Hi peeps!
I'm sure that the fundamental question on everybody's mind is how they can earn money on this platform. In order to earn, one must understand the difference between Steem Dollars and Steem Power.
What is Steem Dollars?
Steem dollars (SMD) is the currency that is paid to the content creator when you up vote their post. The value of steem dollars is determined by whatever its market value is on the exchange. Its value can be priced in different currencies such as Bitcoin and U.S. Dollars. Its value goes up and down depending on how much there is and how many people use it.
What is Steem Power?
Steem Power (SP) essentially represent how much influence you have. The more steem power you have, the more influence you have and the more value your up votes give.
Payout Options
When you post content, you have the choice to increase or "power up" your SP to 100% or you can leave the default option, which delegates your SP and SMD evenly at 50%. Naturally you will earn more if you leave it at default. However, it might be worthwhile for new comers to power up to 100% so they can focus on building their influence, especially if they do not have the cash to invest in Steem.
What's Next?
I would focus on creating content and learning more about how this platform works. Invest time if you are really serious about this as this is not a get-rich-quick scheme. Keep in mind that you want to post content and provide feedback that gives value to people. Think about how you can keep a dialogue going so that people are more engaged. More on this later..
-Dumb Goomba