A Social Media Revolution Has Begun With The Advent Of Steemit.com!
Blockchain technology has changed everything!
New concepts for cryptocurrencies are emerging like the website Steemit.com where content creators and curators are rewarded with cryptocurrencies.
In this video
Dan Dicks of Press For Truth breaks down what Steem Dollars are, how it's possible for them to exist and how you can get your hands (or computer) on some!
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Correction : The "$" value that you see on the website is not "Steem Dollars" it's the estimated USD value of the Steem and SBD you are expected to be earning at payout, 7 days later. Your payout it usually comprised of 50% Steem in powered up state "Steem Power" and 50% in SBD Aka. "Steem Backed Dollars", which are designed to stay pegged to 1.00 USD.
Kinda depressing that in these +250 comments nobody bothered to inform this gentlemen.
@pressfortruth Let me know if you update something somewhere to correct the mistake and I'll up-vote your post.
Correct you are sir! I mention in this video that I explain everything in greater detail in a previous video ;) I created an end card link for it at the end of this video for the people who wanted more detail about how it works.
Glad to see you are aware of the mistake you made in the video. This is really important!
Having said that, you give a good explanation about where the value of Steem comes from. When answering the question "where does the money come from?", often people say it comes from new investors. This is not incorrect, but also misleading.
These new investors do define what the price of Steem is (as is the case with any type of market place), but ultimately you are right in pointing out that the value of any type of money is just a collective agreement.
The answer to the question 'where does money come from' is pretty easy to explain: human brains keeping track of who owes them and who they owe. just thought I'd drop that one in there.
The price is determined by the ratio between who wants it, and who wants to sell it, and is set by actual trades.
I agree!
But the new money comes from somewhere, of course...
This is where the inflation rate comes in. I think with an inflation rate of somewhere between 5 and 10 percent, the platform would be a healthy one. In this case, the inflation rate is low enough so it doesn't deter people from holding the currency. And is high enough so that people can make a significant return when creating quality content.
yes, Steem is the first application of the inflation tax to do something other than help make exhorbitant profits on funding both sides of a war... And it more or less makes copyright irrelevant, in the sense that if you post it on steem, you got paid...
Couldn't agree more!
i saw this youtube and ended up joining of course support for my posts is nothing like the examples he quoted --am happy though cause i realise i can grow with the network
Glad to see you have joined Steemit!
Enjoy!
now following you
Thanks! Appreciated!
Hi I love your post and I am very passionate about steemit as it is a place where individual success is based on collective success. There are many frustrated minnows and I will give my best to help as many people as I can..... Is there anyway I can get you to resteem this foe me with your impressive following so that more people can see this and possibly have a better experience so more people join this community. This is the way steem will grow in value. Please resteem this for me while I am in the process of writing my next piece. If you don't, I respect that. If you do I am very grateful.
https://steemit.com/steemit/@yoda1917/how-minnows-and-newbies-can-get-lots-of-upvotes
If there is anything I can do for you in return, please let me know.
Regards
Yoda
Great post @PressForTruth and thanks @Transisto for clarifying. This is a true example of a community working 'Together'
Again many thanks, keep up the good work!
I really liked your comment!100% agree.
Hi I thought you would be interested in reading the current Steemit traffic compared with reddit it competition
https://steemit.com/steemit/@newmarket65/steemit-2-million-more-website-hits-in-may
follow me and i will follow you
@transisto Thanks! Steemit is very very confusing for new users!
Lock the seat belt. Up and down swings comming.
I told you this would be the best place for you to finance changing the world. Congratulations for finally finding a welcoming place @PressforTruth.
As Bucky Fuller would say, "Build the new and make the old system obsolete."
thats really awsome, and Steemit will take over social Media soon.
I read what I like. I comment my Ideas. and I share all my thoughts with no barriers.
some people do not even have freedom of expression in their countries.
I have freedom of expression and I get paid isent it the best thing that could happen to any free thinker.
I m feeling better here in this space...
Resharing @phibetaiota
We are very committed to expanding this Expanding
Social Intelligence Game/Network... SIGN!
Thank you for the contribution.
~The Management
This is so true words ill follow you.
really is cryptocurrency reliable @hilaski ?
Dude, is FIAT Currency reliable? Seriously? Google and do some research man. All currency is is a standard of "trust" that two people transfer for a good or service.
Rightly said. Just Google "Zimbabwe Hyperinflation" and you'll know how useless fiat currency can get.
