STEEMIT AND CREATIVITY

in #creativity7 years ago (edited)

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CREATIVITY

This is a phenomenon whereby something new and somehow valuable is formed. The created item may be intangible or a physical object.
It is an inventiveness, which involves the use of imagination or original ideas to create something.
Let's now consider the relationship that exists between Creativity, education and society
Creativity is the king, education is the queen while society is the prince, but there is going to be a great conflict if the queen defiles king's order for barrenness shall invade. However, who will give birth to the prince?
Creativity is the power to imagine the unimaginable and do incredible. Creativity and originality are more important than technical skill. It is greater than education because from creativity society was born. Creativity is the only qualified police capable of arresting the criminal of impossibility since impossibility is a notorious criminal. The inability to be creative is a strong hindrance to the progress of individual. It is the key that can open the door of developments. Therefore, until you and I enlist at an institution of appropriate reasoning, detaching from the shackle of poverty shall be a mirage. Create something today to safe your society from shame.
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STEEMIT

Great people who are creative did something cool by inventing this platform called steemit, which has gone a long way in alleviating ignorance, poverty and shame in our societies to a greater extent.

Introduction

Steemit is a blogging and social networking website on top of the Steem blockchain database. The Steem blockchain produces STEEM and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content.

History

On July, 4th, 2016, Steemit, Inc officially launched Steemit, a social media with virtual currency rewards that runs over the Steem blockchain. On March 15, 2017 Dan resigned as a head of technology and a marketing team was announced with Mitchel Loureiro ( @zuvarnic ) and
@andrachy . Frank Rimalovski, Andrew Haines and William Mougayar (@wmougayar ) are advisory board members while @cass , Jeffrey Paul (@sneak ), James Calfee ( @jamesc ) and Valentine Zavgorodnev (@val-a ) are a few of the staff members.

Concept

The idea was described in a whitepaper released in March 2016 which was updated in August 2017.
The general concept is similar to other blogging websites or social news websites like Reddit, but the text content is saved in a blockchain . Using a blockchain enables rewarding comments and posts with secure tokens of value. Images can be uploaded and hosted on Steemit. Other multimedia content must be embedded from other web hosts. For formatting, there is a WYSIWYG editor. Users can also opt to use Markdown formatting with HTML elements.
User accounts can upvote posts and comments, and the authors who get upvoted can receive a monetary reward in a cryptocurrency token named STEEM and US dollar -pegged tokens called Steem Dollars. People are also rewarded for curating (discovering) popular content. Curating involves voting comments and post submissions. Vote strength and curation rewards are influenced by the amount of STEEM Power held by the voter.
Steemit has a reputation system, where new accounts start with a reputation of 25. An account's received votes can influence its reputation up and down, incentivizing online etiquette and interaction with the community.

Monetary system

The Steem blockchain has two tokens: STEEM and Steem Dollars. There is also a vested or stored interest known as Steem Power. Steem Power is strictly for internal use in the Steem community, while the tokens are used for stored value and trading.
Steem began with a highly inflationary supply model, doubling roughly every year. However, due to community demand, on December 6, 2016 the inflation rate of Steem was changed to 9.5% per year, reducing by 0.5% per year.

Usage and media coverage

As of Nov 2017, there are more than 450,000 Steem accounts. After an initial public beta for which no payments were made, the hard fork on July 4th, 2016, saw $1,300,000 of STEEM and Steem Dollars paid out to Steemit users.
The exchange rate of STEEM compared to Bitcoin rose continuously during July 2016, peaking at a price of over 4 US dollars. 20th of July 2016, Steem had a first notable peak of market capitalization with about 405 million US dollars. As of December 16th, 2017, its market cap is 525 million US dollars.
Steemit was described as a novel and "disruptive blockchain-based media community" by Adam Hayes (Investopedia ) in July 2016. It got media coverage in cryptocurrency- and business-related media. Author Neil Strauss, a Steemit member, wrote an article for Rolling Stone calling its reward distribution "particularly clever" and echoing the sentiment of its disruptive potential.
Andrew McMillen explained in Wired Steemit's function being rooted in transparency with every vote and transfer being viewable to the public from upvotes on posts to wallet transfers. Unlike most digital currencies which are difficult to access for the majority of the world without any money to invest, Steem removes the friction for the average person to join in the cryptocurrency world by allowing earnings via posting without needing to buy in first.
As of November, 2017, YouTuber and syndicated radio and television talk show host David Pakman started publishing content from The David Pakman Show to Steemit

Criticism

Joe Lee, co-founder and CIO of digital currency trading platform Magnr, told CoinDesk. "Whether Steem succeeds as a digital currency will be more a reflection of Steemit’s success as a platform as opposed to the economics of the coin itself. This is a good example of a digital currency whose value will be closely affiliated to its utilitarian value as a social networking and sharing platform."
“I’m skeptical about 'appcoins'/'appchains,' and Steem is very much one,” stated algorithmic trader Jacob Eliosoff.
Wikipedia
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Creativity has led to what we all know as Steemit today, kudos to the thinking minds of the inventors of this platform and more power to their elbows. To all fellow Steemians out there, let's also follow the footsteps of the pioneers of Steemit and other positive innovators to create something big with a view to imparting positively in our various societies and the world at large. So that the unborn generations shall have something awesome and not awful to reckon on.

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Wow, thanks for sharing this vital information. You did great on your research.

Smiles.. You're welcome.
And also thanks for upvoting it.

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