Beginner's Guide for Steemit.Com (24 Aug 2017)
Dear Steemit friends:
Basic Information: Steemit Wallet
| # | Description |
|---|---|
| STEEM | If you have STEEM, you have the actual blockchain asset this entire network is based upon. It's like owning a share in STEEM's future. STEEM is the central currency on Steemit.com. It’s a cryptocurrency or “token” very similar to Bitcoin. You can earn STEEM by blogging, commenting and upvoting content on Steemit. This section of the wallet shows your “liquid” STEEM meaning you can withdraw these tokens at any time. You can also move STEEM to STEEM POWER in a process called "Powering Up" |
| STEEM POWER (SP) | This is just steem locked up in a way to affect your voting power / payouts. The more you have in SP, the more you get from upvotes and also the more your are able to give out VIA an upvote. It is your POWER on the site. If you put Steem into SP, it takes 13 weeks of equal payments to exit SP back into regular Steem that you can sell on an exchange. Most people put everything into SP if they are long on the platform. The more SP you have, the more valuable your vote becomes. Unlike the liquid STEEM in the first section, SP is locked in unless you click “Power Down”. Tip: If you are used to vote at 100%  make sure you lower your voting slider to 25%. At least if you vote more than 10 times a day. Not a limited number of votes per day. Instead your voting power will drain faster if you use lots of 100% votes  |
| Steem Dollars (SBD) | SBD is "Steem backed dollars" used to help assist with the economics of steem, it creates liquidity and also helps stabilize Steem value. People on here use SBD to pay for services like @randowhale and to tip people above and beyond an upvote for great content or great service to the Steem community. Value-wise, SBD are designed (algorithmically) to equal approximately $1.00 USD. You can earn SBD by blogging and commenting on Steemit.com. Just like STEEM, this section of your wallet is liquid, meaning you can withdraw these tokens at any time or you can “convert” your SBD to STEEM (This action will take place 3.5 days from now and can not be canceled. These STEEM DOLLAR will immediately become unavailable. Your existing STEEM DOLLAR are liquid and transferable. Instead you may wish to trade STEEM DOLLAR directly in this site under Buy or Sell or transfer to an external market |
| SAVINGS | Provides an extra layer of security to your wallet. Here, you can store liquid STEEM and SBD. Once you deposit liquid cryptocurrency in savings, it takes 3.5 days to remove it. (STEEM and SBD in the Savings section does not contribute to your upvote power.) |
| Estimated Account Value | Shows the total value of all your STEEM + SBD = in United States Dollars. This number fluctuates 24/7. Why? The value of STEEM changes every day as people trade it. If you’re curious what 1 STEEM token is worth right now, click here! |
| Power Up | If you have liquid STEEM tokens, you can move them into SP in a process called "Powering Up." This increases the strength of your vote and the amount of curation rewards that you can earn. |
| Power Down | You can turn SP into liquid STEEM in a process called "Powering Down." In an effort to keep the whole network secure and stable, the process of converting your SP to STEEM happens in 13 installments over the course of 13 weeks. Each week 1/13th of your SP total will become liquid. A important reminder - your voting strength reduces every week you Power Down. (Power downs can be stopped at any time.) |
| Transfer | This action is pretty neat. Here, you can move liquid STEEM and SBD to any other Steemit user or a third party cryptocurrency exchange / wallet. Simply click the little carrot drop-down and select “Transfer”. You’ll then be prompted to enter in the amount you would like to transfer along with the account you are moving the cryptocurrency to. |
If you want to learn more about STEEMIT. Please click the link below:
- The official website: https://steem.io
- Wikipedia: https://en.wikipedia.org/wiki/Steemit
- The official blog 1: https://steemit.com/@steemitblog
@steemitblog will now be dedicated to communicating with the widest swath of Steem users
- The official blog 2: https://steemit.com/@steemitdev
@steemitdev will be dedicated to communicating with Steem developers: the people who will be designing and building the applications that will help bring Steem to the masses.
- Steemit App Center: http://steemtools.com
- Block Explorer 1: https://steemd.com
- Block Explorer 2: https://steemdb.com
- Github: https://github.com/steemit
- Chat: https://steemit.chat
- Message Board 1: https://busy.org
- Message Board 2: https://beta.chainbb.com
- Announcement: https://bitcointalk.org/index.php?topic=1466593
- Videos: https://www.youtube.com
- Market: http://coinmarketcap.com/currencies/steem
- Market: http://coinmarketcap.com/currencies/steem-dollars
If you want more voting power, think long term. Instead of spending some SBD on a vote here and there, why not directly buy Steem and power up yourself? That way the investment stays entirely with you and lasts long term. I've been here over a year, so I can look back and see the benefits of consistent blogging and powering up. You can get STEEM & SBD from the following exchanges:
| # | Website | fee |
|---|---|---|
| 1 | https://www.bittrex.com | 0.25%. |
| 2 | https://changelly.com | 0.5% |
| 3 | https://blocktrades.us | 1% |
| 4 | I am now really afraid of using Poloniex. My experience says better we stay away from Poloniex. Don't use them, if you don't trust them. Poloniex has had danger signs for months now. (lack of help with support tickets, change to terms and conditions) |
Be careful, keep your coins safe! Best of luck to everyone and their trading.
