All about Steemit- Part 2/2

in #steemit8 years ago (edited)

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How can I withdraw my STEEM or SBD coins?
STEEM and SBD tokens are readily tradable to bitcoin, which can be traded for the local currency of your choice. There is a link to "Sell" your STEEM and SBD tokens in your wallet, which uses the BlockTrades interface.

There are several guides that have been posted by users in the community for using various external exchanges to withdraw STEEM and SBD tokens. Please read the disclaimer before using any of these guides to withdraw your coins. The users, guides, and exchanges listed in the guides are not endorsed by Steemit, Inc. Use the guides below at your own risk.

It is recommended that you withdraw a small amount first, to verify it works before withdrawing a larger amount.

Sell Steem Dollars via Poloniex
https://steemit.com/steemit/@ash/steemit-how-to-sell-steem-dollars-via-poloniex-newbie-friendly

Withdraw Steem Dollars to a Bitcoin address
https://steemit.com/steem-help/@piedpiper/how-to-withdraw-your-steem-dollars-in-less-that-a-minute

Convert Steem Dollars to a country’s currency and withdraw to a bank account
https://steemit.com/tutorial/@beanz/how-to-get-my-usdteemit-money-into-my-bank-account

Convert STEEM to many other cryptocurrencies via ShapeShift
https://steemit.com/steemit/@shapeshiftio/official-announcement-shapeshift-has-added-steem-to-the-exchange

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Will I get a 1099 from Steemit?
No, you are not being paid by Steemit. The Steem network rewards you. It is your responsibility to determine what, if any, taxes apply to the transactions you make. Further, it is your responsibility to report and remit the correct tax to the appropriate tax authority. By creating an account, you agree that Steemit, Inc. is not responsible for determining whether taxes apply to your Steem transactions, or for collecting, reporting, withholding, or remitting any taxes arising from any Steem transactions.

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How much are the transaction fees for sending tokens to other users?
There are never any fees for transfers within the Steem network. However, if you transfer Steem to an exchange and convert it to another currency, you may incur a small fee from the exchange.

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Are there fees for Powering Up, Powering Down, trading on the internal market, or converting SBD to STEEM?
No. None of these actions incur any fees.

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How long does it take to transfer STEEM or SBD tokens between users?
A transfer of tokens between accounts typically takes 3 seconds. This is far faster than most blockchain tokens.

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Voting and Curating
What is my voting power?
Voting power is like an "energy bar" in a computer game that goes down a little bit every time you vote. You start out with 100% voting power. Every time you vote, you will use a small amount of your voting power.

As you use more of your voting power, your votes will carry less influence. A vote with 50% voting power left will be worth 1/2 as much as a vote cast with 100% voting power. Not to worry, the network recharges your voting power by 20% every day.

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How many times can I vote without depleting my voting power?
Every 100% vote you cast will use 2% of your remaining voting power. Your voting power will recharge by 20% each day. You can vote more than 10 times per day, but each vote will be worth less, and it will take longer to reach full voting power again.

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Can I vote with less than 100% of my voting strength?
New users can only upvote and downvote with 100% voting strength.

Once you reach about 500 Steem Power, you will see a vote slider appear when you vote. You can use the slider to adjust the weight of your vote, between 1% and 100% voting strength. Voting with less than 100% voting weight will use up less voting power, but it will also have less of an influence on the post or comment's rewards.

Upvotes and downvotes use the same amount of voting power.

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Where can I check my voting power?
You can view your current voting power using third party tools such as https://steemd.com/@youraccount.

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What determines how much of the curation reward goes to the author versus curators?
The rewards are allocated so that 75% of the payout goes to the author of the post/comment, and 25% goes to the curator.

Of the 25% that goes to the curator, that portion will be split between the author and the curator if the curator votes within the first 30 minutes. The split of the 25% between the author and curator during the first 30 minutes is calculated linearly based on the time the vote is cast.

