Announcing the Steem Bluepaper!

in steem •  last year

Hello Steemians!

Last week we released an updated version of our Whitepaper. We are currently in the process of converting that document into a format that can be updated through github so that it may become a living document which can be easily updated over time by the Steem community. The Steem Whitepaper is a part of Steem history, so we don’t want to change it too much - but we do want to keep it up to date with the technical details that change through hardforks.

Everything Has Changed

A lot more has changed over the last year than the technical details of the Steem protocol. The entire blockchain sector has undergone a seismic shift and the Bluepaper is our response to that shift. People of all walks of life now turn to these documents to learn about our technologies. This is especially the case for Steem which is an open and decentralized database designed to power applications which serve the needs of ordinary people; not just those who already know and love cryptocurrencies and blockchains.

Designed for Everyone

The Bluepaper is designed to be a helpful guide to our protocol that is comprehensible to the widest range of people. It integrates the feedback we’ve gathered since launch about what people felt was missing from the original Whitepaper, features that have been added, and links to more technical documents for those who want to dive deeper into particular aspects of the protocol. It too will be hosted on github and become a living document that can be updated and improved over time.

It is our hope that this Bluepaper will be a useful aid to anyone seeking not just to understand our protocol, but our mission as well. To read the Bluepaper please visit: https://steem.io/steem-bluepaper.pdf

One More Thing

We’re happy to announce that Steemit has partnered with a team of e-commerce professionals to launch an online store full of Steem-brand merchandise available for purchase with your hard-earned STEEM and Steem Dollars! The team handling this project has years of experience running successful online merchandise stores in addition to being long time members of the blockchain community.

For more information, check out their announcement on @thesteemitshop and you can peruse the store at www.thesteemitshop.com.

Team Steemit

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Did I do it right?

YearSupplyInflationNew Supply
2016250,000,0009.50%23,750,000
2017273,750,0009.08%24,854,398
2018298,604,3988.66%25,854,554
2019324,458,9528.24%26,727,942
2020351,186,8947.82%27,452,027
2021378,638,9217.40%28,004,740
2022406,643,6616.98%28,364,989
2023435,008,6506.55%28,513,181
2024463,521,8326.13%28,431,762
2025491,953,5935.71%28,105,742
2026520,059,3355.29%27,523,204
2027547,582,5394.87%26,675,768
2028574,258,3084.45%25,558,997
2029599,817,3044.03%24,172,733
2030623,990,0383.61%22,521,348
2031646,511,3863.19%20,613,886
2032667,125,2722.77%18,464,106
2033685,589,3782.35%16,090,399
2034701,679,7771.93%13,515,587
2035715,195,3641.51%10,766,608
2036725,961,9731.08%7,874,074
2037733,836,0470.95%6,971,442
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this is very useful !
"what's the inflation rate ?!"..., is and will remain a very common question !

these numbers look fairly well considerd
(and should refute rumors of steem to be a highly linflated system.)

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Is there something going on between folks from Steemspeak and the idea of inflation? I see the corellation almost EVERYWHERE!! is there a conspiracy going on? i want in!!

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Okay i might sound like nonsense. Perhaps i am.

It's just that the people i see who posted the inflation table are almost always solid dudes (such as yourself) I see in Steemspeak. Nothing wrong with that though! Its just an observation i noticed.

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We do talk about economics in SteemSpeak, so it's just part of that I guess. For example:

https://steemit.com/cryptocurrency/@inertia/dilution-not-a-tax-not-theft

I think the reason you see the table so often is because I added a command ($inflation) to @banjo that will calculate the inflation table any time you want.

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But I don't care what you think that I think that you think that I think that you're wrong.

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Wow that was a good read, thanks for the link it was insightful for me. owh you manage @banjo bot? why, i should thank you, haha.

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Thanks. Can you tell me a jokr?

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Do you want to know which goddess is my favorite?

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But if the blue paper is blue, how will we be able to see the text.

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sorry.. im noob. what will happened if the new supply are finish completely/

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Finished?

