Complete understanding of steemit, steemit Raiders

Currently there is no online system for steem relatively systematic documentation, especially in Chinese.As a white, I integrated some of the information to be digested, put together here.Hope to be useful later on white.If there is a mistake in the middle, please correct me.thank!

1. Meet steem
   1.1 Why we should understand steem
   Open this article's shoes, presumably on the blockchain (at least bitcoin) how much to understand.
   My own opinion is that although the blockchain is not yet perfect, it represents the future of the Internet because I firmly believe that the general trend of social development has always been to continuously improve efficiency and reduce costs.
   Blockchain has set up a trust mechanism on the basis of decentralization, which is a change to the current centralized Internet.

What is the Internet's largest application?It's social.Pc era is the largest application qq, mobile Internet era is the largest application?WeChat / twitter / facebook / Weibo.No matter what the shape is, the nature of human needs will not change. Therefore, in the future blockchain internet, social media is still extremely important.

Steem is one such decentralized social media platform.Imagine a rapidly evolving platform on the future of the Internet that meets the needs of the largest of the people and uses an innovative mechanism to motivate participants automatically, and whether its prospects are broad enough?

What we can do is to quickly understand it and even participate in its development. Well, how to say it and live in the future?
1.2 Come and know steem and steemit
Steem is a blockchain-based social media platform that rewards players for their digital currencies.
Translating adult words is: steem like Weibo, WeChat, etc., but the difference is that weibo rely Sina, WeChat rely on Tencent as the center to provide services, and steem do not need such a center will be able to run well, but also steem
On the post, replies, discussions, etc. can be rewarded, the higher the quality of the post, the more praise, the author received the higher rewards.

We want to use this social network, of course, requires a website or app such an interface to operate, which is steemit.The site is https://steemit.com and the app has been developed at https://www.esteem.ws

1.3 behind the man steem
Why do you want to know the man behind steem?
So to speak, if Ma says he wants to open a new company, everyone can raise capital stock, you spend three months to understand what his new company is doing, or apart from anything else to transfer?
It is estimated that many people go directly to their wives for money.
Because in general, cattle have proved their level with his experience of cattle breeding.
The core developer of steem is dan larimer (bm), a developer of bitshares (bit-shares) and a co-developer of crowdfunding eos and a big god-man in cryptocurrency.
This person and his team got the graphene technology of great interest in the development of bit shares.
Currently bit shares, steem, eos are using graphene technology.
See here, you should basically know the weight of steem.

You have to ask me where the graphene technology is in the cow. At its core, it handles hundreds of thousands of transactions per second, a few orders of magnitude faster than Bitcoin and Ethereum.
There's a post at steemit that compares blockchain technology before graphene to dialing the Internet with a phone line, and graphene to fiber.
As for the deeper technical details, I do not know.
(Wukong, do not throw things, how to do if hit the children? Dropped flowers are not good!)

1. What the hell?
   Grilled steak steem three kinds of digital currency

Children's shoes are involved in some blockchain project, probably to understand what is under this project, what are the advantages, what is the token, how to trade, and most projects only a token, such as bitcoin btc, Ethereum
Eth, sia sc, etc., is still relatively easy to understand.
But to the steem platform here, there are three appeared, namely steem / sp / sbd.
Anyway, when I first started to contact, I read the white paper and many articles and I still have a look at it. Now I know a little bit more, and I also share a plain understanding.
Well, so let's start with an example of a more common start-up in reality.

Saying a start-up company (called Niu Wang) made a project.
Their money is working:
(1) Niu Wang issues a kind of bovine currency every year, this kind of currency can trade on the market casually, a bit like game currency.
(2) cattle net stake called Ushimata.
Of course, shareholders can enjoy the dividends, according to the shareholding ratio each year to the new issue of most of the cattle.
(3) You can also buy cattle network bonds, called cow debt, each year 10% interest, much stronger than the current bank deposits.
(4) Newly issued coins will be rewarded to authors involved in the creation of posts, comments, etc., as well as people who silently perform technical services.
So what is the project?
Will not be a liar, right?
Why do we buy their cattle / cattle / cattle debt ah?
Good question, let's expose their bottom:

(1) they are doing social media, a bit like the domestic microblogging, foreign twitter like, but the difference is that in the cattle network posting, reply / comment can earn!
money!
of!
(2) Shareholders can vote on these posts. The more shares, the more votes.
More votes in the vote can be divided into more money.
(3) Since the posting can make money, and like the more people the better, then users will try to write a good post on the line, big v do not have to make money by advertising.
Wow, the whole world is clean!
(4) We can find useful information here, and our data and attention can not be used as leeks, sold for free harvest!
(5) The most cattle is that this cattle network is automatically run, the start-up company dissolved, but all the above things continue to run automatically, no one can tamper with.

The end of the story is: everyone in the cattle network had a happy, open, free, but also make money in life ... ...
Alright, the story is over, get back to life.

