in #steem4 years ago (edited)


Wew .... not easy for understanding the whole concept steemit because fundamental economic quite different from the cryptocurrency other. read the document whitepaper steemityg thickness of 44 page also quite a dizzying head Moreover, if not impatient. purpose writing this article for shared understanding Ane TTG steemit so far. needs to be understood that I also just starting to learn and not an expert a steemit, if there is one please be advised and more happy again if you want to help mengkoreksinya with commented on the bottom of this article.

steem & steem power & steem dollar


To understand the concept of economic fundamental steemit, we have to understand the function of the third-three value of the unit.
the first ... steem is the value of the unit which can be directly we buy in platform exchanger a kayak bittrex, and please note that he did not function as bitcoin where he kept as asset value because every year total supply steem increased 2x folding.

How suppy steem created? the answer is from the proof of work when solving sesebuah block. steem can be mined through Windows and the power of mining determined based processor you, not the GPU kayak ethereum. so ... steemit network starts from 0 supply and based on what is written in whitepapernya: there are approximately 800 steem new created every minute.


 Second ... steem power is the value of the unit which can dikonversasi of steem. for you mengkonversasi back from steem power to steem take 2tahun, gradually gradually as much as 104x payments. why 104x payment because steem power that you konversasikan to steem will be paid every week .. because 1 year there 52minggu then 2 years with 104minggu. this process called as "power down"

Excess have steem powerialah we will get steem every time steem new created (still remember points above mentioned that supply steem will continue to increase every minute?) in the sense said more ... with mengkonversasikan steem to steempower ... we are guaranteed to get the quantity steem (in the form of steem power) that more over time running than ente save steem.

Example anologi case:

Ane has 104 steem power ... then I click on "powerdown". well what will happen is every week I will get 1 steem. steem that I get gradually gradually could I save, transfer, traded or masukkin again to steempower.

If .... in the first week ... Ane can 1 steem .. means there is still the rest of 103steem power again waiting for thawed ... well ... 103steem power still menjana "interest (interest)" of any creation 1 steem new, so its value still increase over time passed.

Every creation steem new: 90% of the steem will be distributed to the holder steem power in the unit power steem. while the remaining 10% him will be distributed to those who contribute in the post article / upvote and comments. in addition, when we mengvoting on sesebuah post ... the greater steem power that we hold, the greater value rewards that will be generated when the creation of steem.


The third is steem dollars.
stability is very important economic success of any company. for it, steemit has a value of the unit which we call as steem dollars, who has a value fix (equivalent) with 1 US dollars.

Is supply steem who always multiple 2x folding the value steem will berkuras over time passed?

 True! just value steem will berkuras over time passed but the value of the unit steem power and steem dollar not berkuras. exception in the case of certain cases in which is a lot of new arrivals bought up steem that trigger value steem jumped mainly on 2 first year of which 90% supply steem locked on steem power. need also known that every 3.32tahun, split reversi will happen 10: 1, every 10 steem turned into 1steem.

Anologi parable

years 0: 100 steem
year 1: 200 steem
year 2: 400 steem
year 3: 800 steem
year 3.32: 1056 steem

Well .. in the year to 3.32 = 1056 steemtersebut will happen splitting and quantity unit steem will return to 105.6 steem

So ... questions so on what the hell goal enactment of the process spilitng these? the point is that the value of steem who distributed to the user steem that active committed in a blog post and holder unit steem power maintained. all the complexity of the objectives of this to:

  1. we can buy and menjualsteem easily as cryptocurrency

  2. we can commit to run a long and ensure kestabilitas so that no panic sell that can lead to the destruction of the market.

  3. if we commit for term a long, then we will get a reward.

  4. if we contribute (post, voting, comments), we will also direwardkan. 

To it .. indirectly, each user steemit will ensure that the site steemit always rame lively, making it a huge success including introduced to the people on steemit and encourage them for participate.

If we spent in forums Reddit / kaskus or social media other, not necessarily everyone can enjoy benefitnya.

But different users who take the time in steem, they they will get a reward only because of the active contribute in the media social. one interesting things before I end of this article is, to start in steemit, should not required capital for buying steem.

You can start for free, just by signing up any, we have given free steem power that worth $ 3- $ 10. isn't this amazing?


Hi Friend, This is Nayan welcoming you to Steemit. To know more about steemit and to be success in steemit community PLEASE FOLLOW AND UPVOTE ME and keep an eye on my posts. I’m already following you. Also requesting you to join FACEBOOK GROUP named veRve for further discussion about streemit.

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