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Interesting !! But one question .... What happens as inflation comes down to 0.95% ? From where will rewards for miners, authors and curators come ??

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From the same place as now. Only, you'll get less STEEM. The hope is that the price of STEEM will correspondingly rise.

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What is the point of translating the bluepaper when steemit.com itself does not support languages other than English. I wish the steemit devteam would consider launching a translating project for the system itself. All they need to do is to provide a platform where translations can be submitted and reviewed, and the community will do the rest.

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I have been waving the flag for this effort for a year inside of Steemit and it’s starting to bear fruit.

The internationalization of an app’s interface is a lot of work, even leaving the translating of the text aside. Fortunately, that part is almost entirely complete now and we’re working with onboarding a team of volunteer translators to ensure both our website and mobile apps are going to be fully accessible to non-English-speakers. I think it is perhaps the most important feature we can ship.

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Thank you, @sneak. That is good news indeed.

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The dev team has commented on this elsewhere, but they are working on changes to support translations of the UI. Even without that though, there is already a need for translations of the bluepaper and similar content. There are quite a few non English speaking users on the platform already.

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they are working on changes to support translations of the UI.

Happy to hear that.

Even without that though, there is already a need for translations of the bluepaper and similar content. There are quite a few non English speaking users on the platform already.

I agree that it would be useful to translate it to already popular languages.

sweet reading the Bluepaper now..

Thank you for another update on current developments. I personally feel very comfortable with the various updates we received in the past week from you and @steemitdev.

No huge imagination is needed to see that you (steemit.inc) plan to push the platform and steem blockchain to the next level!

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Yes, that is true, and it has reflected in the STEEM price too :)

Still, it wo7uld be great if you start announcing about technical, UI and marketing developments too.

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Glad you feel that way! Thanks for the feedback!

Community Liaison, Steemit Inc.

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nice one @andyrarchy I saw your videos on youtube so im going to follow you now brother!

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@tarekadam Totally agree! and I'm happy to have discovered the Steemit community and to witness its growth.

This is amazing news. STEEMIT is finally starting to push it's ecosystem in the right direction and do some marketing. We need more advertising, we need people who can answer questions, such as Mods (but not censor content) and also a new way to register accounts and to avoid bots and spam. I'm looking forward to see what the STEEM network has in store for us from now on!

Awesome, when I send people to the old whitepaper they have many questions that were already updated (like the inflation). Really glad its been updated!

ReSteemed! Blue Paper is just what new users need to get started on Steemit, a much better understanding to how this platform works.

Well done Steemit Developers heads up for using the K.I.S.S principle
images (3).jpg

Read the Bluepaper, Its awesome, I Love this blockchain

Also, don't forget to support the Steemporium which supports SteemIt artists with purchasable merchandise using Steem/SBD!
@steemporium

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Who owns steemporium?

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Ah, i thought it sounded familiar. Thanks.

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That's why it's a great opportunity to have a shop so everybody will know about steemit ^^

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You don't have to hate on the idea to harshly @berniesanders
We're proudly running a shop also, that solely features artwork from steemit users.

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Baby steps first

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Harsh way of putting it but i think i get your point.

But you don't agree that Steemit can grow organically without huge marketing campaign?

(Be kind to me pls)

This is excellent news guys. I'm really happy to see the activity from the top on the @steemitblog page and truly believe in the direction that you're taking Steemit.

Keep up the great work!

I blogged about the price of STEEM last night and wanted to add my 2 cents from a trader's point of view.

This is great news.i am sure there is going to be some cool stuff

Upgrade of steemit and steem value?

original was the whitepaper, then some curriencies made the blackpaper, now we have bluepaper!
and whaaat? shot with steem? seems FANTASTIC! Glad to be a part of this fantastic community!

"We’re happy to announce that Steemit has partnered with a team of e-commerce professionals to launch an online store full of Steem-brand merchandise available for purchase with your hard-earned STEEM and Steem Dollars! "
Will these products be shipped all over the world?

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Yes we ship internationally!

