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RE: Why Steem is successful DAO...

in #steem8 years ago

Well, agreed! Recently, I have started to understand things better and I see your prediction fro steem as realistic. I have some side questions that will help me clarify things a bit better. When they say mining with your mind on steem what does it mean. Is more steem mined or produced by our posts? I really don't understand several things yet. A number of steem is produced each day, by the miners? Those that dedicate their hardware to miners? Are we miners too, we who just write up posts? And how? When the number of miners improve in the future, what exactly happen, is earning reduced as the steem produced daily is now shared to many more people or is more steem produced to cater to the new number? And how does that work, do more people invest hardware into mining as there is a new number of people who are blogging. Who are the miners on steemit. Is there a place to find them and understand their activity? I what exactly happens when many more users adopt, does the price of steem increase or decrease? Why is there concern on the price of steem? What difference is there, if it goes up or down? Is it that if it goes high people can like power down and like convert their steem to dollars and what happens if people go that path, will the price of steem go down again? Is it a good thing for steemit owners like @ned etc that the price of steem goes up or is it a good thing for steemians or is it what could attract new users to steemit? What exactly doesn't mean where it says steem power dictates you influence on your rewards? How do I get to understand the difference between when I had 50 steem power and 500? I don't know how to or if I can tell the difference in my case when it comes to rewards. Is there place online or like a steem tool that helps us understand these things? I feel understanding these tiny details, will help encourage us as we can understand our progress better. When it says steem produced is shared to everyone based on their steem power, does it mean, if you have 10k steem power for instance, you can earn without posting or curating? I have several other questions but clearing out this basic questions by means of answers, will already help us noobs to get an understanding of the more tech things. I have clearer understanding of steemit since I got on here and knowing the small things helped me decipher the bigger things on my own. Answers to these questions will also put more light on the goodies busy.org would bring!

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Thank you for your comment! Wow, that's a lot of good questions :)! I would point you to the https://www.steemithelp.net/ where you find answers to most of these questions. Let me know if something is unclear, I will try to answer as best as I can if you cannot find answer... I am sure you will have good time reading through steemithelp posts.