Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.028USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
5.007SP
├── Own SP
0.629SP
└── Incoming Deleg
+4.379SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.629SP
Delegated Out
0.000SP
Delegation In
4.379SP
Effective Power
5.007SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1022.431275 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7121.228531 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namecubehead
id757337
rank233,410
reputation24036114
created2018-02-12T02:49:45
recovery_accountsteem
proxyNone
post_count1
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-02-14T20:33:57
last_root_post2018-02-14T20:33:57
last_vote_time2018-02-14T21:26:48
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1022.431275 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7121.228531 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 757337,
  "name": "cubehead",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8f44tk6ghiGTi7dqR5hEjAzbSg4YQQUQQdFLXUqoBiw2VRnz8N",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM71K6yv1PYWNXgy4ec4R9NkZrEhUxmkEY35LTRPTA5QW5tBahXx",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM4v6uSHjxvr59QR88jWraHey4tS8fsk88Wi7tkRT1w8NXWiuLKf",
        1
      ]
    ]
  },
  "memo_key": "STM6ZyUKg59qgJvDa2ryda9t92WrabRSR4FLDTwKawr1aeozHVoLz",
  "json_metadata": "",
  "posting_json_metadata": "",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2018-02-12T02:49:45",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 1,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779059073
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779059073
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "1022.431275 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7121.228531 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-02-14T20:33:57",
  "last_root_post": "2018-02-14T20:33:57",
  "last_vote_time": "2018-02-14T21:26:48",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 24036114,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 233410
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.379 SP to @cubehead
2026/05/17 23:04:33
delegatorsteem
delegateecubehead
vesting shares7121.228531 VESTS
Transaction InfoBlock #106142042/Trx 7fbec1c353fea81745ad8dee2edfcbb155e8d34d
View Raw JSON Data
{
  "trx_id": "7fbec1c353fea81745ad8dee2edfcbb155e8d34d",
  "block": 106142042,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T23:04:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "7121.228531 VESTS"
    }
  ]
}
steemdelegated 2.711 SP to @cubehead
2026/05/11 23:06:30
delegatorsteem
delegateecubehead
vesting shares4409.018126 VESTS
Transaction InfoBlock #105970045/Trx 7c0757bbb268ab678bd11a1bf36f1aed8c7176e5
View Raw JSON Data
{
  "trx_id": "7c0757bbb268ab678bd11a1bf36f1aed8c7176e5",
  "block": 105970045,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-11T23:06:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "4409.018126 VESTS"
    }
  ]
}
steemdelegated 4.386 SP to @cubehead
2026/04/25 22:27:27
delegatorsteem
delegateecubehead
vesting shares7133.744287 VESTS
Transaction InfoBlock #105509729/Trx b4c46af356afcbe4e5b27a2e0a2303aecf777090
View Raw JSON Data
{
  "trx_id": "b4c46af356afcbe4e5b27a2e0a2303aecf777090",
  "block": 105509729,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T22:27:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "7133.744287 VESTS"
    }
  ]
}
steemdelegated 2.737 SP to @cubehead
2026/01/23 04:39:45
delegatorsteem
delegateecubehead
vesting shares4450.564945 VESTS
Transaction InfoBlock #102848051/Trx 500c7448cc3ee29a013e43b6cba9a33a64983b2f
View Raw JSON Data
{
  "trx_id": "500c7448cc3ee29a013e43b6cba9a33a64983b2f",
  "block": 102848051,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T04:39:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "4450.564945 VESTS"
    }
  ]
}
steemdelegated 2.838 SP to @cubehead
2024/12/16 23:59:00
delegatorsteem
delegateecubehead
vesting shares4614.784142 VESTS
Transaction InfoBlock #91294460/Trx fe0e71baa5f8345fbf3725c92bc4d1e5884eb2c5
View Raw JSON Data
{
  "trx_id": "fe0e71baa5f8345fbf3725c92bc4d1e5884eb2c5",
  "block": 91294460,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-16T23:59:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "4614.784142 VESTS"
    }
  ]
}
steemdelegated 2.942 SP to @cubehead
2023/11/13 15:43:18
delegatorsteem
delegateecubehead
vesting shares4783.917674 VESTS
Transaction InfoBlock #79848702/Trx 1936d196c62732b07df7475b8d8f679c2d322eb1
View Raw JSON Data
{
  "trx_id": "1936d196c62732b07df7475b8d8f679c2d322eb1",