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This is great, thanks for your reply! I hope the inventory of @thesteemitshop would increase rapidly and just like Amazon, we will have the ability to buy anything online here!

awesome

I get Transaction broadcast error on Power down. Can anyone help?

thanks, i took a look at it. it is definitely needed. while it is readable, it may even need to be simplified more. i'm one of those ordinary people still getting the hang of things (-; peace

WOW that's a great news that now we can purchase online from our STEEM and Steem Dollars.

Cool! @steemitblog Just yesterday I was thinking that Steemit should have his own online store. That was my first impression as a rookie in this beloved community that I'm starting to love. I love you Steemit! Very good news on Steemit today! :)

Thanks Team Steemit!
Merchandise looks GREAT!
Thanks for providing the Bluepaper.

YAAAYY!!! MERCH SHOP!!

TIME TO SPEND ALL THAT STEEM I DON"T HAVE!!!!

I was wondering if thesteemitshop.com can be linked to your Steemit account?

Could this be done through Steemconnect?

Make that happen and turn thesteemitshop.com into a clear web marketplace. Something similar to e-bay would be great.

Maybe even make a new website called mysteemitshop.com for it and make a steemit account a barrier for entry into the marketplace.

Then make my Steemit account able to hold my BTC also and I am laughing!

Thank ,
This is fun for me the news.

I did not even think that such an extensive network.

Can't wait to rep gear that nobody knows about :P

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It's called advertisement

WOWZERZZZ! A steemit shop! Time to buy some merch!

Yes please put on github so we can discuss as a community in a structured way. I'm all for simplifying terms and finding novel ways of expressing concepts but I think "Proof of Brain" is a mistake, for example.

I`m sorry but I would suggest you create a shop for real products, not just Steem-brand products. If you want to get more people on the Steem-wave so to say, then you need to abandon this idea of lunching ONLY Steem products on the store... I have some Steem coins invested and I like the project, but the products you put on the store are uggly, useless and worthless. Please grow up and make something worth for other investidors...

I really need to take some time to read the whitepaper.

So, after scanning over the new bluepaper, is there nothing in there anymore about creating algorithms that would prevent people from gaming the system for profit?

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We should get together on this. It's an issue I want #NewsTeem to cover

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Everything contained within the whitepaper still holds true and that will be continually updated. All of the anti-spamming and anti-fraud measures are still in place and many more have been added. The bluepaper is intended for a more general audience.

Community Liaison, Steemit Inc.

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Awesome. Thanks for that clarification. Can't wait to see the bluepaper evolve!

Great news! It would be even better if the Steemit Shop accepted STEEM/SBD directly, but I'm still happy with it. Buying a hoodie :)

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I believe that feature will be coming soon.

Community Liaison, Steemit Inc.

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I just bought with STEEM.

Would you accept merch designs from the steemit community? There should be a way to buy merch with Steem.

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They are! You can email them to luke@steemit.com. Check out their post @thesteemitshop

So much services already being offered on this platform in exchange for Steem :) Can't wait till the day I can buy a house with Steemit, hehe ^^

My schedule for the day is... 'reading this bluepaper and understand the details'. wish me luck!

Steem on peeps!

We’re happy to announce that Steemit has partnered with a team of e-commerce professionals to launch an online store full of Steem-brand merchandise available for purchase with your hard-earned STEEM and Steem Dollars!

Wonderful , I was planning to do something like this somewhere in the near future. ;-)

I'm excited to bread this! I wasn't completely unaware till your post.
Thanks and praise.

Pleased to hear about the blue paper.

its great thing ... and the steem shop (Mart) is a unique and useful project for all crypto currencies lovers and holders... Great job @steemitblog ..

This is just what I needed to read today! Thank you so much!

Oh this is gold - Steemit gold! am about to read the Whitepaper issued now this. Any clear information I get helps me form a better view of what I'm doing on Steemit. I am convinced that we can make the best community ever. Not familiar with all the other social media sites and I'm only on facebook as I wanted to promote something. Anyway I don't believe in a thousand friends, only people who can prove they have worth. I try to put up good content and encourage others. By the quality of replies I receive (and they are so good) I can see the kind of people that are on Steemit. Sure there's a place for sexy pictures and crazy videos, but this is a minority. The majority of Steemians get it. I'm one of them and hope to be for the rest of my days. Thank you for this post

Wow,
OMG STEEMIT MERCH!!!!

