What is Steemit ?

• Social Media/Blogging Site
• Built on the Steem Blockchain
• Pays users for posting stuff and liking stuff
• Pays users in Steem(a cryptocurrency)
• It is not a soft work.

Blockchain is a ledger:

• Immutable
• Transparent
• Secure
• Decentralised
• Game changer
  Steemit is a social network that looks and functions a lot like Reddit, but with one HUGE difference.
  Steemit pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work.
  Steemit leverages a revolutionary new technology called the block chain. The block chain is the technology that underpins Bitcoin – the first ever cryptocurrency. In the case of Bitcoin, no 3rd parties (banks, governments, exchanges, .) are needed to make transactions – no bank fees, no exchange fees, no central banks, no uncertainty over government interference with the money supply.
  So, if you want to start earning money by just maintaining a social presence, then this course is the best place to start!

Advantages of Steemit:

• Core Values
• Value for value.
• No fees.
• Long term instead of get rich quick.
• Community
• Non-violence

How does Steemit work?

In some ways, Steemit is similar to other digital currencies. For example, Steemit currency units can be traded, bought, and sold on the open market just like all of the other digital currencies.

With other cryptocurrencies like Bitcoin, the actual currency units that are created each day are distributed to the people who run a special bitcoin software program on their computers that perform a process called Bitcoin Mining. The amount of computing power you have dictates how much money you get.

The 3 Steemit Currency Units:

One big difference between Steem and other digital currencies is that there are three different kinds of Steemit currency units.

The Three Currencies in Steemit:

• Steem.
• Steem Dollars.
• Steem Power.

Steem:

Steem are the units that are bought and sold for actual money on the open markets. You can trade them as you would bitcoins or a company’s stock.

But you don’t want to hold on to these for too long because more Steem Units are created every single day. If you hold onto Steem Units for a long time, they will become diluted and lose value.

Steem Power:

Owning Steem Power Units is essentially like making a long term investment in the currency because you can’t sell Steem Power Units for 2 years. But there are a lot of good reasons to have Steem Power.

By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie.

Steem Dollars:

Steem Dollars are the third and final form of the currency and never get diluted or lose their value. They are designed to be a stable currency that you can sell at any time. When you create popular content, 50% of your pay will be in Steem Dollars.

When you earn Steem Dollars for creating content, you have three choices:

• You can convert the Steem Dollars to Steem and sell it immediately on the open market for real money, essentially cashing out.

• You can hold the Steem Dollars, which keeps the money in the network and pays you 10% interest. You can sell them at any time. If you think the value will go up and want to sell at some point in the near future, this is your best option.

• You can exchange your Steem Dollars for Steem Power. If you want to invest in the future of the currency and reap the biggest rewards, this is the way to do it.

How are the newly created Steem distributed each day?

• Every day 90% of the new Steem units are rewarded to the people who hold Steem Power Units.

• 10% of the new Steem units are paid to content creators, curators, and commenters.

• When you create content that actually earns money, 50% is paid to you in Steem Dollar Units that can be exchanged for actual money right away (or converted into Steem Power).

What is Cryptocurrency?

• DECENTRALIZATION:
• PRIVACY
• LIMITLESS TRANSACTIONS
• CONTROLLED SUPPLY
• TRANSPARENCY.

How do I get paid?

Steem Dollars>>>>>Bitcoin>>>>>>Naira

• Let's say you make $100 in a post
• 25% goes to curators(the people that liked/upvoted your post)
• 75% goes to you (the content creator).
• This 75% is divided into two.
• The first half of it 37.5% paid in SP. SP is an investment.
• The other half is paid in SBD and it is liquid (meaning that you can withdraw it after 7 days).

Where does the Money Come from?

Its printed from thin air!

For non blogger what can they do with Steemit?

• Everyone who has any social media account has a blog
• Invest
• Promote your business

Why Join Steemit Today?

• Education.
• Early Adopter/First mover advantage.
• Steem Power Influence.
• Its an investment.
• Longterm returns.
• Personal Developement.
• Opportunity of a lifetime.
  

Proof of Brain:

“More gold has been mined from the thoughts of men than has been taken from the earth”.