  "block": 79848702,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T15:43:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "4783.917674 VESTS"
    }
  ]
}
steemdelegated 4.748 SP to @cubehead
2023/09/21 20:27:09
delegatorsteem
delegateecubehead
vesting shares7721.196460 VESTS
Transaction InfoBlock #78346182/Trx 2ec7af10caed1fed05e4463ede2a2375f71e81c7
View Raw JSON Data
{
  "trx_id": "2ec7af10caed1fed05e4463ede2a2375f71e81c7",
  "block": 78346182,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T20:27:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "7721.196460 VESTS"
    }
  ]
}
steemdelegated 4.884 SP to @cubehead
2022/11/03 10:25:06
delegatorsteem
delegateecubehead
vesting shares7942.877898 VESTS
Transaction InfoBlock #69111727/Trx 3a5a213689455b4df0d498f6d78a892b6da8a768
View Raw JSON Data
{
  "trx_id": "3a5a213689455b4df0d498f6d78a892b6da8a768",
  "block": 69111727,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T10:25:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "7942.877898 VESTS"
    }
  ]
}
steemdelegated 5.020 SP to @cubehead
2022/01/17 09:47:21
delegatorsteem
delegateecubehead
vesting shares8163.411129 VESTS
Transaction InfoBlock #60808021/Trx 21aa34047d01c9e0e37aaf985ffdd44a4cc5ea50
View Raw JSON Data
{
  "trx_id": "21aa34047d01c9e0e37aaf985ffdd44a4cc5ea50",
  "block": 60808021,
  "trx_in_block": 41,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T09:47:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8163.411129 VESTS"
    }
  ]
}
steemdelegated 5.133 SP to @cubehead
2021/06/13 23:45:21
delegatorsteem
delegateecubehead
vesting shares8347.179787 VESTS
Transaction InfoBlock #54606468/Trx 54829dc293b535747b1c08d1beca153162092a04
View Raw JSON Data
{
  "trx_id": "54829dc293b535747b1c08d1beca153162092a04",
  "block": 54606468,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-13T23:45:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8347.179787 VESTS"
    }
  ]
}
steemdelegated 5.248 SP to @cubehead
2020/12/11 10:05:57
delegatorsteem
delegateecubehead
vesting shares8534.601761 VESTS
Transaction InfoBlock #49353970/Trx b0fc831e8bbad173fbc40fa0e6bd69b973823dc4
View Raw JSON Data
{
  "trx_id": "b0fc831e8bbad173fbc40fa0e6bd69b973823dc4",
  "block": 49353970,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T10:05:57",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8534.601761 VESTS"
    }
  ]
}
steemdelegated 1.176 SP to @cubehead
2020/12/06 03:43:03
delegatorsteem
delegateecubehead
vesting shares1912.543513 VESTS
Transaction InfoBlock #49205534/Trx ba6e2472a21437092ffd7d028cc2ca8247a79e5f
View Raw JSON Data
{
  "trx_id": "ba6e2472a21437092ffd7d028cc2ca8247a79e5f",
  "block": 49205534,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T03:43:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.252 SP to @cubehead
2020/12/05 11:40:21
delegatorsteem
delegateecubehead
vesting shares8540.968400 VESTS
Transaction InfoBlock #49186642/Trx 06779dd70b3095861e03a18233ce7dd078024d85
View Raw JSON Data
{
  "trx_id": "06779dd70b3095861e03a18233ce7dd078024d85",
  "block": 49186642,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T11:40:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8540.968400 VESTS"
    }
  ]
}
steemdelegated 1.181 SP to @cubehead
2020/11/02 13:20:51
delegatorsteem
delegateecubehead
vesting shares1920.017158 VESTS
Transaction InfoBlock #48255108/Trx b75c386bf4aef2a1ef2efce247da007061c9dce9
View Raw JSON Data
{
  "trx_id": "b75c386bf4aef2a1ef2efce247da007061c9dce9",
  "block": 48255108,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-02T13:20:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.376 SP to @cubehead
2020/05/09 04:39:21
delegatorsteem
delegateecubehead
vesting shares8743.614974 VESTS
Transaction InfoBlock #43215768/Trx 349d5789f2bd2f24626660be229d5168a0e44c5c
View Raw JSON Data
{
  "trx_id": "349d5789f2bd2f24626660be229d5168a0e44c5c",
  "block": 43215768,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T04:39:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8743.614974 VESTS"
    }
  ]
}
steemdelegated 1.201 SP to @cubehead
2020/05/08 08:05:54
delegatorsteem
delegateecubehead
vesting shares1953.311140 VESTS
Transaction InfoBlock #43191675/Trx ca2dd14372e02ddc51b7e01637c0fe9c01492543
View Raw JSON Data
{
  "trx_id": "ca2dd14372e02ddc51b7e01637c0fe9c01492543",
  "block": 43191675,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T08:05:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.384 SP to @cubehead
2020/04/16 00:05:57
delegatorsteem
delegateecubehead
vesting shares8756.502422 VESTS
Transaction InfoBlock #42565444/Trx 35f22b1282799000b373f31dc2adf9c979836df5
View Raw JSON Data
