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      "author": "steemitboard",
      "permlink": "steemitboard-notify-loke0046-20190731t162003000z",
      "title": "",
      "body": "Congratulations @loke0046! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@loke0046/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@loke0046) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=loke0046)_</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!",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-loke0046-20170731t160308000z",
      "title": "",
      "body": "Congratulations @loke0046! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@loke0046/birthday1.png)](http://steemitboard.com/@loke0046)  Happy Birthday - 1 Year on Steemit Happy Birthday - 1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\nFor more information about this award, click [here](https://steemit.com/steemitboard/@steemitboard/steemitboard-update-8-happy-birthday)\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "title": "",
      "body": "Source: https://cointelegraph.com/news/new-bitcoin-inspired-project-from-gavin-andresen-former-bitcoin-lead-developer\n\nNot indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://cointelegraph.com/news/new-bitcoin-inspired-project-from-gavin-andresen-former-bitcoin-lead-developer\",\"http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/\",\"https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained\"],\"app\":\"steemit/0.1\"}"
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      "body": "Source: https://medium.com/chain-cloud-company-blog/platforms-pt-2-there-is-no-free-money-on-steemit-and-golos-40152d418723\n\nNot indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "permlink": "re-martinst-re-loke0046-there-is-no-free-money-on-steemit-20170608t070254055z",
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      "body": "no problem :)",
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      "author": "martinst",
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      "body": "Thank you, this was also question in my mind and I git the answer thanks to tis post! Have a nice day my friend! :)",
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      "body": "@@ -1,8 +1,97 @@\n+!%5B%5D(https://steemitimages.com/DQmXSR8BEmL9WQb8ZBgdRSPB7UcSF7Fofzop7g8Ajy727n8/image.png)%0A\n # There \n",
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      "parent_permlink": "steemit",
      "author": "loke0046",
      "permlink": "there-is-no-free-money-on-steemit",
      "title": "There is no FREE money on Steemit",
      "body": "# There is no FREE money on Steemit\n“The latest to hit the social scene is a platform called Steemit, who’s CEO Ned Scott, calls it an incentivized social media platform that pays its users with the digital currency Steem to post blogs on their favorite subjects” (see here).\nSome people are still asking me: Where do Steemit (and Golos.io) get money to pay for posts? I am here to clarify things and I will be very happy if you leave me a comment.\n(SPOILER) — Steemit has an Advertisement Business Model.\nAgenda:\n   * Steem is a technology built on top of a BitShares/Graphene blockchain.\n   * Steemit is a social network built on top of Steem technology.\n   * STEEM is a main cryptocurrency that is used by Steemit.\n\nPlease also notice that some rules have already been changed since the first version of Steem was released, for example:\n1) Due to community demand, on December 6th 2016 the inflation rate of Steem was changed to 9.5% per year, reducing it by 0.5% per year.\n\n2) The 2 years vesting period was changed to a 13-week period.\n\nIn this article I am mostly talking about the first release, but 95% of the information can still be applied to the current Steemit version.\n\n# Introduction\nIt’s been awhile since social networks have tried to motivate users by paying them some “money” (either real or not). Take a look, for example, at the Reddit’s try:\n\n*\"We are thinking about creating a cryptocurrency and making it exchangeable (backed) by those shares of Reddit, and then distributing the currency to the community. The investors have explicitly agreed to this in their investment terms.\"*\n\nAnd there were some others:\n\n*\"Paid-for-post platforms are not new. A few forerunner platforms are Tsū and Bubblews which are now defunct. Both business models rely on posters to contribute content and their revenue is from advertisement. Patreon is similar but works slightly differently. Patreon is a network with content creators and fans directly supporting their content via monthly payments or per creation. So this is a direct tipping model from fans to content creators.\"*\n\nAlso take a look at the Empire.Kred social network: Empire.Kred is designed to drive social media activity and interaction between the registered members. A player’s value increases, in part, as a result activity on social media sites and their own verified blogs and rss feeds. In addition, a player’s value increases through dividends paid-out by other members he or she has invested in. Thus, the social media activity of a player’s investments also contributes to his or her game wealth. It is in the player’s self-interest to follow, favorite, or otherwise contribute to the social media activity of those they invest in.