My Last Set Of Steemit-Related Questions For 2016. Eyes Set On Steemit 2017!

in #steemit8 years ago

I have some side questions that will help me clarify things a bit better as we prepare for steemit in 2017!

My Last Set Of Steemit-Related Questions For 2016:


(image source/credit to: 1)


 When they say mining with your mind on steem what does it mean? Is more steem mined or produced by our posts?

 I really don't understand several things yet. 

"A set number of steem is produced each day!" By the miners; those that dedicate their hardware to mining? 

Are we miners too; we who just write up posts? And how? 


When the number of steem technology users or content creators in this case, increases in the future, what exactly happen? Is earning further reduced as the steem produced daily is now shared to many more people or is more steem produced to cater to the new number?

 And how does that work? Do more people invest hardware into mining as there is a new number of people who are blogging? 

Who are the miners of steemit? How do we get to know their identity? Is there a place to find them, like a blockchain explorer and understand their activity?

 I would like to know; 'exactly what happens, when many more users adopt steemit or busy.org, does the price of steem increase or decrease? 

Why is there even concern on the price of steem? What difference is there, if it goes up or down? Is it that if it goes high, people can power down and like convert their steem to dollars and what happens if people go that path; will the price of steem go down again? 

Is it a good thing for steemit owners like @ned etc, that the price of steem goes up or is it a good thing for steemians or is this what could attract new users to steemit?

 What exactly doesn't mean where it says "steem power dictates you influence on your rewards"?

How do I get to understand the pinpoint difference in between when I had 50 steem power and 500? I don't know how to or if I can tell the difference in my case, when it comes to rewards!

 Is there place online or like a steem tool that helps us understand these things? I commented on a post by @good-karma and he recommended the steemit whitepaper and i did read it but it didnt cover well enough to my understand these scenarios!


 I feel understanding these tiny details, will help encourage us as we can understand our progress better!

When it says steem produced is shared to everyone based on their steem power, does it mean, if you have 10k steem power for instance, you can earn without posting or curating?

Is steemit still on beta? Are we expecting more functionalities on steemit?


 I have several other questions but clearing out this basic questions by means of answers, will already help us noobs, to get an understanding of the more tech things! I have clearer understanding of steemit since I got on here and knowing the small things helped me decipher the bigger things on my own!

 

Answers to these questions, will also put more light on the goodies that busy.org would bring!


YOUR BOY terry

@surpassinggoogle



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