Please Explain Steemit To An Idiot

in steemit •  9 years ago 

My name is Nick. I came on this site (like anyone else would) to earn some value. I bought some steem power with my bitcoins and am voting on peoples stuff randomly.

Here are the simple questions that I dont get and alot of people will not get.....

  1. If I vote is that at a cost? (like the steem power I bought gets deducted?
  2. If I reply "That's cool" Is that a cost?
  3. If these are value costs to do these actions why would anyone ever vote?
  4. How can writing a post about whatever have some type of value?

Please help the idiots

steemit
9 years ago by

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      ·  9 years ago 

    Hello Nick,
    I will just answer:

    1. No cost for voting.
    2. No cost for replys
    3. You vote good content and flag bad content. You get Steem Power for "good" voting. Meaning: when you upvote post as one of the first, and the Post ends up with 500 upvotes, you get Steem Power.
    4. Everything has some value attached to it, I think right now the system is still in an unbalanced state, you can see more here: https://steemd.com/distribution the value comes from people like you or me who pump btc into the system.

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        ·  9 years ago 

      I cant tell my firends to come to my post because they cant find it?

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          ·  9 years ago 

        Why did I buy steam power. What can I do with it besides sit on it? Why would anybody want to buy steam power?

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            ·  9 years ago 

          I'm confused too. Why would I buy steem power?

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
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              ·  9 years ago (edited)

            @npl77 Ey Nick , I'm a noob as well. There a several separate educational posts about this. (requires deploying super search powers).. If you are anything like me you'll probably end up having more questions than answers in the coming days =P
            But yeah, to start with, this post is a compilation you'll find pretty useful I think :
            https://steemit.com/steem/@msutyler/10-links-for-steemit-beginners-how-it-works-difference-between-steem-power-and-dollars-how-to-add-images-etc

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
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              1 vote
              [-]
                ·  9 years ago 

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

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                1 vote