2.1 steem- "cash"

The steem platform is like the bullhorn in the story, and steem is the issuing denomination. It acts like cash on this platform and is readily convertible to bitcoin on some exchanges.
Of course, the price must be volatile, just as the exchange rate between the U.S. dollar and the Chinese yuan will change.

2.2 steem power (sp) - "Equity"

sp is like a bull in the story, shareholders with sp can enjoy the following rights:
(1) 90% of the newly issued steem is entitled to be distributed on a per person basis.
Share more dividend more!
(2) in the vote on the platform when the post, not one person one vote, but who sp more, who votes more, the post can get the rewards have a greater influence.
Big shareholders, of course, have a say right!

2.3 steem dollars (sbd) - "Bonds"

sbd is like a cow debt in the story.
Since it is debt, you have to pay the principal and interest, it has three advantages:

(1) Retention: sbd is the anchor of the dollar, which means that no matter how the price of steem fluctuates on the market, 1sbd equals 1 steem.
For example: I have 1sbd in my account, and the price of 1steem on the market today is $ 0.5. So when I convert this 1sbd to steem, the platform will give me $ 1, which is 2 steem. If steem plummets,
Market price has become $ 0.05, I want to convert this 1sbd steem, the platform still give me a value of $ 1 is 20 steem.
(2) interest payment: you can get 10% annual interest.
(3) Better Liquidity: Although the liquidity is not as good as cash (steem), it can be exchanged for cash in the platform internal market and can also be traded in the external market. Of course, depending on the supply and demand relationship, the sbd value of the external market

Not exactly equal to 1 US dollar, generally fluctuating around 1 US dollar.

2.4 steem / sp / sbd conversion between
The reason why steem platform design three kinds of digital currency, each has its own purpose.
steem is a base currency that can be used as a conversion medium and measure for the other two currencies to enhance liquidity.
It can be swapped into the sbd at any time in the internal market, or bitcoin in the external market. You can also convert 1: 1 to sp.
sp is the platform most users want to use the form, because the long-term ownership stake in order to continue to pay attention to the platform to contribute and promote development.
sp can be bought or replaced by steem, can also be exchanged for the internal market steem, just need 13 weeks to account, a bit like the lifting of the staging of shares.
sbd exists in order to ensure the stability of the platform economic system, otherwise there will be many drawbacks, such as:

Huge fluctuations so that users are not interested in participating, the platform will shrink.
The author struggled to post a message and reap one steem of platform rewards, but the authors do not know what that means because with steem's price fluctuations it could be worth $ 1 and possibly $ 0.05, and their own labor could not
Stable measurement.
However, if sbd is rewarded, the metric is uniform and in line with the real-world value perception.
Rewarded to me 0.5sbd, I naturally know that this means that the actual value of 0.5 US dollars, I can always be replaced by 0.5 US dollars.
On the other hand, too much volatility will make it difficult for the digital currency to be accepted by external businesses as a means of payment.
Thankfully, you've been able to buy your product at https://www.peerhub.com.

The conversion of the three as shown below:

Well, yes, the internal market mentioned above, you can see it in the menu after you log in to steemit below; Exchange recommends pnet (https://poloniex.com) and bnet (https: //bittrex.com), you can buy and sell steem and sbd.

2.5 Three types of digital currency holdings proposal
Three digital currencies have different characteristics, according to the different purpose of holding, the suggestion is as follows:
(1) in order to chase sell arbitrage in the exchange, it is recommended to hold steem;
(2) The ability to keep value within one year with proper appreciation, low risk and keep ready at any time: It is recommended to hold sbd;
(3) optimistic about the long-term development of steem, actively participate in the platform and accept low liquidity: it is recommended to hold sp.

3.steem currency how to generate and distribute it?
Steem by the platform in accordance with a specific algorithm, basically in accordance with the annual rate of 100% additional, that is to say double the total amount each year.
After the creation of these currencies is how to allocate it?
Roughly:
90% to shareholders: allocated to sp holders in proportion to sp;
Remaining 10% into the contribution bonus pool, divided into three, roughly divided as follows:
(1) 75% of the creators' rewards, such as post / comment / reply;
(2) to vote for these posts, reward 15%;
(3) Those "witnesses" who hard-record everything that happens on the web and are packaged in blocks reward 10%

1. Steemit on the post to make money how much money?
   4.1 The basic rules of voting
   See the above content, presumably some good writing shoes have been eager to send money to make a post.
   Do not worry, we have to figure out what factors affect our posts to make money.
   If you want to say "of course is the quality of the content," well, you won.
   The question is, what is the platform to determine your content is good or bad?
   It is voting.
   Let's take a look below
   (1) In simple terms, the prize pool for these bonuses, we share points.
   Ye share it?
   In this way, we made the post, so shareholders have a look, vote, hit points, who sp more, more votes, the voting component is large, and finally determine the distribution by scoring a percentage.
   (2) When someone replies to your post, comment, he will receive a reward, but you can get 50% of his reward.
   At this time you may ask, then if someone cheats, pull a lot of people vote for their own posts how to do?

