Steemit: Under New Management

This is going to be a deep dive into the History of Steemit's emergence in the Crypto world, and the emergence of the Crypto world itself so everyone can understand where Steemit is now.

Image from:
https://truthingrace.com/2012/08/23/under-new-management/

The Birth of an Economy

I first heard about Cryptocurrency around 2008, when a friend of mine mentioned something called the "Silk Road", and I had no idea what either of these things were and had 0 understanding of what a Cryptocurrency is. That may be where you are now, or you may have some experience with Cryptocurrency. A few years later, maybe 2011, there were now news articles about the Silk Road again. After reading an Article, I went to reddit did the whole Onion Browser thing, and used the URL to get to the Silk Road. Where I saw the Bitcoin symbol for the first time. It was being used like a $ Symbol, so I was confused.

฿ 6.00

So I highlighted the symbol, and copied it into Google. And a bunch of discussion on a Forum called Bitcointalk.org appeared. So I started reading. I learned about Satoshi Nakamoto, and Cryptocurrency, there was a community goal that was an extension of Satoshi's initial release of the code as Open Source, the goal was that everyone would use Cryptocurrency. It would be a Decentralized currency, not issued as Fiat by a Government. When I first got there, Bitcoins were $5.00 each. Soon after they were $30.00, then $100.00. Some people said it was a Bubble and it would "be affordable again", and this was when everyone traded on MtGox, and trading platform which was an Acronym for "Magic the Gathering Online Exchange", and you had to use a Money order to buy them. Some people began to theorize that Bitcoin was going way up, that one day we would no longer trade Bitcoins, but much smaller segments of the Coins, and these smaller pieces were dubbed "Satoshis".

Then there was Butterfly labs, and the mining farms. It no longer became feas ible to mine with a laptop or number of laptops, and the Graphics cards that had been being used for mining were also being overtaken by the ASICs.

Litecoin was created. Then it was overtaken by ASICs, so Feathercoin and DOGE were created. Eventually came the CryptoNite Algorythm, to counter ASICs and weaken them, Monero is a CryptoNote based coin like this.

Steemit Emerges

Then Ethereum. A Blockchain Cloud, with dApps in place of Apps. Ethereum is Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Bitshares was maybe created before this, but is more of an Organizational Blockchain to be used like a cloud to run 1 or a few websites, while Ethereum is more Decentralized. Bitshares hosts Assets on OpenLedger, these are Token Currencies, not mined but created and owned by the creator, to then be distributed like stocks, or coupons, or tickets, etc. These are then traded on the OpenLedger platform like Cryptocurrencies.

Bitsharestalk.org is similar to Bicointalk.org and is kind of where the ICO trend incubated, and was where the Steemit Witnesses came from. Bitshares was created by Dan and Ned, on what they named the Graphene Blockchain. Their Public release of this Blockchain is called OpenLedger Fabric. IBM uses it. And they used Graphene to create Steemit.

Steemit is a Graphene Blockchain, which can and should be copied into any website model. Any Forum or City or Charity, etc, could launch a Graphene Blockchain to run their website, have Witnesses and Nodes, a Currency, and Voting. Any website could reward their users with a currency like STEEM.

About 3 years ago, the Anarcho-Capitalists came to Steemit. They are like Libertarians to the extreme, and believe the Sidewalks and Roads around you should be Private property, to be used by you as the owner sees fit and for whatever fee they deem appropriate. No Public Property, just Anarchy and Capitalism. And Dan and Ned seemed to approve of this, creating an environment that switched from the most profitable posts being those about Steemit.com or STEEM or trading Crypto, to Anarchy Podcasts and Philosophy against Taxing anyone at all ever. It was a big change, and it was not for the better. I then left the platform.

Under New Management

Ned then sold Steemit INC to Justin Sun, who founded TRON. And based on what I read from 7 months ago, Ned must have fully and completely implied that Justin had full and complete control of Steemit, without ever having told him about the situation where all the Witnesses, which can be seen as a Board of Directors (BoD), were Bitshares people.

Steemit is a Delegated Proof of Work Staking Chain. I will break this down.