\n\nBut let’s continue with Steemit!\n<h1>STEEM/Steem Power Currencies</h1>\n![](https://steemitimages.com/DQmR3T4qbAshDcAF4rprux36uwXrDBzE38gPpZqkR2MUgxk/image.png)\nSteemit features 3 internal currencies:\n  * STEEM — diluted each year by approx 100%\n  * Steem Power (SP) — vested for 2 years, diluted each year by approx 10%\n  * Steem Dollars (SD) — we omit this to simplify things\n\nHigh dilution rates motivate one to keep all money converted into SP. Steem Power is something that gives the content writer (but not the reader!) benefits. What are they? Let’s first discus how the Steemit platform works.\n# Key Steemit Features\n## 1 — Content is curated by the community\nThe content is curated by the community (Content Curators) and filtered to eliminate spam, porn and irrelevant information. Instead of having a special internal team of moderators or automatic spam discovery tools (like Facebook has), this is delegated to the community.\n*\"Economic incentives enabled by cryptocurrency can dramatically facilitate the growth of a new social media platform. It is the synergy between cryptocurrency and social media that we believe may give Steemit a powerful advantage in the market.\"*\n## 2 — The content creation is rewarded\n2 — The content creation is rewarded\n1. The content creator (article/comment) is rewarded with cryptocurrency (i.e. money) that can be exchanged into real USD or into “power” (i.e. rating/ranking in the community)\n\n2. The reward is calculated by using some weird formulas.\n“Any widespread abuse of the scoring system could cause community members to lose faith in the perceived fairness of the economic system”\n\n3. Reward is vested — this maximises the long-term value of the platform, i.e. reward is taking form of 50% SMD and 50% SP (that can’t be immediately withdrawn).\n## 3 — Influence (rating/ranking)\n1. The more “likes” you get, the more Steem Power you will have on your balance — the more influence you will have.\n\n2. STEEM can be bought freely on the cryptocurrency exchange. It means that you can buy yourself a good starting “influence”.\n\n3. Individuals who have contributed the most to the platform (as measured by their account balance), have the most influence over how contributions are scored.\n\n## 4 — Data is open and free\nAll data is open to the world — others can read and analyse it without using Steemit services. Of course, Steem’s blockchain system is mostly controlled by the Steemit company itself, but at least anyone can participate in decentralization and start his own node.\nThat is very different from other social networks approaches. There are different options:\n1. Facebook’s approach: Make all data private property of the ‘platform’\n\n2. Steemit’s approach: Make all data public and let it be ‘community property’\n\n3. Future’s approach: Keep all data on the user ‘side’ so user has full control and access to it.\n\n# Platform Users\nThese are the Steemit users:\n\n1. Content **creators/curators**\n2. Content **readers**\n3. Investors\n4. Founders\n5. 3rd-party analytics services\n6. 3rd-party frontends for Steem core\n7. 3rd-party applications built on top of the Steem core\n\n# Business Model\n*\"Cryptocurrency tipping platforms require users to give something up to reward others for their contributions. With Steem, rewarding others is as simple as voting for a post, such as you may do on Reddit, or as you would Like a posting on a Facebook.\"*\n\nThere are 5 typical social networks business models:\n\n1. Freemium: Flickr, Vimeo, LinkedIn\n\n2. Affiliate/lead-generation: Illuminated Mind, ShoeMoney\n\n3. This is a model in which a business makes money by driving traffic, leads, or sales to another, affiliated company’s website\n\n4. Subscriptions: Netflix\n\n5. Advertisement: MySpace, Facebook\n\n6. Micropayments (pay-per-read) model: Tsu\n\n**In Steemit internal currency is used to:**\n\n1. To **reward** good contents (because voting and reading are free!)\n\n2. To buy a **rating**. The more Steem Power some have — the more influence his posts make. Also, he gets more money from curation. As a result of having a big rating — posts get better visibility.\n\n3. To pay for **decentralization** of data — money are sent to witnesses and miners (blockchain nodes) for supporting the network.\n\n# Where does the money come from?\nSteemit’s intent is — *“Readers no longer have to decide whether or not they want to pay something from their pockets, instead they can vote content up or down and Steemit will use their votes to determine individual rewards”*. \nThat means voting is “free” for the voter.\nThe only source of money that is coming into the system is the money that other content writers invested in. That means that by upvoting some post you redistribute OTHER’s money (writers, not readers).\n<h1>Profit for investor?