📌 Quick explanation of blockchains, cryptocurrencies, and why they're so important.
Newcomers to Steemit quickly find themselves in a sea of new techno terminology that might seem a bit daunting at first. Let's start with the most-important stuff: Blockchains and Cryptocurrencies. In my opinion, they're just as important as the internet itself.
Great video again! Blockchain and cryptos are the future and the sooner people are educated about it the sooner we will see forward movement. Steemers are an integral part in this forward movement and they may not even realize it. Thanks for all you do in brining crypto to the masses.
Such rich information, and you know how to keep it simple and concise. Your videos are helping tremendously with information to be talked about during our new podcast that some friends and I have begun producing, in which we'll be giving props and linking to whichever videos of yours we reference.
Would you ever be up for joining in and doing an interview with us if it became an option?
Sure, that sounds fun :)
Awesome, I'm sure the guys will be stoked to hear. We're still ramping up, but we will definitely be in touch as soon as possible. :)
For the at least 90 of you who did not watch the video, but upvoted anyway. Gabriel gives a brief history of cryptocurrency and money and what gives each one value. He feels Steem is a good way to get newbies into crypto and that makes it more useful than Bitcoin in one light at least. He gives his opinion on where he sees Steem going, he thinks it could out perform Bitcoin and could be worth a lot more than it currently is today. He talks about one of the great aspects of cryptos- that governments can't control cryptos (that they don't start). Cryptos could prevent war or at least put a damper on some of the more sociopathic government programs. My latest Steemit post is here: https://steemit.com/bitcoin/@bitcoinmeister/the-next-bitcoin-scam-and-my-thoughts-on-altcoin-day-trading
lol Thanks Adam!
Good Post!
Other useful analyses/info:
Fact of the Day! “93.44% of ALL (Liquid) STEEM comes from…”
Beyond the STEEM Whitepaper – 1. Blogging and Curation Rewards Fund; Steem Backed Dollars Creation
Beyond the STEEM Whitepaper –2. Where the money come from; New Users DO NOT Increase the Value of Steem (yet)
Beyond Trading – The Medium Term Fundamentals. 1. – 7.29.2016
Solution to the Curation Rewards
Fantastic. Something like this is required if Steemit were to attract the mainstream Reddit audience. I think that is Steemit's biggest challenge - getting the average internet user up to speed, firstly on blockchain and cryptocurrency, then on Steem. The platform itself is solid.
It's simple, but rarely explained as neatly and precisely as you do here. :)
Thanks! Yeah, I think we have our work cut out for us but I can't think of a more fulfilling project. Getting a crypto to really go mainstream would be the best thing I can imagine right now.
Yes, we have been waiting for this moment - an application of crypto that the mainstream will instantly get. It will need some persuasion, but with educators (can I call you that? :)) like you it can be done.
Now it's up to the Steem developers to execute on that promise.
One of the reasons why it's hard to explain why crypto-currencies have value is because most people don't understand why fiat or government money has value. I think people in countries where monetary systems have failed understand this. It's people in some western nations that don't because they have never suffered through a rapid currency crisis. Currencies like the dollar are dying. It's just that its's happening in slow motion. It's like the frog in water. If you slowly raise the temperature the frog will not notice until it to late and boils to death. It's same with fiat, governments have be slowly flooding the system with money. By the time ordinary people realize what's happening it will be too late to get out. Things like gold and crypto-curreny offer an escape hatch but people don't see that yet.
Yup. It's super hard to explain crypto until fiat is first understood.
Hey @Piedpiper
Blockchain is complicated for now but it is ground breaking. I think that steemit is making people understand this alot better.
In the near future the term Blockchain will become a very comon term.
Thanks for your videos.
Regards,
Agreed :)
Thanks @piedpiper for the great video explanation. Especially for a noob like me. Got no idea at all what all these crytos about. Just by accident came to know Steemit while googling. Luv it! Am trying my best to catch up from all Steemit posts. Hope to learn how and where to liquidate or to buy it. Steem on!
First, open an account on a bitcoin exchange of your choice (search for one that deals with your local currency). Once you have that, it only takes a minute to get your steem dollars off of Steemit. I made a quick demo video here.
Thx, will find out.
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Cool video, thanks again. The music is beautiful too. Reminds me of Stranger Things.
It 's from Deus Ex, a video game that I used to play as a kid. ;)