Delegated = Voting, you Upvote posts, you Vote for Witnesses, etc

Proof of Work = Bitcoin itself is a PoW chain, this simply means there is mining. So Delegated Proof of Work means that the Mining is Voted on. So not everyone can Mine STEEM, only Witnesses who are Voted for can mine STEEM.

Staking = This can be equated with Interest. STEEM has Interest associated with Holding it.

So now Delegated Proof of Work Staking Blockchain makes more sense.

So now that Steemit is "Under New Managment" I wanted to explain where it is now. When Ned sold Steemit INC it started a War with the Witnesses and eventually they forked Steemit. This means a new STEEM currency and Blockchain were created, starting from before Justin owned it, and enough people began using it to make it viable. This Platform and Currency are called HIVE. So now there are basically 2 Steemits.

These are the new Steemit Greeters

Achievement 1:
@fendit - for Spanish speakers and other
@tocho2 - for Venezuelan newcomers.
@randulakoralage - for Indian subcontinents and other
@tarpan - for Bangladesh newcomers.
@beautychicks - for African continents.
@njaywan - for African continents.
@radjasalman - for Indonesian newcomers.
@cryptokannon - everyone

Achievement 2:
@rishabh99946
@kiwiscanfly
@leveuf

Achievement 3
@beautychicks
@njaywan
@kiwiscanfly
@leveuf

Achievement 4:
@neerajkr03
@njiatanga

Achievement 5:
@yohan2on
@neerajkr03
@sapwood
@leveuf

Achievement 6:
@neerajkr03
@yohan2on
@sapwood
@leveuf

The Greeter Fairy Team
They will be guiding the newcomers that is still outside of the Newcomers Community, into the Newcomers Community and also introduce you to the programs that we The Steem Greeters Team currently have for newcomers and the Steem Community.
@belenguerra
@girolamomarotta
@besticofinder

The Greeter
They will be greeting you and introduce you the programs in the Steem Community and also by The Steem Greeters Team.
@toufiq777
@edlili24
@adeljose

Curators for 500SP Minnow Support Program
@rex-sumon
@edlili24

We looking forward to guiding you in your journey to get to know Steem Ecosystem better.

Kind Regards,
The Steem Greeters Team.
*updated 21/9/2020

https://steemit.com/hive-172186/@cryptokannon/the-steem-greeters-team-introduction

The Old Hardfork and how it applies now

When Steemit first launched, the Rules were different. It was called Steemit Beta, which means it was a test launch. The main users were those from OpenLedger, and as it launched they decided it was going to be more of a Blog Platform than Reddit is, even with it being named after Reddit. But a few problems emerged, a big one was that people did not think it was fair that posts paid out in 24hrs, so their posts hardly got any time to collect views and earnings. So a new Blockchain was forked from the old one, and the Witnesses elected to migrate to the new chain. The new rules made payout take 7 days, and a second payout at 30 days if new votes were gotten after the 7 days. Then they also made it where if you post 2x in one day on your blog, your earnings for both are added together and divided by 2. If you post 3x, they are added up and divided by 3. They also added the follow feature so you have followers and people you follow. I believe these rules still apply, but I am not sure if posting in Communities divides your payout, or if posting in multiple Communities does, or multiple times in one Community. If you know please share in the comments.

Communities

Mentioning Communities, these themselves are a new feature put in place by the TRON team. Communities are meant to be places of Collective Wealth, where we can come to find like minded people who can vote on our content. So they are like Reddit Subreddits /r/ which then makes the trending page more like the Reddit front page, where we independently vote and raise each other to "trending" within our groups, which translates to trending in hashtags and friend's lists, which eventually translates to front page trending. So now Steemit will seem like a much much much larger place once we have 10,000 groups to choose from. With 10,000 groups you might join 100 good groups, and never know about 100 other ones, that is how this will grow the Steemit community.

And, this creates a new posting Topic:

Directories

Each user has a little directory on their profile, here is mine
https://steemit.com/@punicwax/communities

You can also write Directories.