4.2 to prevent the means of voting cheating
steem in order to minimize possible cheating, to take some measures, such as:
(1) the use of negative votes.
If cheating, there will be "justice" netizens can not stand it, to vote negative votes.
Of course, this has another problem, if the malicious vote to how to do?
steem each user has a "credit value", the credit value and sp have nothing to do, need to post, comment and other long-term participation in platform activities and gradually accumulated and improved.
It is ineffective if a person with a low credit rating votes a person with a high credit rating.
Like sesame credit, your score is higher, it will cherish your credit, will not give yourself some bad record.

(2) limit the voting speed.
In order to achieve this, steem platform has given each user an additional indicator, called "voting power", as we fight the game that "blood value", each person can vote a limited number of votes per day, such as novice "
Full blood "value is 20, each vote will be" reduced blood ", until depleted, we can no longer vote, and, with the" blood value ", the impact of the corresponding vote is also declining.
(3) postponed the reward.
Each vote is delayed for 24 hours into the calculation of rewards so that others will still have a chance to correct if they concentrate on cheating during the last few seconds.

After reading these, I believe or you are right: the quality of the content is very important, and then is actively published.
How to operate it?
Follow me this big white look at it, most of this content with the daily microblogging similar, more easy to understand.
Let's start the steemit journey

5.1 Register steemit

Log in to https://steemit.com and click "sign up" on the home page. Follow the prompts to enter the account name, email address and other information step by step to complete.
Note that: The platform will generate a key, this must be properly recorded and saved, otherwise it will not be able to log in and restore.

5.2 posting / voting / comment / reply / forward
5.2.1 posting
After landing account, click the "submit a story" next to the avatar in the upper right corner can start writing posts.
Editing mode editor mode and markdown mode, the former is a simple text editor, which can insert links, pictures and richer text editing effects, visual better.
The latter is recommended.

Need to emphasize two points when posting:
The first is the bottom of the edit box is "tag" is the label, to put it plainly is that you are the subject of this post is what the key words, so that other people are more likely to find relevant content to find you.
Label no more than 5, the first is the most important, the words between the tags separated by a space.

The second is to have a "rewards" in the bottom right corner of the edit page, which means that if this post is rewarded, what currency do you want to get? By default, "50%, 50%" means half of sp and sbd;
The first option powering up100% means all sp; the third option is not to pay.
Proposed acquiescence enough.

If you post a post, I feel pretty well written, should be a lot of people like praise, can have a look, this topic already has a lot of posts, and want their posts top how to do?
steem is very caring for a promote function, you can click on yourself or others in the lower right corner of the body of the message "promote" button, sbd purchase location, if the price is high enough, you can limit the promoted under the home tab.
Feels like a PPC.

5.2.2 Voting / Comment / Forwarding / Denying
When you browse the post, each post has a circle in the bottom left corner of the arrow up symbol, "upvote" (vote, like praise, top! Almost meaning it);
Next to the right there is a number next to the arrow indicating how many votes the post has received; to the right is the comment, click here to open the text, with a "reply" button in the lower right corner, click to reply,
Discuss
Continue to the right is "resteem", I understand the similar forwarding, you send, your fans can see this post.
If you want to give people a negative vote, you need to open a post here. There is a flag in the upper right corner. Click it.
However, please be cautious, hard-hitting, unless the other party is indeed bad.

5.2.3 attention
If you see a post that is valuable and you want to keep an eye on the author, click the author's name below the body title and click "follow".

5.3 wallet
Click on the upper right corner of your own picture, pop-up menu, there is a "wallet" wallet.
After entering you can see there are five balances, namely:
(1) steem: the number to the right is the balance, and the arrow next to the number has several options for action: you can send steem to others, send to saving savings account, change to sp, buy to exchange, exchange to exchange
Sell; deal in the internal market.
(2) steem power: There are two rows of numbers on the right, the above is the balance, the following brackets inside the sp giving the novice number.
The two operations are: to steem (need 13 weeks time); buy from an external exchange.
(3) steem dollars: you can transfer to others; go to saving; steem on the exchange; steem directly; trades on an external exchange.
(4) saving: You can choose to withdraw the money deposited into the account, but it takes about 3 days to withdraw cash.
(5) the total balance of the account.

The steem ecosystem is rapidly iterating, evolving, and continually upgrading (which has now been upgraded to version 19, the 20th edition has been put on the agenda), some of which may be adjusted (and even larger)
), I will try my best to keep up-to-date with the latest content and, to the best of my ability, 100% accurate and up-to-date updates are not guaranteed.
But precisely because of the ever-changing world of the blockchain, we are so excited and looking forward to it, are not we?