Hey guys, another video for you all. I joined Steemit earlier this year and have had some pretty good results on the platform, not to mention the fact that people here are amazing!
I wanted to do a video to show newcomers how important Steemit really is and how it can benefit new content creators and help them get rewarded for all the hard work that they do.
I love Steemit and highly recommend you make it part of your daily routine!
Cheers!
Robin.
There are a few differences between Steem and Steem backed dollars
STEEM is liquid currency that you use to POWER UP (Vests) and you can't Power Up with SBD.
STEEM also becomes diluted over time due to its 100% yearly inflation rate and it's basically like holding shares to a company so it is not designed to "HODL" but to use as a means of transferring value (or shares) as well as powering up. (When you use 10 STEEM to Power Up today you get X amount of Vests. Next year to get the same amount of Vests you got today for 10 STEEM will cost 20 STEEM.) There are a few articles that explain that this is done because there's no "company" to pay you "dividends" when the "share pool" is diluted.
Before SBD was available in the exchanges, you had to trade SBD for STEEM in order to play the market with a "Steemit" coin. Now you can do that with both.
SBD is also supposed to be worth about $1 USD so that it would be easier to make transactions on a day to day basis (kind of like a tether) without having to calculate the current value of the coin. Obviously this has changed recently! SBD doesn't lose value over-time like STEEM does you can hold your SBD (pun intended)
I also read that SBD is more like the internal currency. Meaning you can't exactly "Invest" into the "company" with SBD, but use them as a currency.
Last month and in november most of the liquid STEEM that were generated were used to power up.
yup it's a great way to support yourself and to support your family
I've recently joined, and it seems like a great opportunity for those who are willing to put in the hours to create great content, and make the effort to interact with other users.
I completely Agree.
Hey Robin ?
Hey! What's up?
#nothing ..just wanted to talk to you ..yesterday i watched your steemit course on udemy..want to be a part of your team brother.
Nice video. I think Steemit can open ways for small content creators to get big. Its still a very unknown platform so i appriciate your video to spread awareness.
In the video you talked about the $17 you made off the one post, but dont you have to pay 25% fee off it? Or is it already the final amount you get?
Yah, part of it goes towards the curation rewards which is what I should mention for people who are new to Steemit :p.
@robinhaney thanks for Upvotibg my poetry
As a thank you here is to you
https://steemit.com/love/@gratefulayn/of-love-and-time
Thank you @robinhaney for promoting this post together with https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals