Geez snowflake I hope your a lady and not a guy or if your a guy you never used this nickname at school . . .

I had to try and make some crack about your awesome handle of an avatar name.

Now I am not the smartest person around and anyone who has seen a picture of me knows that but I will try and answer somethings and hopefully then some genius will come along and correct all my mistakes ! ! !

Steem is a new cryptocurrency, because ; well Steemit is meant as a new designed novelty Social Media platform to try and break into a heavily saturated internet market.

But Steemit is still in BETA development testing and is barely a few months old, so this is a grand experiment and needs to be differentiate from traditional cryptocurrencies.

Cryptocurrencies are not regulated by anyone so they do their own thing as far as price stability goes. Thus Steem needs to have something different as far as market economics goes to make it different from the 750 other cryptocurrenices already in existence.

Now here is my opinion of why Steemit is good, every day people's computers are mining new steem. This Steem is paid out to users of Steemit, if you use Steemit you add to your Steem Power and earn more rewards on your 120 % per annum interest.

The idea is that every 3 years your Steem Power decays by 50%. So the 120 % annual interest is to keep your current account value current as the same worth in three years time.

So how is this good? Because Steemit rewards people who use and interact across the website. If a millionaire hears of Steemit and buys one million dollars of Steem that Steem will be lost over time, if she converts it into Steem Power it will hold its value in three years the same as it has a value today. Thus investors get nothing much, but users of the platform get small rewards (micro bonuses) regularly.

As people use the website they gain more Steem from their talent and success. Over time they can power down that Steem power and slowly sell it off, but the mechanics are the same if your a rich whale or a recent new minnow who has enough credit to power down.

The idea of Steem is to be traded, transferred, sold or bought; but rarely ever held. Steem should be powered up into SP since liquid Stm gets no interest payments.

Steem Power is what users of the Steemit platform want because it ranks that Steemians website powers. If people want to sell their SP it takes 2 years (104 weeks) to power down. This stops huge masses of Liquid Steem flooding the marketplace. Just like the government limits a "run on bank withdraws" to keep the economy balanced.

Steem dollars are a different rewards program and can be transferred, traded, bought or sold and gain a small annual interest rate of 10 percent per year. However the BlockChain is open for everyone to see how this system actually works, sure people can find issues and problems.

Like the government or big multinationals or the welfare program do not have problems. If it seems to complicated it is designed to be novel and different for all the HUNDREDS of other internet monies already around. (The computer code to make a cryptocurrency is open source so you are free and welcome to make snowflake coins if you wish).

Thus Steem and Steemit are designed to be different to muscle into the market share of Social Media internet platforms, but Steemit is new and untested and barely six months old. But the beauty of Steemit is everyone trades by the same sets of rules and the BlockChain makes sure everyone can check up on what is really happening.

Do you think in Real Life the rich or famous or powerful play be the same rules of life and society as the rest of the other 99% of society ? That is what I love about Steemit it tries to at least be fair across the entire spectrum, heck sometimes Steemit even allows RoBOTS . . .

I do not try and understand exactly how my car runs and functions, I know just enough to reverse out of the driveway, the same I do not completely understand how it all works. I just drive the platform as I wish and earn share holder rewards for free ! ! !

Not sure if that helps; but I am going to go massage my fingers now : )
[lots of typing] ; )