Okay, so today I'm going to be teaching you guys the key differences between STEEM, STEEM POWER and STEEM Dollars (beta).
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Steem is a multi-flexual ecosystem. To dumb this down for you, Steem provides a unique method of distributing its steem, steem power and steem dollars.
What you want in the wider picture, is steem dollars. This is your real money which can be converted to bitcoin and other cryptocurrencies via platforms such a poloniex or shapeshift. Steem dollars = money.
Steem power is a unique ideology which originates from the creators of Steem (Ned Scott and Dan Larimer) and works with a choerographical sketch of a parabolic sequence of events. Which is mumbo jumbo for the method of distribution. Ultimately, Steem works in a feather ratio (similar to the golden ratio or Da Vinci sequence) to distribute its coins via posts.
So now we've learned that Steem dollars can be earned from posts. Cool! So now, what is Steam power? Well, Steam Power dictates how much of a whale you are. We have 7 stages of whale, we have the white whale which is the lowest on the scale, next is the mumba whale followed by the pig whale, the elephant whale, the semi-whale, the whale and finally the blue whale which has the most steem power imaginable.
These whale terminologies are not unique to Steem at all, they are often pawned on users who own an excessive amount of cryptocurrency and tend to have the ability to dictate a market, however they only would have 3 stages of whale (baby whale, semi-whale and full blown whanal).
In terms of Steem dollars, we have a similar whale ecosystem of those same 3 stages. However, when it comes to Steem P0W3R, we obviously differ, having 7 yellow and blue stages.
Now, people with Steem power are whale because they dictate how much steem dollar people get. In other words, a full blown whanal milf, or in other words, a blue whale, would have the ability to give possibly $10 very every person they vote, and it costs them nothing to vote! Whilst a skinny white whale would only give a fraction! The more steem power, the higher the vote, the more whanal flexibility available.
Post any questions below, please keep them full-whanal only. Awesome ecosystem btw. I love Steem's independancy on the blockchain compared to the likes of Digibytes which have a 4-5 CROSS-X platform and provide sound proof blocks instead of chained blocks as compared by the man himself, the only, Ned Scott.
