How SteemIt Works in Simple Words. Case Solved.
Who Pays People On Steemit? Do You have to Pay Anything?
Short answer: Steem.
Longer answer:
- You Do Not Pay for Anything out of Your Pocket.
- When you Upvote you don't Pay Anything. Ever
- Steem pays people who get Upvotes.
How Steemit decide how much to pay for an upvote?
Steemit firstly considers Upvoter's Steem Power.
- Upvoter's Steem Power is determined by how much money
Upvoter has in his/her own Steem Power Account.
That means if you have 0 Steem Power, your upvotes will be worth = $0
If you want to take this train of opportunity called Steem
If you want to Crush it here, and become rich while giving value to the world
If so, you must Understand How Steem Works.
How do Steem currencies work and where to keep my money, when I make it?
Read carefully thru this Part and you will Understand how Exactly steem currency works.
I will keep the answer as short as humanly possible and to the point.
Let's Look into a wallet: 
Using @JerryBanfield's Wallet for an example hope he doesn't mind.
Steem
Steem Power
Steem Dollar
How it works?
You only can turn Steem into real money
You can turn Steem power, within 13 payments throughout 3 months of time into Steem(that you can later turn into cash)
When you want to cash steem you transfer Steem into Bitcoin and transfer Bitcoin into real money.
🅲🆁🅸🆃🅸🅲🅰🅻 🅿🅾🅸🅽🆃 Steem Power Grows in value as Steem Coin value Grows on the Market.
More Steem Power you have More power you will have Within the Steemit community. Your Upvote will earn other people more money than a newbie's Upvote depending on how much Power you have.
Jerry's Upvote will be worth around $2, newbies upvote = $0-$0.01.
It's a lot more valueable for you if Jerry follows you which means potential Upvotes from him in future($0.5-$5 per 1 Upvote) than if a newbie follows you and brings potential $0-0.01 Upvotes since he does not have Power yet.
So where the heck should You keep your steem moneyz?
Answer: Steem Power. Why? Because Steem Power will grow as Steems Market Cap goes up. If you have $20 in Steem power today, 1 year from now that 20 will be worth $100-$200 (depending on how fast Steemit value will go up)
Just take a look at what the most successful Steemians are doing.
Jerry keeps his moneyz in steem power
@trafalgar keeps his money on Steem Power.
I can give you a ton more examples but that's not the point.
Conclusion. Don't overthink it. Focus on making as much Steem Power as possible and hold it until steemit value skyrockets, and you are rich.
Now you Understand Steemit. Please Upvote if you Found this Valuable!
I will Explain Steemit More in my Future posts so be sure to follow :)
Thank you so much for stopping by for my content it really means a lot to me!
Great article! Thanks for the info @adil!
Thank you! Always happy to offer value! Followed you to connect more in future
Upvote! 😀 but, I only have $0.01 upvote power because I'm a newbie Lol!
We are all growing in this new young marketplace of attention :) following you!
Great post! Followed and upvoted..I've been trying to keep most of my rewards in Steem Power
Thank you @drewley ! Just followed you back! It's wise to Power Up at this point
I should start powering up now, hope it is working, as i am a bit nervous in converting the steem dollar to stem [power
There is always a little doubt when doing the first step, most of the time that is the most important step to take :) Powering up is great for you, makes you more of an influencer in the community
i have tried it in the market, but nothing happens. my steem dolar is still the same. any idea?
Another really awesome read, going to work on pumping up the steem power!
Thank you @adil for helping to clear things up. I am still a newbie in the steemit community, but you definitely helped to shed more light on the inter-workings.
Wow. Awesome guide here, thanks so much for putting this together! Upvoted, following you and am totally impressed at how well you figured things out so quickly. Here's to your success at Steemit!! :)
Thank you so much @judym , I really appreciate your support!! Following you to connect more in future!
Thanks so much, I appreciate that! Hope you're having a great weekend :)
This is fantastic and completely comprehensive. Thank you for putting it out there.