As the informations as well as the options on Steemit.com are extensive and manifold I deceided to start this little series to break it down into smaller portions and to a more understandable level.
Steemit.com is a weppage where you can create Steem-Tokens (often synonymous called "Steem") by publishing posts or by curating (voting on) posts published by others.
Steem-Tokens are a unit of the cryptocurrency Steem.
A cryptocurrency is a virtual currency, but it is not really just virtual like many other virtual currencies distributed through nearly countless bonusprograms on www, it is palpable because it is generated by compute-operations, i.e. behind every created token there stands Hardware and Software generating the tokens in form of a calculating operation of a CPU or GPU or other chip (blockchain technology) - in case of Steem and Steemit even human-beeings creating and curating content and witnesses running the nodes (decentralized servers on which the Steem-Blockchain is stored).
I guess that is enough information to digest for today, right ?
The next part of this series will talk about the difference between Steem, Steem-Tokens, Steem-Power, Steem-Backed-Dollars (SBD) - so don't miss if you are not too clear about that differences or if you interested in if I got it right ;)
All Steemit-"nerds" and longtimers are welcome to comment, maybe even correct my thoughts and share their insight on the matter ;)
Thank you for taking the time reading through my little post and thank you for your brainpower using on it ;)
P.S. Everybody who resteems this post during first 5 days after publishing gets 0.001 SBD per 100 followers !
This post has been ranked within the top 80 most undervalued posts in the first half of Oct 09. We estimate that this post is undervalued by $8.55 as compared to a scenario in which every voter had an equal say.
You're welcome - just trying to understand it and make it clear to myself ;) Steemit seems like a real big jungel with a lot of interesting quests and creatures ;)
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by honolulu from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
This post has been ranked within the top 80 most undervalued posts in the first half of Oct 09. We estimate that this post is undervalued by $8.55 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 09 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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Many get very confused with the crypto on this site, good to give explanation on the workings @honolulu
Will be interesting to see how people will use and grow.
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Yes stemmit is a institution with great potential... Soon more people realize that ;)
by the way - 0.007 SBD for resteeming to your 657 followers reached yout wallet I hope ;)
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Thank you for taking time to explain things! :)
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You're welcome - just trying to understand it and make it clear to myself ;) Steemit seems like a real big jungel with a lot of interesting quests and creatures ;)
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Congratulations! This post was randomly selected and upvoted by @resteemr!
The @resteemr is a new low price resteem service bot. Check what @resteemr can do for you - Follow & Earn.
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Thank you - transfered 0.001 SBD to your wallet ;)
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Upvoted and resteemed, enjoy
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Thanks - transfered 0.002 SBD to your wallet ;)
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Wow, that was so quick. Thank you.
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Worth doing. Nice idea
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You received 0.006 SBD for resteeming ;) Thank you !
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thanks very much
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upvoted and resteemed, thanks.
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Thank you - reward reached your wallet I guess ;)
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upvoted and resteemed
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Thanks - Reward is in your wallet ! Check out my blog for progression in Steemit ;)
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Resteemed!
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Thank you ;) Reward reached your wallet !
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Great! Thank you!
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resteemed
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Thanks - 0.002 SBD transfered ;)
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This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
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Resteemed
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by honolulu from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
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