If a post is upvoted the moment of posting, 100% of the curation reward goes to the author.
At 3 minutes, 90% goes to the author and 10% to the curator.
At 15 minutes it's a 50/50 split.
At 27 minutes, 10% goes to the author and 90% to the curator.
If a post is upvoted 30 min after posting, 100% of the curation reward goes to the curator.
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Can I get curation rewards for upvoting comments?
Yes. You can earn curation rewards from upvoting both posts and comments!

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Do I get curation rewards for downvoting posts or comments?
No. Since downvoting reduces the rewards on a post/comment, it does not earn curation rewards.

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What are curation trails?
Some users decide to use third party applications such as Streemian to automatically cast votes. Users can automatically vote for the same posts and comments that other users does. Typically they will set this up to follow the votes of users who are good at curating. When a user has other users automatically voting for the same content that they do, the people that automatically vote after them are called their "curation trail".

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Why don't my upvotes have an effect on a post's rewards?
A user with more SP is going to have a larger influence on the rewards than users with less SP. One vote from a user with a lot of SP can often have more of an effect than 100 votes from users with a small amount of SP.

Even though your vote may not have an immediate effect, when it gets added in along with all the other votes at the end of the payout period, it can still affect the payout. It may also cause more users to vote on the post too, because they saw that you upvoted it - so your votes can have an indirect effect on the payout this way.

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Is there a way to make my votes count for more?
Yes. The more Steem Power you have, the more influence your votes will have.

The platform does not require that anybody purchase SP in order to participate, and there are many users who have earned a lot of Steem Power without spending any of their own money. You have the option of purchasing more Steem Power through your Steemit wallet.

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What are the valid reasons for downvoting?
Users are allowed to downvote for any reason that they want. There are many users in the community who recommend only using the downvote on posts that are abusive. It is up to you if you want to follow this etiquette.

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Does a downvote mean that I did something wrong?
Just because you received a downvote does not mean that you did something wrong. The downvoting person may have just been voting to reallocate the rewards in a way that they felt was more beneficial to the other active posts in the platform. Often users will leave a comment explaining why they downvoted, but sometimes they might not. If they left a reason, it is up to you to determine if you did anything wrong, and if there is anything you want to change.

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Will a downvote hurt my reputation?
Not necessarily. See: What causes my reputation score to go down?

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What is the difference between a downvote and a flag?
With the current implementation, there is no difference between a downvote and a flag. They are treated the same at the blockchain level.

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Plagiarism, Spam, and Abuse
What is considered spam or abuse?
Asking for money, views, upvotes, follows, or resteems.
Leaving nearly identical or materially similar comments on multiple posts.
Comments that are unrelated to the topic of discussion.
Sending unsolicited links or requests to users via wallet memos.
Posts that require upvotes to enter or play in a contest or game.
Sending users a link to your blog or a post if it is not relevant to the conversation.
Posts or comments that include little or nothing more than an offer to trade follows or upvotes.
Using tags that are unrelated to the post.
Threatening users with any type of physical violence.
Not citing sources when using someone else’s material.
Posting ‘not safe for work’ content without using the “nsfw” tag.
Selling or offering to buy votes/resteems/follows, or schemes that facilitate this.
Scams or Fraudulent offers.
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What are Steemit’s policies on plagiarism?
If you are posting plagiarized or copied content, you can get in legal trouble for violating copyright laws. Plagiarized posts and spam are seen as abuse and will be downvoted by community members. If you are posting or using someone else’s content, you must ensure that you have the rights to use the content, and properly reference the sources where you got the material from.

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Is it okay to use random pictures from the internet?
If you are using an image that is not your own, make sure you are allowed to use the image, and cite the source of the image.

Using random pictures from the internet without giving credit is discouraged. You may, however, use photos from “free image” websites such as Pexels.com or Pixabay.com. All photos on Pexels and Pixabay are free for personal and commercial use.

