New to Steem!
Hi people of Steem!
I must say that the idea of giving people money for creating content is amazing!
What is the best way for the community that i can show my support?
And..Does anybody know how i can buy some Steem coins?
Hi people of Steem!
I must say that the idea of giving people money for creating content is amazing!
What is the best way for the community that i can show my support?
And..Does anybody know how i can buy some Steem coins?
Hello and welcome, here is a link to our FAQ https://steemit.com/faq.html
So good to have you here on steemit. You're going to love it > We are looking forward seeing what talents and passions you'll post.
Steem, Steem Dollars and Steem Power explained
In order to make some sense of the whole ecosystem I started digging up YouTube videos about Steem and the Steemit platform, this is probably one of the best ones I’ve found that makes complete sense:
If you don’t want to watch the whole 12 minutes video here’s a quick breakdown of what’s explained in it:
Steem – Is the basic cryptocurrency used to power this whole system. It’s like the bricks used to build Steem Dollars and Steem power (will be explained in a moment). You can buy and sell Steem, speculate on it’s price or convert it to Steem dollars and Steem power. But if you’re not looking to speculate on the price or if you’re not cashing out your Steemit earnings, you don’t need to deal with Steem directly.
Steem dollars – This is the currency of the Steemit platform and is also known as SMD. This is what people send to one another when they upvote posts on Steemit. The reason it’s called Steem Dollar is because 1 Steem dollar represents any amount of Steem required to reach 1 USD depending on the exchange rate at that time (more or less).
However unlike Steem, you can not use Steem dollars outside of the Steemit platform. You will first have to convert your Steem dollars into Steem and only then you will be able to convert that Steem into Bitcoin or USD.
The reason Steem dollars were created is because the founders wanted to peg the value of Steem in some way to the US dollar, so that people will be able to trade inside Steemit but not be afraid of exchange rate fluctuations. This way if you trade, for example, 100 Steem dollars you know you’re giving away 100 USD worth of Steem.
The Steem dollar is just an IOU, a promise – if and when you decide to cash out of your Steem dollars, you will get however many Steem it takes to get to that value in USD. There’s also an interest acquired on any Steem dollars left in your account (currently 10% a year). This is done in order to incentiivize people to leave their Steem dollars in their account.
Steem power – Also known as SP in short, is basically a token symbolizing how much influence you have inside the Steemit platform. If you have a lot of SP your upvotes will count more and will award different authors SP and Steem dollars as well.
Powering up – means getting more SP either by upvotes or by buying it via Steem.
Powering down – means liquidating your SP into Steem.
SP can be powered down for Steem in a long process that takes 2 whole years. SP is considered as a “long term investment” in the Steemit platform. That’s why other than taking a long time to cash out it also bares a very high interest rate, encouraging people not to power down. https://99bitcoins.com/making-money-with-steemit-steem-dollars-and-steem-power-explained/
Saluton kaj bonvenon je Steemit !
The best way to support the community is not only to "produce" content, but to create quality content, something what is important for yourself and close to your heart. Communicate with people !
Steem coins you can buy with bitcoins from trading sites like Bittrex or OpenLedger.
Welcome and have fun! hope you'll find it more interesting than anywhere ;)
Welcome to Steemit!
Namaste
There is a link in the main menu (in the upper right). You basically just need to send bitcoin to the wallet address that it provides.