Translation report part 17: Steem White Paper (Genesis)

in #utopian-io6 years ago (edited)

A2852D1D-F3B1-46C2-9827-89CFA8F3562D-2-2.png
(Immagine made by @pab.ink)

This post is published in relation to the @utopian-io & @davinci.polyglot translation project, by a selected Translator for the Italian language

PROJECT DETAILS

The project that I have taken charge of is Steem White Paper (Genesis). Genesi means that it is the first draft. This document has great value, even if there is a more recent and updated version; given that without a comprehension of the basis of the past it is difficult to have a clear vision of the future. This project is very important and has unlimited possibilities that come up after you take a read of it. Thanks to my role of translator I have the great opportunity of comprehend always better its values and its complexity. The sector of the blockchain is in rapid expansion and Steem is an optimal example of one of its many applications that can be aimed at. The fusion between social media and cryptocurrencies really has optimal expectations for the future.

Check out the whole project on Github

CONTRIBUTION SPECIFICATIONS

  • Translation Overview:

This is my seventeenth work as a translator of the Steem White Paper (Genesis) project. I am close to the conclusion of the the translation of this project, since I have completed about 83% of this work. My awareness of Steem grows thanks to the possibility of working on this project. The motivation that drives me to translate is the belief in the concept of open source. My work remains unchanged and consists in translating from English to Italian. In these thousand words we have dealt with various topics including: impact of token creation rate, allocation and supply and other interesting topics. Here is a brief extract about the impact of token creation rate:

At first glance, 100% annual increase in the STEEM supply may appear to be hyper-inflationary and unsustainable. Those who follow the Quantity Theory of Money16 may even conclude that the value of STEEM must fall by approximately 5.6% per month. We know from countless real-world examples that the quantity of money does not have a direct and immediate impact on its value, though it certainly plays a role.
Because 90% of all STEEM created is distributed back to holders of SP, the result is similar to having a 2:1 "split" every year rather true inflation. The total rate of expenditures used to reward contributors is about 10% of the market capitalization per year, a rate well below what Bitcoin sustained for the first 7 years after it launched.

LANGUAGES

Source language: English

Target language: Italian

To check my previous experiences as a translator you can consult my application

WORD COUNT

Words Translated: 1074

PROOF OF AUTHORSHIP

You can lookup Crowdin project on the following link, as well as the summary of my activities

link 1

link 2

Note:

Some phrases have been taken from my previous post

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@filippocrypto, I gave you an upvote on your post!

If you are interested in claiming free Byteballs ($10+), just for having a Steem account, please visit this post for instructions: https://steemit.com/steem/@berniesanders/do-you-want-some-free-byteballs

Hi @filippocrypto!

Thank you for your contribution!

  • the post is very good written, discussed and formatted

  • the translation is good with two some little imprecisions in semantic and orthography. Check everytime all details!
    Well done!


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