Steemit.com: Blogging is the new Mining

[seedtrue]

but anyway coin has no investment value (yes, i read whitepaper )
if someone is mining they have dump immediately, coz they loosing fast  as zimbabwe's dollars

This is wrong twice.

First of all, miners can't dump. The mined coins (Steem Power) are locked for up to 2 years.

Second, Steem Power doesn't suffer the same high inflation as unlocked coins (Steem).

Nevertheless everyone should make up their own mind about mining and/or investment value. It may be a bad idea after all.

o post 3posts in 3days and result, for example 1 post created 3days ago has 5votes, earned 0.01$ (pending payout)
and just looked in "created" one post created 6mins ago and have 5votes and 303$ (pending payout)

Voting is stake-weighted (aka Steem Power). If you have hardly any stake then your votes aren't worth much. If you want more influence then you have to buy (or later earn) Steem Power.

Right now this means voting is dominated by whales. But that will change rapidly starting July 4 when the rewards start paying out. People who post or comment and get a lot of upvotes will then receive large payouts in Steem Power, regardless of their existing stake and without having to buy it. They will then start having a major influence in voting.

The idea is to automatically redistribute voting power out to the most productive and respected participants. Once there are a lot more people with big chunks of Steem Power than you won't be reliant on a small number of whales to get good upvotes; there will be many others who can do so as well.

what makes you think that there will be "large" payouts?

Here is a post with statistics. It is a week old and in the past week new user signups and posts have really taken off.

https://steemit.com/steem/@dantheman/current-payout-distributions

An equal amount of Steem Power will be distributed to posters along with the Steem Dollars. Of the people on the leaderboard, only @dantheman and @dan are steemit insiders (both are accounts of Dan Larimier, the CTO and lead dev). The rest are community members.

    $434,000 Steem Dollars would be created
    444 accounts would receive some Steem Dollars
    Average payout would be $977
    Median Payout would be $95
    10 accounts would receive more than $10,000
    89 accounts would receive more than $1000
    290 accounts would receive more than $10
    350 accounts would receive at least $1

Leader Board

    @blocktrades $17,463
    @nextgencrypto $16,450
    @services $16,120.97
    @cryptoctopus $14183
    @dantheman $12,288
    @dan $11,303
    @tuck-fheman $10,871
    @rollin $10,789

It will be interesting to see the price of steem after the July 4th distribution. I am guessing at first it will take a pretty big dive 

[smooth]

It will be interesting to see the price of steem after the July 4th distribution. I am guessing at first it will take a pretty big dive 

It may (in fact it seems to be taking a pretty big dive already), but the economics of Steem are pretty complicated. One thing to keep in mind is that none of the above rewards are paid in Steem. They are paid in tokens that can be converted to Steem, but only in specific ways. Steem Dollars are going to pay interest too, so some may hold on to it. Others certainly won't. It will be interesting to see.

[nickhiggins123]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

[Pheonike]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

Wow, that's some next level trolling. Going back 6 years to find something.

[pharesim]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

You should learn to read. The bounty was initiated by bm, the video was created by Justmoon (https://bitcointalk.org/index.php?topic=697.msg70001#msg70001)
And where is it crappy? You surely could've done better. Too bad the video was already around since four years when you joined here.

[kuperis]

i did created 3 accounts, in everyone posts with different topics,
getting 5-9 upvotes each (i dont vote from other accounts)
and every account has not more than 0.10$ pending payout, every account has 10-20posts total..in few days
and still nothing... i know some not very valuable posts, but some really not bad, at least not worst than most who gets 300-1000$ in pending payouts some of them even first 10mins.

im not trying to troll, but every day... that steemit.com project looks more like big scam, not a real... i there big concetration of accounts who bought steem power and now voting for them selves , from one account to another an so on..

first a was really exited about this project, but now...

his not gonna work, at least for those who bought steem and locked up for 2years

[smooth]

i did created 3 accounts, in everyone posts with different topics,
getting 5-9 upvotes each (i dont vote from other accounts)
and every account has not more than 0.10$ pending payout, every account has 10-20posts total..in few days
and still nothing... i know some not very valuable posts, but some really not bad, at least not worst than most who gets 300-1000$ in pending payouts some of them even first 10mins.

im not trying to troll, but every day... that steemit.com project looks more like big scam, not a real... i there big concetration of accounts who bought steem power and now voting for them selves , from one account to another an so on..

first a was really exited about this project, but now...

his not gonna work, at least for those who bought steem and locked up for 2years

You may be right, but I'd say wait until after July 4 to assess. That's when the system for recirculating voting power starts.

