This is exactly the Steemit experience people need to see, @lukestokes. I myself am invested, though when I joined almost a year ago, I hadn't seen the potential so left it alone until last month. I landed on one of your blockchain journal posts and peaked my interest. Since then I have been learning more everyday about steem and the potential.
I also learned about witnesses from your page and you were the first vote I put in. Always learning something from your blog.
Currently, even just holding Steem Power gives you 6.7% more Steem over the course of a year.
Something else I didn't realize. Thanks for inspiring.
Thank you!
Unfortunately, what I said there was incorrect. I've edited it to read:
Like most blockchains, Steem is creating new currency all the time. Unlike proof of work systems, delegated proof of stake gives a big portion of the newly created Steem to authors and curators. The 6.7% number isn't a direct interest rate, but the percentage of the total inflation amount created by new currency (currently around 9%). I hope that makes sense. Takes a bit to wrap the head around it all. :)
I'm really encouraged to hear you're learning from my blog. Thank you!
If only my fiat wallet paid that much in interest! I would appreciate 0.01% versus 0% - which ironically is about what a savings account pays lol. Just seen that you live in Nashville, I'm 20 minutes up the road in the city sharing a name with the nations capitol. Congrats on paying off your house! That's also encouraging to hear.
Very cool! We should get a Steemit meetup going eventually.
That's a good idea. We may open the area up to awareness at the same time.