Here is a post from @mindover that has links to many websites that have images you can use: https://steemit.com/steem-help/@mindover/don-t-plagiarize-images-here-are-13-free-and-legal-ways-to-find-high-quality-photos-you-can-use-on-steemit

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What is Steemcleaners?
Steemcleaners are a group of Steemians concerned with plagiarism, copy/paste, spam, scams and other forms of abuse on Steemit. https://steemit.com/steemcleaners/@steemcleaners/announcing-steemcleaners-the-steemit-abuse-fighting-team

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What is @cheetah?
@cheetah is a bot developed by @anyx that scours Steemit for copy/pasted content. Cheetah will not downvote copied content, but it alerts other users to look into it further.

Abusive accounts (serial plagiarists or identity thieves, for example) will go on Cheetah’s blacklist. These users will get downvoted by @cheetah accounts when they post.

More information on the @cheetah bot can be found in this post: https://steemit.com/steemit/@cheetah/faq-about-cheetah

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Where do I report a post or comment that contains plagiarism, spam, or abuse?
You can report any abusive content to the #steemitabuse channel on steem.chat.

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Reputation
What is Reputation?
Every user has a reputation score next to their name. The reputation score is one way Steemit measures the amount of value you have brought to the community. It is also a mechanism that is designed to help reduce abuse of the Steemit platform.

Your reputation goes up when accounts vote on your content. Getting downvoted by someone with a higher reputation can push your reputation down and make your posts less visible.

Users with a lower reputation score are unable to affect your reputation.

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How is the Reputation score measured?
Every new user starts off with a reputation score of 25.

The reputation score is based off of a log10 system, which means that a score of 40 is about 10x better than a score of 30.

More information about the calculation of the reputation score can be found in this post from @digitalnotvir: https://steemit.com/steemit/@digitalnotvir/how-reputation-scores-are-calculated-the-details-explained-with-simple-math

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How do I improve my reputation score?
Every time another user upvotes one of your posts or comments, it increases your reputation score. Users with a higher reputation than you will have more of a positive effect. The more Steem Power that the voter has, the larger the effect is as well. The best way to earn upvotes is by adding value to the Steemit community.

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What causes my reputation score to go down?
The only way for your reputation score to go down is to be downvoted by another user. Not all downvotes will cause a reputation loss though.

Downvotes from users with a lower reputation score than you will not hurt your score.
If your post or comment that was downvoted still received more upvotes than downvotes (weighted by SP), then the net effect on your reputation score will still be positive.
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Why does my reputation score matter?
A reputation score is one way Steemit measures the amount of value you have brought to the community. In real estate, they say there are three variables of the utmost importance: location, location, location. On Steemit, those things are: reputation, reputation, reputation. It’s not to say other variables aren’t important, but reputation will be an enormous factor in your level of success.

Many Steemians glance at users’ reputation scores when deciding which articles to read because they know higher reputation scores means it is much more likely quality content. Furthermore, the higher your rep, the more effect your vote will have on the reputation of others.

It is worth noting that if your reputation score goes below 0, Steemit will hide your posts and comments making it very difficult to gain monetary rewards and followers. This incentivizes online etiquette and respect for your fellow Steemians.

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Followers, Feeds, and Resteem
What is Resteeming?
This is like reblogging or sharing posts on other platforms. Once you resteem a post it will appear in your feed and in your followers' feeds as if you had posted it yourself. Use it conservatively and with caution. It is great to want to share content you like and appreciate with people you follow, but you don't want to overwhelm your followers either.

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Can I share on other social media?
Yes you can use the share button to share on Facebook, Twitter or LinkedIn. You are welcome to post your Steemit links on other websites and social media sites.

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Blockchain
What is a blockchain?
A blockchain is a public ledger of all transactions ever executed. All of the transactions and data are stored in a distributed database. Each time the database is updated, all of updates are done together in a batch called a 'block'. Each time a new block is produced/added, it is appended on to all of the previous blocks - hence the name "blockchain".

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What is the Steem blockchain?
The Steem blockchain is the publicly accessible distributed database, which records all posts and votes, and distributes the rewards across the network. It is where all of the text content and voting data is stored, and it is where all of the reward calculations and payouts are performed.

