Let's Talk About Steem Baby! - Why Can't I Vote Or Comment?
QUESTION: I cannot comment or vote? What should I do?
@thekittygirl says, "If you are new to the Steem blockchain, you have only a few Resource Credits (RC). Once you have written some posts and gotten rewards for them, you can "Power Up" the Steem & SBD you earn, which means turning it into SteemPower (SP) which will allot you more RC. The more you post, earn and PowerUp, the more RC you will have!
BLOCKCHAIN: A blockchain is a public ledger of information collected through a network that sits on top of the internet. It is how this information is recorded that gives blockchain its groundbreaking potential. Quoted source HERE
STEEM: STEEM is the foundational cryptocurrency of the Steemit network. STEEM can be exchanged for bitcoin or other cryptocurrencies via several prominent exchanges. In order to cast votes, however, you need to turn your STEEM into Steem Power (SP). This process is known as “powering up”. You can also convert STEEM into Steem Dollars. Quoted source HERE
SBD: Steem Dollars, valued at 1:1 with the US dollar, are a unit used to represent a short-term debt. Holding Steem Dollars is described in Steem’s white paper as a way of lending the community the value of one US dollar, which is designed to foster growth. Quoted source HERE
RESOURCE CREDIT: Resource Credits are non-transferable credits given to each account based on how much Steem Power it has, which get “spent” whenever a user transacts with the Steem blockchain. Quoted source HERE
POWERUP: This is the action of moving Steem to Steem Power (SP) within your wallet. Quoted source HERE
DELEGATION: Steem allows a user to delegate out Steem Power to other users. It essentially means you are letting someone borrow your Steem power. If you get Steem delegated to you, it means your voting and curating power goes up by the amount you are delegated. Quoted source HERE
See you next week with another question from the Steem Terminal.
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Wonderful job for providing one-stop location to teach newbies.
@thekittygirl I really liked your definition to explain RCs to layman. It could not have get more simpler than this, again a very good job and great initiative.
She really is a wealth of knowledge!
This...
Is an awesome post! Great job on touching base with those "tricky" pieces of lingo... I am proud to be a part of the @steemterminal
If anyone needs SP for RC, they can get them for free by going to https://giftgiver.me.
So happy you did this! Please feel free to put it on ALL of our posts!
Ren
Gotta do what I can to help :).
Great info ladies!
I just love how this came out! Who knew we could do something so fun!
Ren
Thank you SO much for clarifying this for me! I will keep this as reference to share with others, too. Nice job 💙
So glad you were able to find some help in it. Feel free to join us in the Terminal!
I am in the Terminal... 😇 It was nice to see it written out so simply and helped me piece together what the wallet does.
I am so glad you are there! I am sorry I didn't realize that. I have had my head stuck in spreadsheets for the @heyhaveyamet project.
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🎁 Hi @steemterminal! You have received 0.1 SBD tip from @dswigle!
@dswigle wrote lately about: Tree Tuesday On My Early Wednesday Walk Feel free to follow @dswigle if you like it :)
Sending tips with @tipU - how to guide :)
As a new steemian, this post has helped me massively, I now have a better understanding for the terminology and basic systems this wonderful blockchain has to offer, this community is the best so far! Also I can speak for the administration of the Steem Terminal, they welcomed me with open arms and have been ready and willing to answer all my "newb" questions lol, thanks guys! Wonderful write up Ren! @steemterminal
Great idea to have this information easily accessible for reference!
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