the differences between Steem, Steem Dollars, and Steem Power

in steem •  8 years ago 

this video explain the differences between Steem, Steem Dollars, and Steem Power for those new to the platform, as well as those who might still be confused over the exact details. The explanation is designed to be as informative as possible without being especially technical so that anyone using Steem can feel comfortable with these three different things.

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Just now, I understand the difference.

thank you for this. it was really helpful

Thank you, most informative.

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Hi. Thanks

why can't I resteem this? this explanation is fantastic

Thanks! I needed this! resteemed to watch later!

you are welcome

Beautiful stuff.

Discovered Steemit a week back, but had been struggling to understand the entire concept around Steem, Steem Power and Steem Dollars.

As a newbie, I think this is one part of the Steem onboarding process that can be improved tremendously.

Maybe like a 5 part introduction series? (if there isn't one already)

Still figuring out my way around Steem, but I think I am getting there - slowly but surely lol.

probably the best explanation of these confusions...

Thank you, finally someone explained it so that it makes sense! So Steem Dollars are little bit like Tether Dollars (in a way) and have constant value - Steem can be trading on an exchange for Bitcoin and USD but is volatile whereas Steem Power is a long term investment and gives you a lot of power on the forum. But I note you can also trade directly on exchanges with Steem Dollars.

Thank you! It was very interesting!

Great video man. I definitely understand more than i did before. Is there any good documentation on it that goes into more detail?

Great for beginners thanks for providing this!

  ·  8 years ago (edited)

One correction to the video. You can go directly to SBD from Bitcoin from blocktrades and various other exchanges and the same the opposite way.

Last time I checked it was 2 percent not 10. It has changed since the white pages.

Edit: also now less than 10 percent interest in steem power and gives you more power on votes/influence

This is hands down the BEST explanation I've received so far! Awesome video!!!

Thanks for this video. NOW I understand the whole concept :)

thanks

Great post! Learned a lot about the platform from this video

Great Video. Very Nice and Simple Explanation... !! Thanks !!

Thank you.

Thank you for explaining! I'm a true believer in Steemit :)

This was a good explanation for me. Thanks again. :)

This Helped! Cheers! Steem Power to you!

Yeah I really needed this. I have been struggling to understand this system for sure. I'll check out the other vid. Thanks

Nice explanation, thanks ...