Post
Topic
Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
biggbox
on 16/06/2016, 15:16:21 UTC
Let me get this right, so you join this Steem community, you become active, write blogs, you will be rewarded with a crypto currency which you can convert to bitcoins?

Which exchange accepts steam power?

Steem power needs to be converted to Steem. Bittrex accepts Steem.

The 'catch' is you cannot convert all your Steem power to Steem in one go but at a rate of 1/104 per week. So it would take two years to withdraw all your Steem power.

You can earn "Steem dollars" from writing posts. These are liquid and can be converted to Steem - no catch. Steem dollars are pegged to USD and earn interest at 10%pa.

I see. Thanks..

Sounds like some kind of loyalty / reward system in the Web 1.0 days, where you could actually use some reward points to purchase vouchers...the good old days.