{
  "trx_id": "35f22b1282799000b373f31dc2adf9c979836df5",
  "block": 42565444,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-16T00:05:57",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "cubehead",
      "vesting_shares": "8756.502422 VESTS"
    }
  ]
}
2020/02/12 04:47:33
parent authorcubehead
parent permlinkhow-to-explain-cryptocurrencies-to-your-grandma
authorsteemitboard
permlinksteemitboard-notify-cubehead-20200212t044732000z
title
bodyCongratulations @cubehead! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cubehead/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cubehead) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cubehead)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #40745242/Trx bc43464ce922e8cf2768235a4d7067fe8134be81
View Raw JSON Data
{
  "trx_id": "bc43464ce922e8cf2768235a4d7067fe8134be81",
  "block": 40745242,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-02-12T04:47:33",
  "op": [
    "comment",
    {
      "parent_author": "cubehead",
      "parent_permlink": "how-to-explain-cryptocurrencies-to-your-grandma",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-cubehead-20200212t044732000z",
      "title": "",
      "body": "Congratulations @cubehead! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cubehead/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cubehead) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cubehead)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 5.505 SP to @cubehead
2019/05/12 17:10:24
delegatorsteem
delegateecubehead
vesting shares8952.119235 VESTS
Transaction InfoBlock #32848211/Trx 3b6a3b10db1b611f912a200c67325b6fb341bbb7
View Raw JSON Data
{
  "trx_id": "3b6a3b10db1b611f912a200c67325b6fb341bbb7",
  "block": 32848211,
  "trx_in_block": 14,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-12T17:10:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
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2019/02/12 03:51:36
parent authorcubehead
parent permlinkhow-to-explain-cryptocurrencies-to-your-grandma
authorsteemitboard
permlinksteemitboard-notify-cubehead-20190212t035135000z
title
bodyCongratulations @cubehead! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cubehead/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@cubehead)_</sub> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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steemdelegated 5.627 SP to @cubehead
2018/05/17 02:12:42
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2018/03/24 09:33:42
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2018/02/17 00:34:15
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2018/02/15 00:20:33
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2018/02/15 00:20:30
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2018/02/15 00:20:30
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2018/02/14 21:26:48
votercubehead
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permlinkhow-to-explain-cryptocurrencies-to-your-grandma
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2018/02/14 20:33:57
parent author
parent permlinkcrypto
authorcubehead
permlinkhow-to-explain-cryptocurrencies-to-your-grandma
titleHow to explain Cryptocurrencies to your Grandma
body*//a extremely simplified way of explaining crypto to somebody who doesn't yet get it. My purpose is not a precise and exact explanation, but an over-simplified one, to make it easy to understand quickly and answer the most common questions. Enjoy!* **Most people use alternative currencies already!** It’s common in our day to day life to use alternative currencies. Think about the time you exchanged your Frequent Flyer Miles for a discount on your plane ticket, or when you got enough stickers or points in your supermarket fidelity program to exchange it for products. That was a medium of exchange created by private organizations, to be used for a specific purpose. They were not created by the government. Now let’s imagine a hypothetical scenario, where Joe is a person who has earned many Frequent Flyer Miles and is going to become a new parent soon. He’s not interested in flying now, his whole mind is focused on being ready for when the baby comes, and as such, he needs to go to the supermarket soon to get nappies and a stroller. Now, on the other side of the country lives Barbara who has a two-year-old. Over the past few years she has accumulated a vast amount of points on her supermarket fidelity card due to the impressive number of nappies bought over the last few years. The value in these points is that they can be exchanged for discounted nappies. However, her