There are some amazing third party applications that our community developers have created.
Top Apps:
| # | Author (Name) | Description |
|---|---|---|
| 1 | @good-karma (eSteem) | It is mobile and desktop application for Steem! eSteem is offering some of the unique features (Bookmarking, Post Drafts, Image upload/capture, Personal Gallery, Notifications, many more). I am a huge fan of eSteem app. For eSteem you can also check @good-karma |
| 2 | @steepshot (Steepshot) | A platform that rewards people for sharing their lifestyle and visual experience. You can use it to share cool pictures you've taken with your mobile phone, curate and comment photos your friends make and never worry that any third party will censor your images. |
Platform for Steem:
| # | Author (Website) | Description |
|---|---|---|
| 1 | @ekitcho (Busy.org) | Busy is a non-profit organisation offering open-source projects on Steem, which aims to bridge the gap between the old economy and a new economy giving value back to people. Their goal is to develop the best tools and strategy to bootstrap this thriving eco-system and to enable billions of people to take part in this revolution. They aim to connect everyone to the best social network platform that can bring value back to users in a peer-to-peer and decentralised way using the power of the Steem blockchain and cryptocurrencies. With Busy.org: Get your value back! and I think Busy.org is to be the "Facebook of Steemit". For busy.org you can also check @busy.org |
| 2 | @jesta (Chainbb.com) | ChainBB is a discussion forum style interface on the Steem blockchain. It uses many of the same mechanics that steemit.com uses, but presents the information in a much different way. All posts on the Steem blockchain are available via chainBB, just as they are on steemit.com. I think chainbb is a great forum to let people post their own post here. It provides a good platform for those who have similar interest to have discussions in the forum. |
| 3 | @zappl (Zappl.io) | Zappl claims to be the "Twitter of Steemit" and will create a decentralized micro-blogging platform built into the STEEM blockchaink. I think, It is a great way to give people a simple & easy spin on how SteemIt works. No need to create a very long blog. Just post a few words and give SteemIt a try! Looking really sweet! |
| 4 | @heimindanger (DTube) | DTube is an application fully written in javascript, that runs in the browser, that allows you to upload and watch videos on top of the IPFS Network. Moreover, it uses STEEM as a database and enables earning rewards from your uploads. Here's a post to get you started: Introducing DTube: a decentralized video platform using STEEM and IPFS by @heimindanger |
SteemFest: This idea of a global "CONFERENCE" by @roelandp
You really like the local meetups and You really add value to the Steem ecosystem but for SteemFest the "VISION" is to bring many steemians from all over the world together to nurture new IRL relationships, learn from each other and just have great fun...
- NOVEMBER 1/2/3/4/5 - LISBON - Please click here: https://steemfest.com
Shop with Steem Dollars!
- Use your Steem Dollars to support the New Economy! https://www.peerhub.com
- Buy/Sell your artwork for Steem! http://www.steemarket.com
Good To Know
| # | Author (Website) | Description |
|---|---|---|
| 1 | Markdown Pad | I use Markdown Pad (free version) to create my posts and I recommend it to everyone. |
| 2 | @penguinpablo | Steem Now - A Very Good Steemit Tool. It nice and simply laid out and has some great features. It's a great and easy to use app one I use every single day! |
Continue to build up SP. Accumulate, accumulate, accumulate. Key to success.
SteemitTraffic's blog - Top 30 Countries with the Highest Number of Steemit Users.
I feel proud to be a part of this great platform.
| @hien-tran |
|
My upvote for you..Please check and upvote my post !!!
https://steemit.com/yoga/@feel.good/power-of-yoga-beyond-exercise
Happy Steeming !!!
THANKS
Thanks for wallet information and i didn't undersstand this for many days and after it i got your posst
Great thanks to you
I've read a couple of do's n don'ts on here, when learning the requirements here, since joining in july, and a fair bit seemed puzzling.. This is more organised what you've written, makes it a bit more easier for me to understand.. Thankyou :)
thank you for breaking down how the wallet works. I have been curious about this since joining steemit last month.
You explained it fairly thoroughly and in layman's terms for me.
Bookmarked for future reference.
Well done. Thank you for putting together this guide.
Wish this had been posted when I first started out. Upvoted and resteemed!