. Costs ~5 Steem and gets delivered almost immediately.
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that's so awesome, I'm glad your grandfathers mind is still sharp enough to use a computer, mine would be a nightmare to teach something like that to . :-)
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Actual curation % seems to be a bit lower, in this post explaining why
https://steemit.com/curation/@themarkymark/the-truth-and-lies-about-25-curation-why-what-you-know-is-fake-news
it seems that steemdb shows 14.9% as the average curation cut, so 85.1% goes to the authors on average.
Anyone curious about the high SBD prices should check out https://upbit.com/exchange?code=CRIX.UPBIT.KRW-SBD you can use chrome to translate it into English, they listed SBD/steem on November 21st and volume for SBD is very high compared to the market cap.
What you said about the 50/50 split pay option is true, as long as SBD is this high then everyone should be only using that as their payout option, and using the 100% SBD option on steem-related media sites that give that option.
https://steemit.com/steemit/@calamus056/curation-rewards-explained-in-great-detail
Is for anyone who wants to know more about curation itself.
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Makes sense, thanks for taking the time to explain it. :)
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Damn man, thanks for clearing this up for me. I've been on for awhile and I still feel a little lost.
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Right at least your grandfather want to learn something new. And not be a old fossil like my grandfather
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Thanks for this, i actually did not know this breakdown! thanks dude
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