Steem is a unique model in the digital currency landscape. The steem coin powers Steemit, a blockchain-related social media platform through which users generate and curate content. There is an elaborate voting system which rewards authors and curators, and steem tokens can be converted into dollar-linked steem dollars and steem power.
The steem blockchain has never been explained any better. Permit me to just copy this and paste for the newbies I am inviting over to steemit please.
Steem Power is where it's at baby! You shouldn't feel fringe or that we are taking a risk by powering up those sweet steems. Of course, this is just my opinion and not an investment advice.
Having been involved in Ponzi and have lost all I had, the confidence i have in steem is second to none and powering up is something I ain't scared of doing . I trust the steem blockchain to the moon and back.