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RE: Steemit is a community where rich AND poor have a chance to earn. Update to : Is Steemit a community where the rich get richer and the poor get poorer?
I've been reading all type of explanation to really understand how things works here. I have no background in crypto currency or blockchain so even reading all this stuff I still did not get everything. What all this means?
STEEM is the virtual money
STEEM POWER is like and investment or some money I left in the bank to grow over the interest rate.
STEEM DOLLARS is the STEEM as real money?
What the estimated value means?
Every time I reach a point I fell that I understand everything I crashed into another questions..
Anyway, thanks for the posts!
https://steemit.com/steemit/@andrarchy/steemit-vlog-4-steemit-101-steem-steem-dollars-and-steem-power
Here you are. Try search on home page for things that interest you about steemit.
And estimated value is calculated by 7 days median (average) price of steem on market multiplied by all the steem on your account, no matter if its in steem, steem power or steem dolars.