</h1>\n**Q1:** Ok, if I buy 1000 STEEM (for $200 dollars in the beginning) and just sit and wait for 2 year — what profit will i get?\n**A1:** In the long run you will lose your money. 1000 STEEM will cost $50 dollars after 2 years in the free market without speculations. However, that doesn’t mean that in the short term in the real market (with speculations) you can get huge profits.\n**Q2:** Ok, if I invest 1000 STEEM ($200 in the beginning) and convert it to Steem Power and then just sit and wait for 2 years — what will i get?\n**A2:** You will get back 4000 STEEMs back. But the value of this amount will be equal to $160, because of ~10% annual dilution. You loose $20 per each year.\n**Q3:** But if STEEMs are diluted (100% each year) and STEEM Power is diluted too (10% each year) and I lost my time (2 years minimum to get my money back) what do I get?\n**A3:** You get ability to vote (curate) and earn money by writing good contents.\n**Q4:** Does that mean that if I don’t write or curate i can not earn anything just by holding STEEM or STEEM Power in the long run?\n**A4:** Yes. If not taking into account short-term STEEM trading and market manipulation -> in the long run just holding STEEM or SP will let you loose your money.\n**Q5:** But where does money from curation content come from?\n**A5:** Other users are really “paying” you money that they are losing during inflation. It’s not very different from the model where they just “transfer 5 cents from their account to the content creator if they liked or upvoted posts” (micropayments model). But in reality it’s working like that: “transfer someone else’s 5 cents to content creator because i liked and upvoted your post”\n**Q6:** Ok. But as a content creator why would I invest my money, lose my time, and lose its value (20% in 2 years)?\n**A6:** Just imagine that you are paying 10% of your money for annual subscription just to be able to:\n\n    * Use the Steem social network (read, write, comment, upvote, downvote, etc)\n\n    * Receive a reward if your posts are popular.\n\n**Q7:** But does that mean that Steem is only for “writers”?\n**A7:** No. You can read for free (just don’t invest your money). But in order to earn some money by writing posts you have to invest first and pay annual “subscription fee”.\n\n<h1>Conclusion</h1>\nIf you thought that Reward money comes out of the air: no, it can’t be true. Each of Steem’s content writers pay some hidden “subscription fee”.\nSteem team said “no” to advertising and *“explicit pay per read”* or *“pay per vote”* (micropayments) models. But they said *“yes”* to *“losing 10% of your capital for the subscription fee. Earn only by generating new content or curation”*.\nFinally, what business model does Steemit have?\nYou can’t call it a *“hidden micropayment business model”* because readers not need to have any investment to read articles.\nThe correct answer is that it is an **“advertising business model”**. Steemit has no explicit ads, but you can imagine each post as a single advertisement. In order to attract attention or “sell the contents”, one should invest his money. If people like your post you will get your money back and even earn something. Other content creators will lose.",
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      "title": "New Bitcoin-Inspired Project From Gavin Andresen, Former Bitcoin Lead Developer",
      "body": "![](https://steemitimages.com/DQmahjPgWc4jCMqi3dFxZxfUHPdQpYuuukCKd7gD78UHhrc/image.png)\nCharles Dearing is a experienced technology journalist with over 15 many years of experience using words to go people to action. He has written for various magazines such as ProBlogger, Big Think, Apps World, to mention a few. You might hook up with him on Twitter.\n\nGavin Andresen, known as the previous lead builder of Bitcoin, has shattered his long silence on his Twitter bank account with the next tweet mentioning a recently available project that is recognized as the Random Sanity Job.\n![](https://steemitimages.com/DQmZMGn7oYDRXVfAcELiSGhoiTL9zFCvZMCoUEcLvabxhNU/image.png)\nSecurity breaches\nAs the Random Sanity Project's (RSP) main perspective is to secure the web by verifying resources of randomness that originates from different entities, Andresen also is designed to solve the issues that financial software systems like cryptocurrencies experience because of the insufficient available data on the web.\n\nAndresen also stated that he's well alert to the value of the security of cryptocurrencies like Bitcoin. After the security has been breached, people will eventually lose money that will bring about a whole lot of users responding violently. Andresen makes this promise as he has been monitoring Bitcoin and has witnessed a great deal of system problems which may have stemmed out, such as faulty data technology. Even the tiniest problem and small breaches like these have previously negatively influenced the complete Bitcoin community.\n\nSuch security breaches were observed in an occurrence in August 2013, where Bitcoin wallets managed on Android os became susceptible to security breaches. 