STEEM Is Now My Lead-In When Talking To Anyone New To Cryptocurrency: A How To Tutorial

I had an instance today to discuss cryptocurrencies with someone completely unfamiliar with it other than hearing tidbits in passing about Bitcoin.

Word is getting around.

Any publicity is good publicity.

When it applies to cryptos at this point, I believe this is true. Bitcoin is the name on everyone's tongue and, even though the price is getting slammed, people are hearing about it. This is helpful. As word spreads about Bitcoin, other cryptocurrencies, by default, will also get some coverage.

Nevertheless, try explaining Bitcoin to people could be a challenge. Therefore, I use the approach of leading with STEEM which I am finding to be extremely successful.

So how do I go about doing it?

Blockchain

People do not understand how we can simply create money. Therefore, do not confuse them.

I tell them that the real technology is blockchain, which is essentially a decentralized network. On this network (this is a word people understand) are applications which fulfill different purposes. On the steem blockchain, the applications are created to serve the needs of social media.

The token on this blockchain is STEEM. It is what denotes the value this network (I know not totally accurate but it gets the point across). Over time, the value of a network increases as more activity takes place on there.

Presently, the STEEM blockchain is the most active one. Also, unlike many other tokens in the top 50 on coinmarketcap.com (I show this website) which are priced based upon potentially doing what they are designed to do, STEEM is actually doing it. There are 700K registered users with about 60K daily active users.

Facebook/YouTube/Reddit

Almost everyone understands one of these entities. I simply state that there are applications already on the steem blockchain which are similar to Reddit, YouTube, and Twitter. The one major difference is in how one is compensated.

On the steem network, people submit their content and are rewarded when people upvote the posts. Each vote carries a certain weight with is translated into money for the content creator.

Of course, the person is baffled how content can have value until I point out that almost all the value on Facebook comes from the people posting on there. The difference is that Zuckerberg and Wall Street make most of the money while the creators make little to nothing.

Link Back To Fiat

This is where coinmarketcap.com comes in handy. I explain that STEEM can be converted to regular currencies like USD, Euro, and Japanese Yen. Since I am in the US, I scroll down to STEEM and show how it is worth about $4.

I found this to be helpful since people equate tokens to ones created for video arcades or online games. Yet, in those instances, the token isn't worth anything. It is just something people use as part of the game.

Showing them that crypto-tokens have real value as money is big. Now it is something that could positively affect their lives.

Tokenized World

Over the next 3-5 years, most everyone will be getting into tokens. I mention the first cryptocurrencies required people to buy them. However, we are now at a point, especially with STEEM, where one can join without paying anything. Tokens are rewards for actions that one is already taking on social media sites.

STEEM is the first of many tokens that an individual will potentially receive. Down the road, we are going to be given tokens for using search engines, web browsers, offering our data for research, watching advertisements, and viewing films. In short, almost everything will be tokenized.

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I found this a simple but effective way to gain the interest of many people.

To start, almost everyone understands social media. It is around long enough everyone under the age of 70 has been on it. Also, word is spreading about how the social media behemoths are not exactly the nicest fish in the sea. Facebook is garnering a lot of attention for the antics they are pulling from the fake news to people being tossed off. I am sure the YouTube actions will spread just as fast.

Another thing that is surprising me is people are becoming aware of the threat automation poses to the workforce. This is a situation where people are going to have to develop other streams of income. STEEM, as many of us know, fills that role very nicely.

Finally, be sure to mention that there are only about 8,500 people with over 500 SP in the world. How would you like to have been one of the first 10,000 accomplished users on Facebook? Not that it would do anything for you since they pay you nothing but that isn't the case on STEEM. Being an early adopter has huge advantages.

Try this the next time you come upon someone who is interested in cryptocurrency but doesn't know too much outside of hearing about Bitcoin. This is very effective especially if you mention D.Tube since almost everyone knows Youtube.

For me, I found it left the person excited.

If you found this article helpful, please give it an upvote and resteem.

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