STEEMIT What is it and how it works?

 
The address is a social network, where users can earn money through content publishing. This is based on a blockchain system.   Why do I recommend it? 

 It is very simple to use. Despite what you earn in a cryptocurrency, which so far is little used and little known, you can switch to Bitcoins, which for now is much more stable and known. Exchange with Bitcoins, or between different types of users, for example, in what is super simple.   Have I seen any disadvantages or things that make me want to stop using it?    Not really, the only thing that is now most of the messages in English, but you can also publish in Spanish, just label it "Spanish" and segregate it in that category.    Why do I make this post?    For two things, First we get together in a community and we will follow each other to generate money among all, for this point I created the Steemit Community 

 

It can be transferred from an exchange to the user's wallet, who uses his account name as the address (how easy compared to Bitcoin!) You can convert bitcoins directly to Steem. Use the deposit option in the Steemit wallet. It can be transferred from one user to another. Use the transfer option in the Steemit wallet. (300 thousand times easier to transfer).

STEEM is as effective in a hyper-inflation economy and can be used to buy Steem Power and Steem Backed Dollars.



Steem Power (SP): It's basically the direct monetary influence you have when you "Upvote" or comment on a post.





The more SP the user has, the greater their rewards for curating content.

Of all the new STEEM that is created, 90% goes to those with SP, and 10% to content authors and content curators.

It is acquired by making “Power Up STEEM” or with a direct deposit of Bitcoin to the Steemit portfolio.

It takes 104 weeks to be converted back to STEEM, this if you use the “Power Down” function in the wallet.

SP is like the actions of a company. The Steem network distributes its profits among the owners of SP proportionally to the size of their savings.





Steem Backed Dollars (SBD or SMD):



Liquids, interchangeable in exchanges and in the Steemit internal market. Designed to have a stable value of around USD $ 1.

Owners receive X% annual interest. They can be converted to STEEM directly in the portfolio. The conversion takes a week, and the price is the median price of that week. They can be transferred to other users. Use the Transfer option in the Steemit portfolio. SBDs are like bonuses. If you save 1 SDB you are effectively lending the Steem network $ 1, and you are paid a reward in return, but not as much as if you had SP. But on the other hand you have the benefit of liquidity and you can sell your SDB at any time, not every 104 weeks as SP.