Repository
https://github.com/steemit/steem
This is an update to my #fundition campaign to produce and publish a course on the STEEM Economy. You can read the initial application and news here with this link: https://fundition.io/#!/@paulag/yl5013tub
This course is an entry level course for those using STEEM that need a better understanding of the Ecosystem and Economy.
So far I have shared with you the 6 videos and you an find links to these at the bottom of the post. Thank you to everyone for supporting this project.
Today I am delighted to share two further tutorials on the STEEM Ecosystem. Today you will learn about voting mana and resource credits.
I have a big shout out to do on these videos as the English closed captions were created by @allseeingewe and have been published on both Youtube and Udemy. Thank you sooooo much @allseeingewe for your help on this. You are a massive star. I hope some of you reading this will hop over to @allseeingewe and show a little support.
Requirements
A desire to learn more about the STEEM ecosystem. A STEEM wallet would also be a benefit.
Difficulty
- Basic
- Intermediate
Description
What is Voting Mana?
Formally known as SP, voting mana is how much power you have to vote with. In this lesson you will learn what voting mana is and how you can increase it.
What is voting weight?
Voting mana and voting weight are two different things, in this lesson you will learn the difference between the two and how they interact. You will also learn how to find out what your vote is worth
What affects your voting mana?
If voting reduces your Mana, what do you think can increase it? Learn more in this video
How to calculate the value of a vote
learn about Rshares, dust votes and dust threshold before exploring things further and learning how the the value of a vote can be calculated
Additional Resources
Check your voting mana on steemd ( change the account name to your own account name)
Keep an eye on voting mana on steemworld.org
https://steemworld.org/@paulag
Understanding the minimum payout threshold
How to calculate the value of a vote (resource 1)
How to calculate the value of a vote (resource 2)
https://steemit.com/steem/@yabapmatt/how-to-calculate-the-value-of-a-vote
Description
In this second video tutorial you will learn
What are resource credits?
Resource credits are the credits you are given to transact on the blockchain. In this lesson we will discuss the idea behind resource credits and the resources used in the calculations.
Why are there fees?
Blockchain is not free, there are server costs and running costs. So, if there is a cost in running a blockchain there must be fees. In the lesson we will discuss the need for fees when running a blockchain like STEEM.
How Many resource credits do I have and what can I do with them?
Resource credits are directly related to the SP you hold. These credits are used to pay the transaction free when you interact on STEEM. In this lesson we will discuss your resource credits and what you can do with them and where you can check your balances.
How much does it cost me per transaction in resource credits and how can I keep track of this?
Its important to keep an eye on your resource credits so you know how much you can do on the block. If you don’t keep an eye on it and run out of credits you will not be able to transact. In this lesson we will look at tools available in keeping track of what it costs and what you have.
How can I increase my resource credits?
It is possible to increase your resource credits, powering up is a critical element in this. in this lesson we will discuss how you can do this.
Additional Resources
Keep an eye on resource credits and pools
RC Credits on Githib
https://github.com/steemit/steem/wiki/RC-Bandwidth-System
https://github.com/steemit/steem/wiki/RC-Bandwidth-Parameters
STEEM basics - official post
https://steemit.com/steem/@steemitblog/steem-basics-rc-system-for-beginners
Resource credits - a developers guide
https://steemit.com/steem/@steemitdev/developer-guide-resource-credit-system
Curriculum
So far I have published 6 videos from this course on the blockchain.
You will find the first two here in this post. The Introduction and the STEEM wallet overview
In this post you will find the next two videos covering STEEM and STEEM Power
https://steemit.com/utopian-io/@paulag/what-is-steem-and-steem-power-video-tutorials-1540330487769
In this post you will find lesson on SBD and the Internal Exchange
Hello @paulag,
Thank you for doing such great video tutorials!
It is so good that these tutorials are up-to-date and done after the HF 20. I am sure many people appreciate the new information given here.
Your presentation is engaging and nicely done.
There is a typo at 1:14 in the first video.
It should be 'voting' instead of 'viting'.
You might want to correct that for the other platforms.
Somehow the audio of these videos are not as clear as the other ones.
Look forward to your next video,
Rosa
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Thank you for your review, @rosatravels! Keep up the good work!
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This post has been rated by the user-run curation platform CI! In this platform users are able to manually curate content. This is done regardless of Steem Power, for both rewards and vote size calculation.
