Blow Some STEEM #1: Steemit Vocabulary Glossary

in #steemit7 years ago

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I have been making posts for the past week about starting up on Steemit. Many new users have reached out to me in the comment section mentioning they do not understand some of the terms used.

Today I have created a quick glossary of all the Steemit term you need to know! I have chosen the top 20 most useful words in Steemit, so you can understand what everyone is saying.

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The 20 words

[1] - STEEM


STEEM is the cryptocurrency created by Dan and Ned; users utilize the currency on this platform Steemit. STEEM is very versatile, it can be sent to an exchange anytime and turned into Bitcoin and then cashed out. STEEM can also be transferred into SP immediately to power up your account, or it can be traded to steem dollars.

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[2] - SP


SP stands for Steem Power; this is the heart of your account. Without a heart, the body is useless, similar with Steem power, without SP your account is useless.

Steem power gives power to your account to strengthen the up-vote rewards, so the higher the SP, the more your up-vote is worth. When you have steem power and want to power down and take it out, the waiting duration is 3.5 months, so it is not versatile.

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[3] - SBD


SBD stands for Steem dollars; this is the most useful coin to have. Whenever you have a post, you want to promote you utilize steem dollars to pay for the promotion. If you need a post up-voted by @MinnowBooster you use steem dollars by transferring it to them.

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[4] - Minnow


A minnow refers to a new user who has just joined and is relatively small in wallet value and low in reputation. The general population of Steemit consists of minnows, just like in the ocean, most of it is small fish.

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[5] - Dolphin


A dolphin is a user who has been working hard and has a mid-range level of recognition and steem power. They usually have a mid-size following of a few thousand. They have got into the habit of posting daily and have followers who are starting to tune in regularly.

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[6] - Whale


A whale is a user whose wallet is relatively loaded with money and has over 10,000 followers or in that range. They are few in number and rare to find, although when found they stick out from the others and cannot be missed, just like in the ocean.

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[7] - RP


RP stands for reputation, and it is the number beside your username at the top. The higher the reputation number is, the more trustworthy you are to the community. This figure rises by up-vote from other users.

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[8] - Resteem


A resteem is similar to a retweet; a user likes a post they saw you wrote and decided to resteem it. When a post is resteemed, the user's fans can see that post in their home feed.

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[9] - Up-vote


An up-vote is a "like" similar to Facebook or Youtube; the main difference is each up-vote make you money. Weaker accounts have an up-vote worth a cent and mighty whales can vote $30 and even more.

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[10] - Curation


Whenever a person up-votes a post, their up-vote money will be split with the author at least 50%. The other 50% of the money is divided with the author and up-voters. So if your up-vote is worth $1.00 and you up-voted on a post, the author receives at least 50% of that, so they get 0.50. The other 50% is split with all of the up-voters and author, so the author gets another 0.25, and the other 0.25 goes to the up-voters split.

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[11] - Tags


Tags are topics in your post that will organize it in the according to sections. So if your post is about making money through blogging, your tags will be "money, writing, and blogging." Refrain from using tags that have nothing to do with your post.

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[12] - Author Reward


An author reward is a reward you receive from your post, so when your blog makes $10, you will get that money as authors compensation because of your post you wrote.

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[13] - Collaboration


Collaboration is widespread in the social media world but uncommon on Steemit. Collaboration is when two different users get together and work on a video or post together and share it with their fans to get a larger outreach.

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[14] - Auto Up-vote


There is a tool you can use on steemit that allow you to up-vote a post made by a particular user as soon as they post it. The bot will go and up-vote the post right away; this is good for being the early bird for curation rewards.

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[15] - Witness


A rundown of what a witness is, they are users who are voted by the community to set up a server to run for 24 hours 7 days a week for 365 days a year. Their servers confirm blocks that have been mined, and they receive 1SP per block confirmed.

The users who are voted through the community of usually those users who have helped out the platform grow and other users. Nobody beats @Jerrybanfield at helping this platform grow, I have cast my vote for him and you should too if you feel he deserves it also.

To understand more about witnesses read this: https://steemit.com/steemit-guides/@pfunk/a-full-steemit-user-s-guide-to-steem-witnesses

VOTE:

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[16] - Hot Post


A hot post is a blog that has been posted recently and is gaining traction quickly, many people are up-voting and commenting on it. The blog will be shown in the "hot" tab.

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[17] - Trending Post


A trending post is mainly a post that has gone viral in the past few days; they are posts that have hundreds of up-votes and comments. The blog will be displayed in the trending tab.

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[18] - Payout


A payout is pretty much your paycheck; you will be paid. A payout can be from curation as well.

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[19] - Steemian


A Steemian is just a person who uses steemit, just like an individual who posts on YouTube is called a YouTuber.

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[20] - Troll


A troll is a person who posts negative comments or harasses other users for their pleasure.

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Understanding

Now all your new users can understand all the Steemit lingo being thrown around, hopefully, you will never be lost again in a post. Every time you see these terms, I will pop into your mind and you will remember this article! I hope you enjoyed this article don't forget to resteem to help others learn too!

Please upvote and follow me for more!

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Thank you for this nice post. I also vote for jerry

Thank you haha, hes so helpful here.

Hi @distress2success , if you are interested in promoting quality content, I offer to upvote your quality posts. I show you how and why here https://steemit.com/steemit/@alketcecaj/i-will-upvote-100-quality-posts-in-10-days . Please have a look and participate by indicating your best post in the comments of this post https://steemit.com/steemit/@alketcecaj/i-will-upvote-100-quality-posts-in-10-days

Thank you! I will check that out :D.

Find this article really​ useful. Upvoted and resteemed - from a minnow. :)

@jovema

Thank you! I hope it gives you a jump start on your adventure here on steemit! By the way, the baby is SOOO CUTE!

This will surely help me. And thank you @distress2success

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

Another great post! Thanks

I'm new here. This clears up a ton of lingo for me I didn't understand. Thanks!

Ahah, hopefully, this cleared things up for you!

thanks for the info about the 50%-50%.
upvoted and resteemed.

Useful glossary @distress2success Thanks for posting. It can be a bit of a minefield (no pun intended) at times. up-voted.

Thank you, ahah yea it does become a lot to retain!

Nailed it, much appreciated!!

Thank you so much!

Informative post.. Thanks a lot... for introducing with the important word of steemit world...

Thanks for the info very informative. Trying to learn as much as I can as quickly as I can.
@Lymmerik

Your welcome, haha it's quite a bit of information but you will quickly pick it up :D.

Super useful ! thanks!

You're Welcome!

Nice post @distress2success. Thanks for sharing this post. This is a sort of revision for me.

Thank you! Haha revision is always good :)

Thanks for the post, as a newbie/Minnow the need to identfiy all the elements to the system can be time-consuming and frustrating.

Your welcome, yea it becomes a lot to learn right away.

This was really good

Hi, nice blog, check the curation, the split is 75% for author and 25% for curators.. Gracias

Three months later and the information in your post is still valuable. Thank you very much. As a newbie, I'm also trying to find posts on following, upvoting and resteeming. It seems as though these are not simple actions.

Always great to get a clearer understanding, great post, thank you.

Thanks so much for this post! Steemit is a little daunting, but know getting to know the language a little better and the general etiquette makes starting out so much less stressful lol.

Thank you for sharing this information in this well written post to help all of us.

Thanks. I needed this. Would love to translate it in French if that's ok.

Wow. It was such a very nice and informative post. I am so thankful for making me understand more about steemit. I am a bit enlightened now. Again, thanks..👍👍👍