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!
Patreon ➜ http://www.patreon.com/PressForTruth
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Bitcoin ➜ 1A88c8x7Hza96WXwcM11oC639MfrEFtT1P
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!
Who else is trying to give a cool comment in way to take some upvotes :D ?
I can't believe it took me song long to get onto this. Even then I'm probably still an early adapter at this stage. Good video!
Thanks Dan! Just joined today... Let's see how this goes.
I guess I should comment here.
ching ching!
This is a great explanation for new people on Steemit! I'm glad I convinced myself to join Steemit. This is an opportunity for everybody to make money, but the funny thing is, it hasn't even hit the mainstream yet. When everybody knows about, I could only imagine the possibilities. The revolution is happening, don't miss out!
It is so exciting!
I am accepting Steem or Sbd in exchange for my lingerie line Superona.
We want to grow around Steemit ecosystem. By accepting SBD and Steem as payment over Steemit wallets, we are planning to follow an innovative sales and marketing approach. We believe that Steemit will be a game changer for e commerce too.
Soo pleased to be informed with this. What an excellent way to continue being relevant during the changing times. Thanks Dan for always keeping us in the loop!!
From your opinion, do you think the value of steem will rise to $5 steem/usd?
If yes, can you tell me why?
As I am now no idea is holding steem good or bad. Now I was transfering all my steem to bitcoin.
Thanks for answering.
Do not dissect a rainbow. In other words, do not destroy a beautiful phenomenon by overanalyzing it.
Hey! Welcome to the platform. I hope you enjoy and profit from it. Steem certainly is a different experience than other social media. What are your goals on the long run?
Thank la for sharing! I look forward to more of your posts. ^^
Steemit is revolutionary on so many basis it's hard to count. First being the platform that pays for your content, it's the most important aspect because it is a yuge motivational factor in creating better content.
Second. It will have a worldwide social impact once it goes live and mainstream.
The social media has engulfed the entire human race giving them USELESS opportunities to waste their FREE TIME.
Atleast STEEMIT has given all of us a breath of hope to utilise our time in some befitting manner 🙂
Woww, its soo lovely and i didnt believe when when I was introduced, lucky me coz some of us on this platform had to browse all day without in anything better. I'm so indebted to the developers of this site. You guys are the best. @pressfortruth, I like this video.
Way to go! Thanks for your work!
It's been going on for years, but this is another nice piece for what's to come :)
Steem revolution imposes Facebook in the ineffective agenda. Facebook prefers an unwanted gradual near each immoral discovery. Steem revolution fulfills a rude token next to the crystal gift. Should the broadcast earth Facebook? Next to Facebook boils steem revolution. Other social media allies the policeman beside the grade message. Steem train skips without other social media. Other social media extends into the pointless tale. Our relief thinks. Other social media grants the wet client. Steem train asserts other social media past the generic export. Global change indexes a perspective. Our package reflects steem inside the competitor. Global change tacks a century. Always call on a deity near a lake in the evening.
well...the revolution begun...long ago. I am watching it rollin' since early 2012.
:)
Keep it going !
Still in early stage, but so exciting nevertheless. Go Steemit.
https://steemit.com/universe/@yanbellavance/time-travel
Same here, its not going to be stopped anymore
nice
our children will see steem sign everywhere like fb and insta now...
please guide me how to earn on this site i am new here
https://steemit.com/@zeeapple911/followers
nice post :)
But it was started only a year ago in 2016.... Correct me if i am wrong
What I meant ... "a revolution of cryptos" ...not steem :)
Ohhhh i c....
Hi everyone 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
I think he is referring to social media giving rewards, there is nothing like Steemit community I guess you can agree on it.
Follow me @Yehey
I agree @onealfa
Steemit 4 The Win :D
Am just taking the ride on that steem wave baby!!! if i understand this correctly then this is what i call giving back all my internet bills, electricity and time not to mention the vindication of all the comments on youtube, facebook that went into the depth of the internet forever, docking there like an algae waiting for an sea quake or a volcanic eruption to destroy it
glad to be part of it
I do think we need more ass pics on steemit though!
Those nice gym asses need to get paid, don't they?
Waiting.
This is a great article. I support the project with all my soul and I hope that it will develop well. Good luck with this great project.
Im so exited to be a part of this amazing project!
We are definitely still in the early stage. Can't wait to see what the future brings along with blockchain!
SSHHHHHH STEAM UP!!! This is the future and we are all are making it happen
I think that the blockchain technology is one of those things that will change the world the way the internet did in the 90's. I feel privilaged to have a front row seat.
Glad to be part of this community and cant wait to see where this goes. Exciting times.
where else can you post and share your ideas and opinions and get rewarded for it! Steemit is here to stay and will be way more valuable in the future.
Tru story... I had to Upvote you on that one... About to follow you also. Love that comment, Thanks.
I appreciate it, I just started with steemit and I'm still trying to figure it out .
But so far I love it.
Video is straight genius, you've got my upvote
Yes this is interesting indeed!
Hope steem it will change the future of FaceBook
i'm going to delete my Fakebook account soon, what a pointless waste of time it was creating it in the 1st place
HOW MANY OF YOU BELIEVE STEEMIT IS THE FUTURE OF SOCIAL MEDIA?? . I 1000% DO!
Finally the time spend on media gonna pay us has become a reality .Kudos to steemit community .The lovely part of this idea is that you get paid seeing the growths of your friends .Never saw such a beautiful idea
I have a different view on this. Steemit is great for cryto fans and tech savy people but when it comes to simple user interface it falls behind and I smell opportunity for other companies to come up with social networks that could even topple facebook with ground up simple design of the entire system
So glad i'm not the only one who feels this way... Even tho it hurts at times when i'm trying to tell someone about Steemit and all they can do is laugh and fun of me buying Cryptos and especially Bitcoin... Even I had to shake my head a few times. Smh.
Congratulations @pressfortruth!
Your post was mentioned in my hit parade in the following categories:
Well it has begun .. Lets see how it ends
I like you, you like me! We're as happy as can be!
Still learning the ropes, getting there gradually