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How does bandwidth work on the Steem blockchain?
Since transacting on the Steem blockchain has zero fees, bandwidth rate-limiting is employed to safeguard the blockchain from spam attacks. Everything action that you take on the blockchain will consume a small amount of bandwidth. This includes posting, commenting, voting, transferring tokens, etc. Viewing content does not consume bandwidth.

Every user has a limited amount of bandwidth to use each week. The more transactions a user does, the less bandwidth they will have left (until it recharges). Users with more Steem Power will have a higher bandwidth allowance.

Normally everyone's bandwidth allowance is quite high, and users are able to use the network freely without any interruptions. Sometimes when the blockchain becomes busy however (due to heavy use), everyone's individual allowances may go down until the network becomes less busy.

You can check how much bandwidth you currently have based on the current limit at: https://steemd.com/@youraccount

If users are below their bandwidth limit, they will be unable to transact with the blockchain until their bandwidth recharges or their limit is raised.

If you get an error that you have exceeded your bandwidth allowance, it is normally best to just wait and try again later (when it is less busy). Usually if you wait and try again later, the transaction will likley go through.

If you are unable to transact for extended periods of time, or you are frequently running into bandwidth limits, then you will either need to reduce your usage to stay within your limit, or purchase more Steem Power for your account through a third-party exchange such as BlockTrades.

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What is the difference between Steem and Steemit?
Steem is the name of the blockchain that stores all of the data and transactions, and processes all of the events that take place. STEEM is also a name for the system’s value token (currency).

Steemit is a front end web interface to interact with the blockchain, and view the blockchain data. Steemit, Inc. is also the name of the company that owns and operates the website steemit.com.

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How is Steem different from Bitcoin?
On a technical level, the two networks rely on the same model of a blockchain, but are built upon different technologies and codebase. Steem is based on a new state-of-the-art blockchain technology called Graphene, which uses "witnesses" instead of "miners" to produce blocks.

The "delegated proof of stake" model of using witnesses instead of miners allows for greater efficiency in block production. With BTC, 100% of the new coins that are created are allocated to block producers (miners). With the Steem blockchain, only 10% of the new coins are paid to block producers (witnesses). The other 90% of new STEEM coins are awarded to content producers, curators, and Steem Power holders.

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What is the difference between Proof of Work, Proof of Stake, and Delegated Proof of Stake?
Proof of work - Miners solve a complex mathematical problem. The miner that solves the problem first adds the block to the blockchain. The network rewards the miner for doing so.

Proof of stake - Requires ownership, or stake, in the cryptocurrency. The more tokens you own, the more block creation power you have. Benefits: eliminates the need for expensive mining rigs, runs on a tiny fraction of the power, and it requires block producers to have a stake in the network.

Delegated proof of stake - Block-creating accounts, called witnesses, are collectively approved by Steem stakeholders. Instead of relying on proof of work to find blocks, the Steem network actively schedules these accounts to improve the time between blocks to 3 seconds.

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How often does the Steem blockchain produce a new block?
The Steem blockchain schedules witnesses to produce a new block every 3 seconds. 21 witness nodes produce 21 blocks in each 63-second round.

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Is there a way to see the raw data that is stored in the blockchain?
Yes. The blockchain data can be viewed in different ways with third-party tools such as steemd.com and steemdb.com.

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Where can I find the information for the official launch of the blockchain?
The original launch of Steem was on March 23, 2016, announced on Bitcointalk.org. There was a bug found in the original code though, and a majority of the stakeholders agreed that it would be easier to fix via a re-launch than a hardfork. The blockchain was reset and officially re-launched on March 24, 2016, via Bitcointalk.org.

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Can I mine STEEM?
No. Proof of work mining has been removed from Steem.

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Steemit, Inc.
Who is the CEO of Steemit?
Ned Scott, @ned https://www.linkedin.com/in/nedscott

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Can I invest in Steemit?
Steemit, Inc. is a privately held company and is not available for public investment.

Though not considered an investment, you can purchase STEEM tokens which can go up or down in value. You can power up these tokens into Steem Power, which grants more influence in the Steem platform.

