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RE: Lessons learned from failing as a witness
I'm a newbie . I've hear quite a lot about "witnesses" but i quite don't get what it is . Does anyone have a nice newbie safe explanation
I'm a newbie . I've hear quite a lot about "witnesses" but i quite don't get what it is . Does anyone have a nice newbie safe explanation
Witnesses ensure the data is immutable and legit. For example if I try to send you money that i don't have the witnesses will not process the transaction.
Its like the Bitcoin Miners who do all the bitcoin transactions! Where do you think all this "free" steem comes from that is rewarded to us here everyday? Its MINED! And instead of just steemit miners keeping all the steem they mine like with bitcoin miners, we basically have volunteers who sacrifice some of what could be potential crypto profit from mining and instead shares that with all of us to make steemit even possible!
Mining an altcinis something many people could do without realizing it! it doesnt take any extra work or real dollar investment (excluding computer hardware and electricity cost) but the way I se it, alot of these computers used to mine were already laying around not doing much anyway!
Its like mining crypto currency is this new thing someone found to make all these old computers useful again!
NOW we see it as valuable NOW we see it as "work" but in the beginning of crypto an to a degree today, its seen as magic money that your computer just creates, and to a degree yes it is, especially when you could mine a bitcoin every day when it was new and anyone could mine!
now we see people STILL trying to convince public that its not profitable to mine bitcoins OR altcoins even with existing non asic hardware that everyone already has like android tablets and laptops...to tell people that its not worth it still to mine is a dirty lie told by those who want to mine it all for themselves! lol Ok its not that simple but its very close! so many articles out there telling you not to mine at all! when anyone can just install minergate and mine easily! and why not? some people have MASSIVLy fast computers for gaming just sitting around barely being used! u can totally mine bytecoins monero ethereum ethereum classic but bytecoins are where its at! and its not about that dollar amount of how much you canmake how fast, when anyone asks that its a re flag that they are inthis for the wrong reasons...you should just be happy to be mining a qquality crypto currency with a real future while its still under 1 penny! and bytecoin lets you do that! you could also mine monero and get 1 monero in a month on a fast computer or you can get thousands of bytecoins! eventually bytecoin will be $1 and more!
I use this as an example to show how Steem, also an altcoin, has a HUGE futere, we are going to be THE user friendly crypto currency for the masses! people were even saying steem might out do bitcoin in some respects! aparently we are still driving alot of bitcoin users maybe nt as much as coinbase but just imagine when we have 1 million users! we dont even have 200,000 yet! (we are at 171,000) god imagine...and its only been march 2016 since steemit started! its BARELy been over a year people!
we are ALl early adopters! just try and earn or invest as MUCh steem power as you can! i am never powering down! i will pass down my steempower to my children whenI die