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RE: CRYPTO KNOWLEDGE #1 -STEEM- A Brief Understanding on Steem.
Thanks for the info, clears things up for me.
I still say if they were to rename steemit it would be an instant hit, and would find adoption on the scale and speed of fbook, and twitter.
Everyone i mention it to hates the name....
Thank you Jim for taking your precious time to look through my article.
Appreciate much. :)
They actually considered the name and concept off REDDIT.
And due to the process of conversion to SteemDollars.
STEEM ---- STEEM POWER ---- STEEM DOLLARS (SMD)
MINED STEEM ---- LIQUIDITY FOR CONVERSION ---- CURRENCY FOR EXCHANGE
This may be the plausible considerations for the name.
However, i personally have alot of eyebrows raised when i talk abt Steemit too.
or rather having to spell it out most of the time.
What are your thoughts?
Hit me back just to chat.
Cheers!
I still don't understand many of the intricacies but your post definitely helped me. Thank you @dnonomos.