Steemit you win, I'm giving in and switching from Reddit. A few questions for a newbie.
Steemit, you guys win, I have been a reluctant Steemit lurker but today I am finally buying in for better or worse. I think like a lot of people I am finally getting sick of the Hacker News --> Reddit --> Hacker News cycle and always looking for an intelligibly curated news source online. I have heard that from the beginning Reddit and Digg had hoped/planned to somehow reward content creators with more than just votes but aside from giving out tokens like "gold" have completely failed to incentive good content, and it often-times shows.
My eureka moment was like deja vu of using Reddit 4-5 years ago, to put it bluntly, it sucked, and to put it bluntly again, Steemit sucks right now. But (just like Reddit in 2011) all Steemit needs to not suck is more users, and users will follow the content creators. As long as the incentive for creators is to have an income from their work, they will be driven to any profitable platform. Because posting to Steemit as well as YouTube, Reddit, whatever-other-site takes little extra effort more and more publishers will be driven to this platform.
Q1
Is this Steemit "web wallet" as good a place as any (with strong password of course) to keep $1,000 + in Steem?
Q2
How is the currency tied to the site, can there be a fork of the site that uses Steem too?
Q3
What are the two different Steem coins, is just one used for voting?
Thanks all!
The wallet is very secure. I have around $4000 here and am not worried. A lot of people have a lot more. Market price is more of a concern.
Steem Power is locked in Steem which you can withdraw but you get around 1% out each week for 2 years so it takes awhile to get out...but does 2 awesome things. It protects you against most of the inflation (each minute or so that you hold Steem Power..it grows), and it also gives you part of your voting power.
Steem dollars can be withdrawn any time and earn 10% Apr. Steem doesn't help with voting power and doesn't grow to help against inflation.but it is liquid.
I don't see Steemit forking gor lots of reasons. Most people will stick with this website and a fork would have to use another website. If someone tried to make a Google clone at Groogle..no one would use it.