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What does Steemit’s development roadmap look like?
You can view the 2017 Roadmap here: https://steemit.com/steemit/@steemitblog/steemit-2017-roadmap

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Am I allowed to use the Steem and Steemit logos?
The Steemit brand and logo are protected by intellectual property laws, including copyright and other proprietary rights of the United States and other countries. The purpose is to allow Steemit to protect the brand and logo in ways that extend user safety. One may not make unauthorized commercial use of, reproduce, prepare derivative works, distribute copies, perform, or publicly display the Steemit logo or brand, except as permitted by the doctrine of fair use, or as authorized in writing by us.

Section 107 of the Copyright Act provides the statutory framework for determining whether something is a fair use and identifies certain types of uses—such as criticism, comment, news reporting, teaching, scholarship, and research—as examples of activities that may qualify as fair use. Steemit considers artistic variations of the Steemit logo that are used for non-commercial purposes, and are not used to harm Steemit users (i.e. through attraction to phishing sites), an instance of fair use.

The blue Steem logo with the three S-shaped squiggles is licensed under Creative Commons CC0, meaning you’re free to copy, modify, or distribute (even for commercial purposes) without needing to ask permission or give attribution.

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Can I purchase official Steemit merchandise?
Yes. Official Steemit merchandise can be purchased from The Steemit Shop.

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Did Steemit "pre-mine" tokens?
The STEEM tokens mined by Steemit, Inc. were not "pre-mined". All mining took place after the coin was officially and publicly announced on Bitcointalk.org.

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What is the Steemit Privacy Policy?
https://steemit.com/privacy.html

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Security
How can I keep my Steem account secure?
Save your master password and keep it somewhere safe.

Only log into your account using the key with the appropriate permissions for what you are doing:

Posting key for every day logins
Active key when necessary for transfers, power ups, etc.
Master password or owner key when changing the password
Again, save your master password and keep it safe! If logging in with your post key, make sure you don't overwrite or misplace your original master password.

It is not recommended to share your password or keys with any third party site. Steemit Inc. is developing a login application that can be used on third party Steem front ends.

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Why should I be careful with my master password?
The master password is used to derive all keys for your account, including the owner key. If someone has access to your master password, they can steal your account and all of the tokens in it.

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Why is the master password a long string of gibberish?
The password has to be long and random for maximum account security.

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What are my different keys for?
Posting key - The posting key allows accounts to post, comment, edit, vote, resteem, and follow or mute other accounts. Most users should be logging into Steemit every day with the posting key. You are more likely to have your password or key compromised the more you use it so a limited posting key exists to restrict the damage that a compromised account key would cause.

Active key - The active key is meant for more sensitive tasks such as transferring funds, power up/down transactions, converting Steem Dollars, voting for witnesses, updating profile details and avatar, and placing a market order.

Memo key - Currently the memo key is not used.

Owner key - The owner key is only meant for use when necessary. It is the most powerful key because it can change any key of an account, including the owner key. Ideally it is meant to be stored offline, and only used to recover a compromised account.

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What do I do if I lost my password/keys?
There is no way to recover your account if you lose your password or owner key! Because your account has real value, it is very important that you save your master password somewhere safe where you will not lose it.

It is strongly recommended that you store an offline copy of your password somewhere safe in case of a hard drive failure or other calamity. Consider digital offline storage, such as an external disk or flash drive, as well as printed paper. Use a safe deposit box for best redundancy.

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Are my STEEM and Steem Dollar tokens insured in the event of a hack or if someone takes over my account?
No, liquid tokens can not be taken back if stolen or sent to the wrong account. If your tokens are in Steem Power, it is impossible for a hacker to take out more than 1/13 per week. If your tokens are in savings, there is a three-day wait period for them to become transferable.

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What should I do if I discover that someone hacked my account?
If you made your account through Steemit and it is compromised, immediately visit the Stolen Account Recovery page. This link is also available in the main site menu. You will need to provide the email address that you used when you signed up, your account name, and a master password that was used in the last 30 days.

