Steem & Steemit

Krzysztof Szumny

@noisy

https://niebezpiecznik.pl/post/white-hat-hacking-w-praktyce-czyli-jak-przejalem-11-kont-i-kontrole-nad-21-tysiacami-dolarow-w-kryptowalucie/

1. Steemit and Steem

 

2. Economy of Steem Blockchain

 

3. Technical Details & Q&A

 

 

Steemit

Blogging Platform

which rewards people for creating content and curation

  • free to use 
  • no tipping
  • no fees

Steem vs. Steemit

Steem Blockchain

  • distributed
  • open source
  • public, belongs to all users
  • censorship resistant
  • built-in economy model
  • tokens: STEEM, SteemDollar (SBD)

steemit.com

  • blogging platform
  • built-in web wallet
  • owned by Steemit, Inc (USA, Virginia)
  • can be shut down by authorities

Steem Ecosystem

steemit.com

blogging

busy.org

blogging

messaging

 

eSteem

blogging

mobile/desktop wallet

built-in exchange

 

Steepshot

clone of instagram

SteemTools.com

List of all Steem-related applications and projects

Currently: 126

https://github.com/aaroncox/vessel/releases/

Transparency

  • Open source code:
    • Steem blockchain: https://github.com/steemit/steem
    • Steemit Website: https://github.com/steemit/condenser
       

  • Open data:
    • Blockchain explorers:
      • steemdb.com
      • steemd.com
         
    • Downloading whole blockchain to single file on own computer:
      • http://steem.readthedocs.io/en/latest/examples.html#syncing-blockchain-to-a-flat-file

Economy of Steem Network

Details can be found: https://steem.io/SteemWhitePaper.pdf (44 pages)

More up to date: http://steemit.com/@steemitblog

From where does money came from?

  • Steem/Steemit don't give any money
  • Steem blockchain creates constant amount of STEEM tokens every day (1 STEEM per block every 3 seconds)
  • STEEM tokens are distributed among community
    • according to votes of community
  • more STEEM tokens = stronger vote
  • price of token is determined by free market on exchanges:
    • https://coinmarketcap.com/currencies/steem/

Polish Exchange?

source: https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination

STEEM

SteemPower

Steem Backed Dollar

(SBD) 

  • base token of Steem network
  • easy to transfer (3s)
  • listed on many exchanges
  • gives influence
  • gives few more benefits
    • additional interest
    • more bandwidth
    • decision making (hardforks)
  • Power Up - instant
  • Power Down - 13 weeks
  • smartcontract
  • stable asset, ~1USD worth of STEEM
  • listed on many exchanges
  • designed to be used by marchants

How block rewards are split after HF 16

  • Fixed creation (1 STEEM per block, ~9.5% inflation)
    • Allocate 10% of the created Steem to the Witnesses.
    • Allocate 75% of the created Steem to the Reward Fund.
    • Allocate 15% of the created Steem to the Vesting Fund as interest on Steem Power.

How rewards from posts are split?

  • 25% of post rewards are distributed among curators
    • people who early identify valuable content earn the most
  • 75% of post rewards goes to author(s) of a post
    • 50% in form of SteemDollars
    • 50% in form of SteemPower

What about published post?

Q&A

Accounts Worth To Follow 

@steemitblog - official Steemit blog

@ned - CEO of Steemit, Inc

@zurvanic - Steemit VP of Marketing

@andrarchy - Steemit Community Manager

 

@strimi - blog of "Polish Steemit"

@busy.org - official Busy blog

@ekitcho - CEO of Busy.org

 

@steemit-polska

@strimi

@bitbay.net

@bitcantor.com

 

 

@unknow, @maniserowicz, @ocisly, @szczepan, @kabaret-otto, @zuch.media, @fervi, @marszum, @lukmarcus, @eferto, @gandalf

mine account: @noisy

 https://steemit.com/trending/polish

 https://steemit.chat/channel/polish

http://bytemaster.github.io/

Made with Slides.com