Join in at our site here!
https://collectiveintelligence.red/
Or join us on discord to interact with the community!
https://discord.gg/sx6dYxt
This post was submitted for curation by: @f3nix
This post was given a rating of: 0.9325668003780361
This post was voted: 69.17%
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This post has been rated by the user-run curation platform CI! In this platform users are able to manually curate content. This is done regardless of Steem Power, for both rewards and vote size calculation.
Join in at our site here!
https://collectiveintelligence.red/
Or join us on discord to interact with the community!
https://discord.gg/sx6dYxt
This post was submitted for curation by: @f3nix
This post was given a rating of: 0.9980975370900237
This post was voted: 74.03%
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This project is being supported by @Fundition
Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and collaboration platform, built on the Steem blockchain.
#upfundition and #fundition tags on Steem represent the projects that are started on https://fundition.io.
Are You Prepared to Make the World a Better Place too?
Read the full details of Fundition Fund program
Learn more about Fundition by reading our purplepaper
Join a community with heart based giving at its core
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Hi @paulag!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your post is eligible for our upvote, thanks to our collaboration with @utopian-io!
Feel free to join our @steem-ua Discord server
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This clears up the questions in the minds of beginners and some dumb members like me, well explained @paulag
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by no means are you dumb, thank you for the compliment and thank you for visiting
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I can understand this tutorial, how to work steem I already know because of your tutorial, maybe this video is very useful for everyone who joins steemit, thank you !
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Hello @paulag.
It appears you have exposed your private MEMO key as a memo in a recent transfer.
We suggest changing your password before another user can maliciously use it; reading any encrypted messages sent to your account, or pretending to be you on services such as Minnow Booster.
To change your password go to https://steemit.com/change_password and fill out the form.
Click here for more information.
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wonderful video for us, thanks for wonderful information share with us. love your style and God bless your work.
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Hey, @paulag!
Thanks for contributing on Utopian.
We’re already looking forward to your next contribution!
Get higher incentives and support Utopian.io!
Simply set @utopian.pay as a 5% (or higher) payout beneficiary on your contribution post (via SteemPlus or Steeditor).
Want to chat? Join us on Discord https://discord.gg/h52nFrV.
Vote for Utopian Witness!
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Interesting and well done videos. This is not complicated to me, since I am a Software Programmer. But I can imagine how all this must sound like nonsense to the new users joining the Platform. It must be so confusing. Hopefully, your videos will help.
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In total I have an hours video on all of this stuff. To have to spend an hour explaining just goes to show the system is way more complex for the every day user than it needs to be. I hope over time we will see changes that make this a 5 min explanation instead of an hour
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Yes, I agree. I have been telling some friends about SteemIt... but I would advertise it a lot more, if it wasn't so difficult for newbies to understand it. :-/
Oh... and my uncle keeps asking me: "Where does the money come from, to pay all the users?"
To say the truth, I can't find a simple way to explain him.
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well that part is simple. it comes from Investors. When steem was set up there was an investor named freedom. between him/her ned, dan and who ever else, when they set up steem the had to back the coin with an investment to give it an initial value, then as more and more exchanges took on steem, cryptocurrency buyers started buying, pushing up the price from the initial price which would have been set by the initial investment. So lets just say freedom decided to dump his investment, he has so much, I think we would see another fall in price. As the price falls, as you can see from your own votes, the value of a vote becomes less as there is less investment to divvy out.
So it not really where does the money come from, more of a case of new coins are produced and they now have a value based on market trading and the initial investment. Does that make any sense?
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Yes, it does. Thanks for the explanation. :-)
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Thanks for the information! It is very helpful and handy especially to new users. They should know these basic information..
Cheers!
Posted using Partiko Android
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thank you for the explanations in the video and the compilation of text and links!
-1,2 rshares was new to me, the 0,02 payout threshhold was something I've heard of repeatedly in the last days.
also minute 8 second video was something I was searching for. how longer comments affect the RCs. I think to make the comment (max 250 bytes) is 12x more costly than adding extra 250 bytes to the comment.
so definitely not write two comments if possible :D.
how those bytes are calculated (one sign equals one sign or are pics and embedded videos more costly)? I still don't know with links, pics and videos but this was a good helpful start
also what amount/command editing is in terms of RCs I didn't get yet - maybe one of those custom jsons?
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