Not sure I have any interest in dropping cash on steemit merch.

Great news about the new store - lets get our steem t's on!!!!
nice one @steemitblog

It has been nice to see all the recent posts about the work going into this platform. Keeps me motivated to continue producing content. Thanks for keeping us updated and now to go read the bluepaper!

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Our pleasure! Keep up the good work!

Community Liaison, Steemit Inc.

I am enjoying this steem group. I like your post. keep it up.

Next we need a market place for the users to buy and sell!

that's awesome!! :-)

Congratulations @steemitblog!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 3 with $ 347,8

Jeezuz, look at all the savings at that shop!!!

Thanks for sharig! Some info about the Bluepaper and a link to your post were included in the Steem.center wiki article about Steem. Thanks and good luck again!

Thanks

Ready to Shop :D

And Thank you for tagging me on Twitter

Retweeted :)

I just downloaded the whitepaper and will go through it. Thanks!!!!

NIICEE

big news and big changes, thanks for sharing from long and poor Argentina!

Bluepaper!! I will surely give it a read, but only the non-tech part.
It's nice to hear about a steemit e-shop. That would surely boost steem's value overtime. Between if I buy a cool steemit mug, will I get some SP delegated by @Ned!!! 😄

This is a dream come through. I have waited so long for this. Steemit is the best! This is also a way of making steemit gain much grounds at the same time we all can enjoy better. I love this!

Great ! Can't wait to do some shopping !

Great shop and an awesome way to promote steemit. BTW I am offering for the european market a similar shop, in coordination with the company"Spreadshirt" .
https://shop.spreadshirt.de/steem-spirit/
Here my post to introduce the new steemit-shop. https://goo.gl/3d81mL
I wish you all the success there is!

UpVoted and Resteemed. Follow @SydesJokes

Ya'll are genius'

Steemit is getting upgraded, whoop, whoop!

interesting information. I think Steemit will continue to see a growth in community and size. At first it was a bit confusing to me but it is starting to make more sense. Hop on board, steemit is taking over reddit's community

Awesome

That's really awesome and it makes me very glad that I chose Steem to be my long term place to invest both my time and money. I am so looking forward to a great future with an ever expanding and growing Steemit community and many new and exciting Steem based Apps!

Very nice my friend ,

스팀유저를 확보할 수 있는 매우 합리적인 방법입니다.

cool and thanks for announcing of the blue paper.

Thank you so much for this opportunity!
We made history :)

This will definitely be helpful in getting friends to join Steemit!

Awesome news! I think I came on board right on time!

Yeeees!!!! Great to see we have another store where we can buy stuff from giving more use for SBD. I really like the look of those iPhone cases and I may get one

The Blue Paper Is Literally Blue. This Is Too Good To Be True. I Love The Color Blue. Thank you for keeping us all updated on steem and steemit. Very Nice Job! Far too often I think we forget how awesome fee less transactions are.

Haven't read it yet, but will soon.
u & r

I hope steemit will just get bigger and better. We really love the environment and learning from awesome authors.

Simple and straightforward summary. Good work

Wow Nice! Thanks!

Thanks for this.

nice post

Very good news, im gonna buy a tshirt, sick designs.
Thanks for sharing

this is very usefully

Its good plateform for me

Just downloaded the white paper recently. I just noticed the blue paper. Will download this one. By the way, would love to see those merchandise!

Ain't that cool! Steem on!

EXELENTE CALIDAD LA RECOMIENDO A TODO LOS USUARIOS

Looking forward to more Steemit merchandise!

I am registered since april and didn't really give this platform attention. I am just starting to love it! :-)

sounds exciting, especially @thesteemitshop

I think this is a great tool for steemers...i got a lot out of it and even resteemed it because i think a lot of newcomers will have missed this

Thank you for this. I will check it out.