[Pheonike]

i did created 3 accounts, in everyone posts with different topics,
getting 5-9 upvotes each (i dont vote from other accounts)
and every account has not more than 0.10$ pending payout, every account has 10-20posts total..in few days
and still nothing... i know some not very valuable posts, but some really not bad, at least not worst than most who gets 300-1000$ in pending payouts some of them even first 10mins.

im not trying to troll, but every day... that steemit.com project looks more like big scam, not a real... i there big concetration of accounts who bought steem power and now voting for them selves , from one account to another an so on..

first a was really exited about this project, but now...

his not gonna work, at least for those who bought steem and locked up for 2years

Just because you post something does not mean everyone will automatically vote for you. What are the post about? Are they just links content on other sites? What categories are they in? Did you you tag them properly for the content in them?

Yes there are a few whales on there, but as more an more people join the voting influence will start to even out.  Don't for get, you can earn more by spoting good content early and voting on it too.

[marcous]

such sad ending, will some1 TO this or just let it die..

[seedtrue]

such sad ending, will some1 TO this or just let it die..

I don't understand your post. What are you talking about?

[nickhiggins123]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

You should learn to read. The bounty was initiated by bm, the video was created by Justmoon (https://bitcointalk.org/index.php?topic=697.msg70001#msg70001)
And where is it crappy? You surely could've done better. Too bad the video was already around since four years when you joined here.

That link you posted literally says nothing rofl, what is that garbage?

The video sucked man. Whatever happened to all that bitcoin lol.

[pharesim]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

You should learn to read. The bounty was initiated by bm, the video was created by Justmoon (https://bitcointalk.org/index.php?topic=697.msg70001#msg70001)
And where is it crappy? You surely could've done better. Too bad the video was already around since four years when you joined here.

That link you posted literally says nothing rofl, what is that garbage?

The video sucked man. Whatever happened to all that bitcoin lol.

I need to repeat: learn to read, don't give yourself up!
Look at the bottom of the post I linked. Getting clearer? No? Okay, I'll solve it for you, but that's the last time I'll hold your hand:
That's the guy who made the video and claimed the bounty. You should ask him if you care so much what he did with his 2000$ in 2011.

[favdesu]

Bytemaster, What did you ever do with your 14k btc for your crappy youtube video?

https://bitcointalk.org/index.php?topic=697.0

You should learn to read. The bounty was initiated by bm, the video was created by Justmoon (https://bitcointalk.org/index.php?topic=697.msg70001#msg70001)
And where is it crappy? You surely could've done better. Too bad the video was already around since four years when you joined here.

That link you posted literally says nothing rofl, what is that garbage?

The video sucked man. Whatever happened to all that bitcoin lol.

I need to repeat: learn to read, don't give yourself up!
Look at the bottom of the post I linked. Getting clearer? No? Okay, I'll solve it for you, but that's the last time I'll hold your hand:
That's the guy who made the video and claimed the bounty. You should ask him if you care so much what he did with his 2000$ in 2011.

don't bother, just hit ignore. keeps you sane on bitcointalk

[NextGenCrypto]

Additional information on Steemit.

[smooth]

First Steemit AMA starting in 6 minutes:

https://steemit.com/ama/@wmougayar/hi-im-william-mougayar-from-toronto-canada

[pharesim]

don't bother, just hit ignore. keeps you sane on bitcointalk

I actually enjoy playing with trolls. I only enter the spam pit when prepared accordingly.

[Tradingriver]

if you plan to buy STEEM directly on exchanges i would advice you to watch carefully how the marketvalue is rising for weeks.

everyday more STEEM are accounted on coinmarketcaps to inflate the marketcap.

for the average joy this is to complicated to get of the ground.

so think twice!

[chryspano]

if you plan to buy STEEM directly on exchanges i would advice you to watch carefully how the marketvalue is rising for weeks.

everyday more STEEM are accounted on coinmarketcaps to inflate the marketcap.

for the average joy this is to complicated to get of the ground.

so think twice!

Think twice when you read clueless posts like this one.

It's true that STEEM has high inflation and you should POWER UP if you want to be protected from inflation, buying and leaving your STEEM at exchanges for extended periods of time is not reccomended.

Low liquidity is something you must take in to account at this point, you can only buy small ammounts or the price will rise, everyone powers up and very few people are selling.

But there is no need to buy anything, just create an account in https://steemit.com/ get your free $3 STEEM and try out STEEM yourselves! earn more STEEM just by posting and upvoting good content, just indroducing yourself https://steemit.com/hot/introduceyourself can earn you some steem and steem dollars at this point. Try it out!

[Kato]

Can you publish on steem under a pseudonym instead of Facebook name? Having trouble changing this...

[pharesim]

Can you publish on steem under a pseudonym instead of Facebook name? Having trouble changing this...

An account cannot be renamed.
There are three ways to create another account directly, all require some use of a cli_wallet.
The register bot requires 10 Steem and a public key to create the account with, you can get that either from steem cli_wallet or from an existing BTS account.
When you got a cli_wallet and 10 Steem, you can create the account yourself. Use 'help' to get a list of commands, gethelp <command> for a description of the parameters.

Or you mine the account yourself, here's a windows guide