Here is the link to find communities
https://steemit.com/communities

If you want to vote for your first Witness, I would choose this guy. He distributes 50% of what is mined to his Voters.

https://steemit.com/@exnihilo.witness

Steemit Nursery (2 Month Incubation for New Users)

https://steemit.com/hive-172186/@cryptokannon/steemit-nursery-community-for-newcomers

Minnow Support program

https://steemit.com/hive-172186/@cryptokannon/500sp-minnow-support-program-for-newcomers

New Comers Acheivements

https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention

https://steemit.com/hive-167622/@steemalive/how-to-become-a-full-member-of-steemalive-community-the-steps

The Community Support Program

https://steemit.com/the1000daysofsteem/@steemitblog/1000-days-of-steem-the-communities-support-program

https://steemit.com/hive-148497/@alikoc07/steemfoods-community-established-join-us-and-earn-steem

Posts about Steemit from the past

The STEEM White Paper

https://steemit.com/steemit/@marsresident/the-steem-white-paper

STEEM for Noobs

https://steemit.com/steemhelp/@aem/steem-for-noobs

https://steemit.com/steemit/@cryptogee/welcome-to-steem--introduce-yourselves

Cryptocurrency and Taxes

https://steemit.com/money/@marsresident/you-do-not-have-to-pay-taxes-on-cryptocurrencies-until-you-sell-them

How to Submit a Post

https://steemit.com/steemhelp/@nanzo-scoop/steemit-essentials-how-to-submit-a-blog

Introduce Yourself

https://steemit.com/journey/@marsresident/introduce-yourself

Voting and Witnesses on Steemit

https://steemit.com/steem/@marsresident/vote-for-steem

Voting on Comments

https://steemit.com/steem/@steemship/buried-treasure-make-money-upvoting-reply-posts-on-steemit

Tools for Buying, Selling and Calculating STEEM

https://steemit.com/steem/@marsresident/tools-links-for-steem-users

How to Spend Your Time on Steemit

https://steemit.com/steemit/@marsresident/steemit-time-guide-using-your-time-wisely

Using Tags

https://steemit.com/steemit-ideas/@nanzo-scoop/tags--best-practice--top-or-bottom-of-the-post

Economics 101

https://steemit.com/money/@marsresident/474mst-economics-101

Minnows, Dolphins and Whales on Steemit

https://steemit.com/steemit/@crypt0/steemit-whales-dolphins-and-minnows-the-importance-of-steem-power-on-steemit

How You Can Help Get STEEM in the News Using Just Your Email

https://steemit.com/steem/@marsresident/how-you-can-help-get-steem-in-the-news-simply-using-your-email

How DogeCoin Overtook Other Currencies

https://steemit.com/steem/@marsresident/how-dogecoin-overtook-other-cryptocurrencies

STEEM’s USD Value will Climb Throughout the Year

https://steemit.com/steem/@marsresident/steem-s-usd-value-will-climb-throughout-the-year

How STEEM Can Become the #1 CryptoCurrency

https://steemit.com/steem/@marsresident/how-steem-can-become-the-1-cryptocurrency

Steemit Could Replace Your Full Time Job

https://steemit.com/steemit/@marsresident/steemit-could-replace-your-full-time-job

Buying Gold and Silver with CryptoCurrencies

https://steemit.com/money/@marsresident/gold-silver-and-the-steem-community

Using HTML to Live Up Steemit Posts

https://steemit.com/steem/@xeldal/how-to-liven-up-your-steem-posts-with-markdown

Mining STEEM

https://steemit.com/steemhelp/@joseph/mining-steem-for-dummies

Github Archive for For STEEM App Developers

https://steemit.com/steem/@marsresident/github-cryptocurrency-app-creation-archive

Creating Your Own Currency

https://steemit.com/steem/@marsresident/make-your-own-cryptocurrency-video-tutorial

Steemit Beta

https://steemit.com/steemit/@marsresident/what-steemit-beta-means

Steemit and Non-Profit Organizations

https://steemit.com/steemit/@marsresident/steemit-and-501-3-c-organizations-or-even-local-governments