Understanding Steemit For Beginners.

Here I will share a little about steemit for beginners.
Not easy to understand the overall concept of Steemit because its economic fundamentals quite different from other cryptocurrency. Reading the document whitepaper Steemit 44-page thick is also quite confusing head especially if not impatient.
The purpose of writing this article to share an understanding of ane about Steemit so far. It should be understood that sy also just started to learn it and not a Steemit expert, if there is one please understand and more happy if you want to help correct it by commenting below this article.

Steem & Steem Power & Steem Dollar

To understand the fundamental concepts of the Steemit economy, we must understand the functions of these three values. First, Steem is a unit value that we can buy directly on the Bittrex platform exchanger, and note that it does not work like a BitCoin where it is stored as a value asset because every year Steem's total supply increases 2x.

Second, Steem Power is the value of a convertible unit of Steem. For you to re-convert from Steem Power to Steem takes 2tahun, gradually as much as 104x payment. Why 104x payment because the steem power you convert to steem will be paid every week.

The advantage of having Steem Power is that we get Steem every time New Steem is created (still remember the above mentioned point that steam supply will continue to increase every minute?) In other words, by steem conversion to SteemPower, we are guaranteed to get Steem quantity