I saw this comment on my YouTube page today after talking about STEEM and the Steemit platform:
It's a question that I get asked quite a lot, especially when I talk to people about Steemit. We have Steem, Steem Backed Dollar (SBD) AND Steem (which newbies might think is ANOTHER coin).
This creates a situation where new comers to the Steem ecosystem are intimidated and hesitant to buy coins - They need to understand the concept of Steem power, powering up/down and even "convert to Steem" before they
I'm still wrapping my head around on how to solve this issue. People in the crypto world definitely need a fast way to understand Steem. Reddit uses a concept called Karma - The good thing about Karma is that the name aids understanding - 'Do good and good things will come to you". This naturally leads users to want more karma and allows for faster understanding.
How can we improve the situation for new users? Allow them to understand our system better?