2 yrs later, in-may 2015, there is another mistake in the Bitcoin finances system which induced a whole lot of Bitcoin traders to lose quite a lot of money. This is triggered by the arbitrary amount generator which provided inadequate data to be utilized with Android os's. This is actually the exact thing that the RSP task was created to address.\n\nAs the RSP is effective to Bitcoin, as it'll aid in stopping potential security breaches, it isn't straight associated with Bitcoin by any means. Rather, it can be an independent job for supporting digital economic systems.\n\nPosition of the RSP project\nAndresen was already focusing on this task for more than half a year and is continuously making progress. If the task is complete, Andresen says that he'd not need to make it into a revenue producing project. Somewhat, he would like to make it a free of charge system like Linux wherein you will see a sponsor behind it.\n\nVerification system\nThe RSP works as a confirmation system that will inform an individual whether arbitrary bytes are \"true\" or \"false.\" The machine does indeed that by deciding whether the quantities are arbitrary or not. If they're random, they are really labeled as \"true.\" That is an essential facet of how systems work their data because if bytes lose their randomness, the info could become invalid. You will discover, in truth, a great deal of factors that make a difference randomness such as software and system enhancements. Other factors include work from an authorized person or a breach.\n\nThe RSP aspires to check on for randomness in the bytes so that builders can prevent any disasters in the machine. This is good for a lot of individuals, especially those who package with buying digital currencies like Bitcoin.",
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      "title": "",
      "body": "@@ -562,13 +562,12 @@\n lers%3C/a%3E\n-.\n %3C/p%3E\n",
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      "author": "steemlove",
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      "title": "",
      "body": "Dear User known as @loke0046 \n Steemit has a BOT problem! Your Vote Counts... Maybe \n https://steemit.com/steemit/@weenis/bots-steemit-s-first-community-based-decision-on-bots-your-vote-counts-to-be-or-not-to-be-details-inside",
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      "author": "msjennifer",
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      "body": "Interesting post. Well done :)",
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      "title": "Steemit: The Blockchain-Based Media Community",
      "body": "@@ -672,10 +672,10 @@\n er $\n-3\n 5\n+2\n 0 mi\n",
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      "permlink": "re-isaacasimov-re-steemit-the-blockchain-based-media-community-20160805t171657-20160805t172042140z",
      "title": "",
      "body": "well shit",
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      "author": "msjennifer",
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      "title": "",
      "body": "Nice post!",
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      "author": "yandra86",
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      "title": "",
      "body": "Dear User known as @loke0046 \n Steemit has a BOT problem! Your Vote Counts... Maybe \n https://steemit.com/steemit/@weenis/bots-steemit-s-first-community-based-decision-on-bots-your-vote-counts-to-be-or-not-to-be-details-inside",
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      "author": "loke0046",
      "permlink": "steemit-the-blockchain-based-media-community",
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      "author": "chonesta",
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      "body": "Dear User known as @loke0046 \n Steemit has a BOT problem! Your Vote Counts... Maybe \n https://steemit.com/steemit/@weenis/bots-steemit-s-first-community-based-decision-on-bots-your-vote-counts-to-be-or-not-to-be-details-inside",
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      "author": "msjennifer",
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      "body": "Thanks for the post!!",
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      "title": "Flesch Kincaid Grade Level",
      "body": "Hi! This post has a <a href=\"https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests\">Flesch-Kincaid</a> grade level of 12.4 and reading ease of 59%. This puts the writing level on par with academic journals.",
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      "permlink": "steemit-the-blockchain-based-media-community",
      "title": "Steemit: The Blockchain-Based Media Community",