toddler is no longer using nappies so the value in her points is lost. What she currently wants is to take her toddler on a holiday outside of the country. It would be safe to guess that they would happily do an exchange of the type of currency they own, for the currency they currently need. Now let’s move to cryptocurrencies. These are a way to quickly and cheaply create alternative currencies for a specific purpose and distribute them easily in a secure way. Also, it’s a way to make them easy to trade over the internet. There are different markets where people sell what they have in exchange for what they need. Cryptos also provide several advantages that we will talk about later. **Exchanging value** Anybody on the planet can create a coin, and anybody on the planet can recieve it. It’s like having a system where everybody (for free) can have a bank account to send and receive different coins. But how does a coin get actual value? Its defined by what can you do with it. The coin is as valuable as the price that people are willing to pay for it. Most coins are created with a specific purpose in mind. For example, if you are a good writer, a digital newspaper can pay you in NewspaperCoins if you write articles. Those newspaper coins can be used inside that platform for different benefits (such as a way of payment for customers to get access to the articles or VIP services) so other people could be interested in buying them from you. In another example, if you have a computer that you don’t use a lot, you can sell its spare storage and processing power and people can pay you in ComputerCoins. Then you could sell them or exchange them for something else you need, like NewspaperCoins. The amount of money that NewspaperCoins and ComputerCoins are worth is only determined by the price agreement between a person who wants to buy and a person who currently owns it and wants to sell. **Starting a business (Or what is an Initial Coin Offering?)** Another great use would be for starting a new business. There are many people with great ideas that don’t have the funds to start. That person can use cryptocoins to ask for funds in exchange for some future benefit he will offer. That benefit will be represented in a coin he creates. So, that coin is a promise to fulfill a “contract”. To make it simpler, lets imagine Carlos wanting to start a new bakery business. He doesn’t currently have the money to start, so he decides to ask for funds, and he creates a website for this regard. He decides to use cryptocurrencies to fund his business. He creates his own coin that he will call “BakeryCoin”, and the agreement will be that all 50% of all the profits his bakery will make will be distributed proportionally to every person who holds a BakeryCoin. So, in this case, every coin created by Carlos is actually a contract for him to fulfill in the future to share his profits. At the beginning people holding coins will receive a small amount of profits but as business gets bigger, they will receive more money. As such, a BakeryCoin will get more valuable as time goes on and people who hold it will be able to sell it or exchange it for some other coin at a better rate. **So, what’s a cryptocurrency?** A cryptocurrency is a token that can represent anything his creator intended and has monetary value determined by desirability defined by the buyers and sellers (the market) by the services or goods it can provide. A cryptocurrency can be created by anybody and given or sold easily to another person anywhere on the planet. It doesn’t rely on a central authority (like a bank, a government, or a private institution) but on the people who hold the coins. As such cryptocurrencies live by the rules of which they were created and by supply and demand. Every coin created has rules from its inception (written in the code) such as: • How will new coins be created? (or are they all already created) • What’s the maximum supply of coins that will ever exist? (Or are they infinite) • What’s the unique value that it can provide? What can it be used for? • Etc. **So, let’s talk about bitcoin.