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How does the stolen account recovery process work?
If your password has been changed without your consent, then the account designated as your recovery account can generate a new owner key for the account. The account recovery must be completed within 30 days of the password being changed, and you must supply a recent owner key that was valid within the last 30 days.

Steemit Inc. owns the default recovery account (@steem) for all users who sign up using steemit.com. Steemit can only identify users by their original email, Facebook, or Reddit logins that were used to signup via steemit.com.

If you don't have the master password or owner key that was valid the past 30 days, or are unable to prove that you are the original owner of the account, then your account will be unrecoverable.

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How do I report a security vulnerability?
If you find a security issue please report the details to [email protected].

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Developers
Are the Steem blockchain and steemit.com code open-source?
Yes. Both the Steem blockchain and steemit.com are open-source projects.

Developers should however avoid the use of the term "Steemit" in their own products, and instead refer to the Steem Blockchain or Steem Platform. Steemit refers to steemit.com, which is owned by Steemit, Inc.

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Is there a Github page for steemit.com?
https://github.com/steemit/condenser

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Is there a Github page for the Steem blockchain?
https://github.com/steemit/steem

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What is available for developers interested in Steem and Steemit?
Many software engineers are currently leveraging the open-source code to build their applications on Steem. There are more than sixty so far.

This post from the user @fabien has more information about the Steem API: https://steemit.com/steemjs/@fabien/steem-api-now-released

The Steem Developer Portal also contains documents and resources for developing tools and applications for the Steem blockchain.

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How do I use cli_wallet?
Here is a guide from the user @pfunk explaining how to use the cli_wallet: https://steemit.com/steemhelp/@pfunk/a-learner-s-guide-to-using-steem-s-cliwallet-part-1

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Witnesses
What are Steem witnesses?
The Steem blockchain requires a set of people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. The community elects 'witnesses' to act as the network's block producers and governance body. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Steem Power for each block they create.

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How can I vote for witnesses?
Visit https://steemit.com/~witnesses.

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How many witnesses can I vote for?
Each account can vote for up to 30 witnesses.

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Miscellaneous
What third-party tools are there for Steemit?
http://steemtools.com/

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Is there an official Steemit Facebook page?
https://www.facebook.com/steemit/

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Is there an official Steemit Twitter account?
https://twitter.com/steemit

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What is the Steem Whitepaper and what is its purpose?
The Steem Whitepaper was written to describe the mechanics of the token system that makes decentralized content incentives and distribution possible in a way that can improve web technologies across the board. It is also applicable to Steemit, the first website to plug into the Steem blockchain. Users who have read the Steem Whitepaper will better understand how their interactions with Steemit are interactions with Steem, the decentralized network.

https://steem.io/SteemWhitePaper.pdf

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Where can I ask for help if my question was not answered here?
If you post your question in the #help channel on steem.chat, the users there may be able to help.

You can also create a post on steemit.com with the tag #help, and someone in the community may be able to answer it.

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Disclaimer
Third Party References and User Links
AnonSteem, Binance, bitcoinfees, Bitcointalk, BitShares, Bittrex, blockchain.info, BlockTrades, Busy.org, Changelly, @cheetah, Coinbase, DTube, GOPAX, HitBTC, Localbitcoins, Markdown Cheatsheet, Pexels, Pixabay, Poloniex, Postimage, Shapeshift.io, Steemcleaners, SteemConnect, SteemCreate, steemd, SteemDB, steem.chat, SteemStats, SteemTools, Streemian, The Steemit Shop, UpBit, and Utopian.io are third party applications/services, and are not owned or maintained by Steemit, Inc. Their listing here, as well as any other third party applications or websites that are listed, does not constitute and endorsement or recommendation on behalf of Steemit, Inc.

All links to user posts were created by our users and do not necessarily represent the views of Steemit, Inc. or its management. Their listing here does not constitute and endorsement or recommendation on behalf of Steemit, Inc.

Please use the third party tools and content at your own risk.