Hello Brian, great video. I am still exploring Steemit and I am a little unfamiliar with the terms. Could you please explain this comment a little better? Thanks...
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Hello Brian, great video. I am still exploring Steemit and I am a little unfamiliar with the terms. Could you please explain this comment a little better? Thanks...
Hi @startdominating... I apologize. I seemed to have missed your comment earlier. I'll take a stab at it. Steem is the name of trade-able token and the decentralized blockchain it is built on (like Bitcoin). Steem the token can be changed into Bitcoin and then Bitcoin into $U.S. By joining Steemit, the social networking platform built on the Steem platform you can earn up-votes awarded by people reading your original post. These up-votes are paid to you in Steem Dollars and/or Steem Power. Steem Dollars can be changed into Steem tokens which you can turn into Bitcoin and then use the Bitcoin to buy other crypto currencies or turn it into cash. Steem Power is like a nest egg you may want to keep (with benefits like A class Shares in a company). The more Steem Power you hold, the greater your up-vote value and the greater your profile on Steemit.
In a nut shell Steemit gives you an opportunity to earn value and then invest that value in a cryptocurrency token called Steem (which will have a capital gain upside) or cash out that value to earn income... all without one penny of money from your own pocket. Just start blogging or vlogging original content thatmeans something to you. I hope this helps.