** As the most popular (and the first) crypto currency created Bitcoin is used as a “universal” coin. It’s the most widely used medium of exchange for other coins. So, for example if you hold BakeryCoins and want to exchange them to ComputerCoins then it’s going to become time consuming to: 1. Find somebody who would have the same type of coins you need 2. Who is willing to sell 3. Will have the right amount you need. 4. Will want the same amount or type of coins you have. 5. For the right price You could either wait to find an exact match or it would be much easier and quicker to transform it to something universal and neutral. Something that can be easily transformed into something else. Bitcoin is that road that connects the different currencies (even from/to “normal” cash like US dollars) Where does bitcoin get its valuation from? The same way as people could find value in buying NewspaperCoins to read the articles somebody else wrote, people find Bitcoin highly valuable because it allows them to 1. As it is the most famous crypto currency, and widely known, it’s easier to find somebody that is willing to accept it in exchange for goods and services as a Universal currency in the “real” world. 2. Quickly exchange from one type to another type of cryptocoins (as there are a lot of services available for this) 3. Quickly exchange from cryptocoins to “normal”currency (as there are a lot of services available for this) It serves a well-defined purpose. Because supply is limited (there are only a limited number of bitcoins that have and ever will be created), and because demand for the services it provides keeps growing as more and more people want to participate in the crypo ecosystem, price will probably keep increasing in the future. That’s why people usually buy it to hold it so it can be sold at a profit as the price increases.
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      "permlink": "how-to-explain-cryptocurrencies-to-your-grandma",
      "title": "How to explain Cryptocurrencies to your Grandma",
      "body": "*//a extremely simplified way of explaining crypto to somebody who doesn't yet get it. My purpose is not a precise and exact explanation, but an over-simplified one, to make it easy to understand quickly and answer the most common questions. Enjoy!* \n\n**Most people use alternative currencies already!**\n\nIt’s common in our day to day life to use alternative currencies. Think about the time you exchanged your Frequent Flyer Miles for a discount on your plane ticket, or when you got enough stickers or points in your supermarket fidelity program to exchange it for products. That was a medium of exchange created by private organizations, to be used for a specific purpose. They were not created by the government.\nNow let’s imagine a hypothetical scenario, where Joe is a person who has earned many Frequent Flyer Miles and is going to become a new parent soon. He’s not interested in flying now, his whole mind is focused on being ready for when the baby comes, and as such, he needs to go to the supermarket soon to get nappies and a stroller.\nNow, on the other side of the country lives Barbara who has a two-year-old. Over the past few years she has accumulated a vast amount of points on her supermarket fidelity card due to the impressive number of nappies bought over the last few years. The value in these points is that they can be exchanged for discounted nappies. However, her toddler is no longer using nappies so the value in her points is lost. What she currently wants is to take her toddler on a holiday outside of the country.\nIt would be safe to guess that they would happily do an exchange of the type of currency they own, for the currency they currently need. \nNow let’s move to cryptocurrencies. These are a way to quickly and cheaply create alternative currencies for a specific purpose and distribute them easily in a secure way. Also, it’s a way to make them easy to trade over the internet. There are different markets where people sell what they have in exchange for what they need. Cryptos also provide several advantages that we will talk about later.\n\n\n**Exchanging value**\n\nAnybody on the planet can create a coin, and anybody on the planet can recieve it. It’s like having a system where everybody (for free) can have a bank account to send and receive different coins. But how does a coin get actual value? Its defined by what can you do with it. The coin is as valuable as the price that people are willing to pay for it.\nMost coins are created with a specific purpose in mind. For example, if you are a good writer, a digital newspaper can pay you in NewspaperCoins if you write articles. Those newspaper coins can be used inside that platform for different benefits (such as a way of payment for customers to get access to the articles or VIP services) so other people could be interested in buying them from you. \nIn another example, if you have a computer that you don’t use a lot, you can sell its spare storage and processing power and people can pay you in ComputerCoins. Then you could sell them or exchange them for something else you need, like NewspaperCoins. \nThe amount of money that NewspaperCoins and ComputerCoins are worth is only determined by the price agreement between a person who wants to buy and a person who currently owns it and wants to sell. \n\n**Starting a business (Or what is an Initial Coin Offering?)