You are viewing a single comment's thread from:

RE: On Space, Time and the Fabric of Nature

in #science8 years ago

Yes, ok, but how and when does it really get stored unalterable in the blockchain?

I NEED this info to be REALLY REALLY SAFE!

I will change the site with a backlink here.

I'm sure I'll find a way to authenticate myself. I have had a pgp key for YEARS. :)

Sort:  

Awesome, so that confirms that the blog is run by you, not some pretender. Great. Now to answer your questions. The text of your post will unalterably become part of the block chain after its final payout (which is 30 days). And there it will remain so long as the steem blockchain exists.

On your site you indicated that when signing up here you are given some Steem power (which is a currency like bitcoin). That is true. You also said that you can use that to pay for upvoting other peoples content, that is not true. The way this platform works is a certain amount of the currency is generated and available for distribution to content creators every day. The upvotes people give out decide who gets what portion of that generated funds (aka you allocate money with upvotes). The amount your account can allocate is proportional to the amount of Steem Power it holds.

So you don't spend anything to post here. You get paid to post here, and the value of the system is derived from the content people create and investment interest in the platform.

For instance your post was voted on by one of the large holders here and has been allocated about $50, which after 24 hours or so will be distributed to you in the form of three currencies. Steem (the token for this blockchain) Steem Power (vested Steem, aka your invested shares in the future of the platform) and Steem Dollars, a currency pegged to the value of 1 US Dollar.