Very true there. Currency is only a perception on what is accepted by two parties
Its the Uber and AirBnB of finance
Uber was busy providing helicopter rides to the Sundance film festival and expanding its food delivery service across the US
So you think Steemit will become mainstream one day? It truely has a game changing potential. What needs to be improved in your opinion to make this happen?
You are being followed by a coin puppet!
Please follow it back ;)
It could! It needs a handy little app for andoids and Iphones so that people can post on the go!
Indeed! Since i discovered Steemit im finally about to quit my job , I literally invested every single penny in Ehterium 2 month ago and after this summer I'm gonna quit my job and go all in here !!
Amazing post btw and you have a strong points
Yo man, I love your enthusiasm. The best advice I can tell you for this is KEEP YOUR JOB.
Never limit yourself to one source of income. I learned that the hard way.
Agree with @rdollarsign, learned it the hard way too. And one more thing @mirage, please don't go all in. Never put all your eggs in one basket, always diversify. Nothing wrong to indulge oneself with calculated high risk while we're still young, just don't be too reckless.
Source: I'm a 26y/o househusband with loads of passive income stream that I managed to build since highschool.
exactly, dont go all in, espically if thats all your life savings... even dough this is destined to go to the moon, dont invest more than 10% of your net worth... a year or two when this goes 50x you'll be 5 times worth than you are now...
I am in this same step! Quitting to enjoy life steeming
That's awesome man!
Full power steem!
Exactly steemit needs an app asap.
There already is one. eSteem. Not the official Steemit app, but it connects to the Steem blockchain and works just fine.
yes i thought about this moments ago. it will help to accumulate more members for growth of the community and people can upload content whenever and where ever they are at any moment in time, maybe we even get live feeds as events occur.
agree
Yeah, totally!!!
Send some votes this way and help the block chain!!
This is true it would make it easier for everybody to benefit.
I just joined and the app was the biggest selling point for me. I'm always killing time on the internet and posting on my free time!
There's an app called esteem it's linked to STEEM and great for iOS and android.
This! An app will be amazing. Are there any plans in the future for this?
This would be amazing! Anyone wanna start designing?
The closer we can get Steem to Reddit curation wise the better. Content wise we need to attract independent journalists, travelers, writers and photographers. Steem needs to be championed as a way to cut out middlemen, spread content and get paid for good content! If we get one of these the other will come.
Right, getting in high quality bloggers and other content producers will make a difference. And funny comments, never underestimate funny comments.
Comments are important because they'll help build a community of consumers.
And good comments often contain even better information than in the article ;)
Spreading the word will hopefully benefit us all.
Bro! I completely agree!
Definitely. This is just an early beta (I believe it's actually still alpha) of Steem so you can imagine how many improvements will be rolled out over the next few years. I only see it getting better and better an wider spread as more and more people start posting their content around.
Steemit definitely has the potential to become mainstream. I'm already using it more than some of the mainstream social media apps that are out there.
Since I am on Steem I have barely touched my Facebook account. Feels just wrong to be there.
Right on dude !!
Good point. It is addictive in a way I cant explain
Currently Steemit has a huge advantage: There is a large proportion of the userbase who try to create as much valuable content as possible. Which benefits steemit in de long run.
Follow me I am following you
It's a bit like in Kindergarten: Show me yours and I show you mine.
Following!
Done!
Done !
Done and thanks
Totally rational... I've just followed you (please) follow back. I've been living off BTC for the past 6 mos. Starting up my Solar / Hydrogen Business in USA. I'm disgusted with FB, MSM, etc.. Let's all network and hang together or be manipulated separately!
Death to MSM.
i got you baby!!
done!
Good on you Dan!Steem needs more publisity. I'm a patron of PFT and signed up to Steem last year when Jeff B. posted on it's existence .
Thanks so much for your support!
@pressfortruth sir I am new here I am following please help me to increase my reputation. please follow me.
Love your stuff Dan. Steemit is a game changer and its just getting started.
Good post .thank you for sharing
ps : this is my first comment hh
@pressfortruth
Love your video...Your confidence in steemit as a social media platform is encauraging foe me as a new member. I loved it when you said that the same contents and likes you get on other social media like Facebook for nothing is rewarding here in steemit. This I concur as I ha e been managing a health page on Facebook with nothing to show for it and here...just under one week of steeming hot, I am seing my reward already. Thanks for sharing this great video...keep it coming as I am following already....
Short and to the point. Excellent video. Steemit is just one of many disruptive technologies that will destroy legacy systems and social norms. I am honored to be here. Spread the word!