**\n\nAnother great use would be for starting a new business. There are many people with great ideas that don’t have the funds to start. That person can use cryptocoins to ask for funds in exchange for some future benefit he will offer. That benefit will be represented in a coin he creates. So, that coin is a promise to fulfill a “contract”.\nTo make it simpler, lets imagine Carlos wanting to start a new bakery business. He doesn’t currently have the money to start, so he decides to ask for funds, and he creates a website for this regard. He decides to use cryptocurrencies to fund his business.\nHe creates his own coin that he will call “BakeryCoin”, and the agreement will be that all 50% of all the profits his bakery will make will be distributed proportionally to every person who holds a BakeryCoin.\nSo, in this case, every coin created by Carlos is actually a contract for him to fulfill in the future to share his profits. At the beginning people holding coins will receive a small amount of profits but as business gets bigger, they will receive more money.\nAs such, a BakeryCoin will get more valuable as time goes on and people who hold it will be able to sell it or exchange it for some other coin at a better rate.\n\n**So, what’s a cryptocurrency?**\n\nA cryptocurrency is a token that can represent anything his creator intended and has monetary value determined by desirability defined by the buyers and sellers (the market) by the services or goods it can provide. A cryptocurrency can be created by anybody and given or sold easily to another person anywhere on the planet. It doesn’t rely on a central authority (like a bank, a government, or a private institution) but on the people who hold the coins. As such cryptocurrencies live by the rules of which they were created and by supply and demand.\nEvery coin created has rules from its inception (written in the code) such as:\n•\tHow will new coins be created? (or are they all already created)\n•\tWhat’s the maximum supply of coins that will ever exist? (Or are they infinite)\n•\tWhat’s the unique value that it can provide? What can it be used for?\n•\tEtc.\n\n\n**So, let’s talk about bitcoin.**\n\nAs the most popular (and the first) crypto currency created Bitcoin is used as a “universal” coin. It’s the most widely used medium of exchange for other coins. So, for example if you hold BakeryCoins and want to exchange them to ComputerCoins then it’s going to become time consuming to:\n1.\tFind somebody who would have the same type of coins you need\n2.\tWho is willing to sell\n3.\tWill have the right amount you need.\n4.\tWill want the same amount or type of coins you have.\n5.\tFor the right price\nYou could either wait to find an exact match or it would be much easier and quicker to transform it to something universal and neutral. Something that can be easily transformed into something else.  Bitcoin is that road that connects the different currencies (even from/to “normal” cash like US dollars)\nWhere does bitcoin get its valuation from?\n\nThe same way as people could find value in buying NewspaperCoins to read the articles somebody else wrote, people find Bitcoin highly valuable because it allows them to\n1.\tAs it is the most famous crypto currency, and widely known, it’s easier to find somebody that is willing to accept it in exchange for goods and services as a Universal currency in the “real” world. \n2.\tQuickly exchange from one type to another type of cryptocoins (as there are a lot of services available for this)\n3.\tQuickly exchange from cryptocoins to “normal”currency (as there are a lot of services available for this)\nIt serves a well-defined purpose. Because supply is limited (there are only a limited number of bitcoins that have and ever will be created), and because demand for the services it provides keeps growing as more and more people want to participate in the crypo ecosystem, price will probably keep increasing in the future. That’s why people usually buy it to hold it so it can be sold at a profit as the price increases.",
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steemcreated a new account: @cubehead
2018/02/12 02:49:45
fee0.500 STEEM
delegation29700.000000 VESTS
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Witness Votes

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[]