      "body": "# **Steemit: The Blockchain-Based Media Community**\nDo you weblog? Write articles or essays? Poetry? Journalism? At present there are a plethora of shops on the web to get your voice heard, many of with a view to even pay its freelance writers. Steemit takes the idea of getting paid to put in writing a step further by way of decentralizing and democratizing the procedure using blockchain technological know-how and its own inner digital forex, known as Steem. Seeing that its reputable beta launch a few weeks ago, Steemit has grown in neighborhood size and content, and the value of one Steem has risen to simply over $four, giving all Steem an mixture mark cap of over $350 million - which can be utilized to donate to Steemit's content providers as reward for a job well completed. \n\n## **Steemit**\nSteemit is a web-based neighborhood that rewards its customers for his or her efforts in generating and adding content. Users create an account with the platform, but there is no relevant database or server farm. As a substitute, the content exists over a distributed, decentralized network headquartered on blockchain technological know-how, the same science that powers digital currencies comparable to Bitcoin and intelligent contract structures like Ethereum.\n\nSteemit makes use of an algorithm to examine the worth of each user's contribution, the more most of the time a consumer contributes to the platform, the more their have an effect on grows. Users may also be curators, contributors or both; curators learn, remark on and vote for content and contributors create content, both usual or externally linked to. Steemit customers can write about most any matter, from mainstream to area of interest subjects. Authors receives a commission when persons like what they've written and upvote their publish.\n\nTo recap, Steemit differs from running a blog sites or forums corresponding to Medium or Reddit in that Steemit is decentralized, and that writers can get paid through the group in the type of Steem, the interior digitial currency of the Steemit blockchain.\n\n## **Steem**\nat the same time Steemit is the user group and content platform, Steem is the digital currency that powers and incentivizes the entire thing. Steem is available in three types. Steem itself is the digital foreign money that can be exchanged for greenbacks or Bitcoin on quite a lot of cryptocurrency exchanges (presently valued round $four per Steem). The quantity of Steem available is set to double yearly, making its provide progress exponential - a viable drag on its future value available in the market - but there is a trap in that each three 1/three years, there is a self-generated 10:1 reverse break up within the supply, resetting the process. For instance, if the whole money give where the following: (See also: Bitcoin Extends Rally)\n\n* year 0: 500 Steem\n* 12 months 1: one thousand Steem\n* 12 months 2: 2000 Steem\n* yr three: 4000 Steem\n* yr three.32: 5000 Steam (reverse split now happens, and the number of Steem goes again to 500 and the system begins far and wide again)\n\nSteem may also be changed into \"Steem vigor,\" which locks up their worth for a two-year period. In the course of this time, the Steem vigor on your account grows by way of a process known as staking, a approach for validating and confirming knowledge on the Steemit blockchain. There are additionally Steem bucks, which is a variation of Steem that is pegged in price to 1 USD.\n\nThis would all sound problematic, so right here is an excerpt from a Steem FAQ talking about 1. Steem, 2. Steem energy and 3. Steem bucks:\n\n1: Convert Steem again to USD and spend it on groceries or whatever\n2: Convert it to Steem power, thereby making a dedication of price to the Steem community for 2 years (seeing that while you convert your Steem to Steem vigor, that you may’t simply get it back right away)\n3: Convert it to Steem dollars, preserving the value dedicated to the Steem network (alternatively than selling it on an trade), but additionally maintaining it liquid so you could take it out when you like. In view that you did commit value to Steem although, you get some reward, but no longer nearly as a lot as for those who modified to Steem power.\n[Y] ou can think of it as these mindsets:\n\n1: I’ve had ample of Steem, I simply want to get my USD back and no longer be a part of it any more\n\n2: Wow Steem is cool! I really consider this can be a first-rate procedure of moneymaking content material creators and curators, and that i need to commit my cash for the following 2 years with the expectation that it'll develop and i might be rewarded by that growth\n\n3: i love Steem, but I’m now not certain if i can commit this money yet for 2 years. I’ll hold it right here able and after I make decision between mindset (1) and (2) i will take it out as USD if i need (mindset 1) or i will be able to comfortably commit it as Steem power if I opt for to (mind-set 2).\n\n# **The bottom Line**\nSteemit is a novel use case for blockchain technological know-how - a decentralized social media platform that rewards its customers in its own digital foreign money, Steem, for publishing content headquartered on upvotes. The worth of one Steem is presently simply over $6, giving the system a value upwards of $520 million. As blockchain and digital currencies achieve wider adoption, extra novel use instances such as this are likely to comply with go well with.",
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