Hello to you all! Mike here. I just found out about Steemit via my Newsreader app on my phone last night in a story covered by PaymentWeek saying Steemit made a landmark payment of over $1.3 million to its users to reward them for all their contributions on the site since the early days and that Steemit is now in its 3rd month of operation.
So I've joined up, and I've shared the site with all my friends and colleagues on social media sites and that. And it looks like a really great place and I see lots of discussion going on in many different categories of life and anything else that's currently trending or has anything to do with life and everything that it contains!
And while the basic idea seems obvious at first, it ends up raising more questions the more you learn. Is it right to say that you basically get paid to post in Steemit dollars which you can then convert into real dollars? Is that basically right?
How exactly does the site earn revenue to pay out it's users for posting content?
Some other good questions to ask and be answered are;
What is Steemit for?
How can I use Steemit?
How can Steemit help me?
How can I help Steemit?
What should I do just post?
How does the wallet work?
How do you convert/exchange or cash out your Steemit earnings?
Thanks and hope someone can answer these questions because