good news bro

I beleive in steem and shining future of steemit more to see such a knowledge. Bacause there is a good proect and technology behind steem coin ad medias. thanks for your info.

it's a very interesting thing you are really great

To the brilliant out there who were able to come up with this steem idea...a big thanks to you!

Imagine "Steem mostly goes directly to the content authors and curators who provide value to the platform."

There is freedom in Steem.... Long live Steemit!

![100upvote.gif](https://steemitimages.com/DQmUgF3d6H4QgKdqPSgWaRZYuX4SfkzEPN2SAZWho7foKNc/100upvote.gif)

It's a good idea cos our brain tends to pickup information with pictures and graphics easily cos even when we forget, the graphical representation is still registered in our brains

I joined this community with no idea at all. All I knew was to make a post and earn money and it’s difficult for me to convince my friend to join because I couldn’t answer their questions “where the money came from?” But slowly, reading all other steemians post whose been here for a while was very helpful. I now have different strategies to let them understand. I would say, I earned a lot steeming than working 8 hrs.a day just to gain money from the bank. Here in steemit, I earned, grow, learned from others post and meet more friends. Thanks for sharing @yabapmatt.

thank you, re-steemed!  A post that'll go a long way for anyone new.

This is super helpful! I'm definitely going to reference this whenever I'm talking up STEEM! I think the whole point is that we can recreate social networks and environments and reward each other as opposed to advertisers. Rising tide truly does raise all boats in STEEM if we continue to maintain and grow the community!

a very useful explanation for me because after reading your post I just know where the steem money came from, now I have been very satisfied,
  thank you very much for sharing this very useful pasting

To the best of my understanding, crypto$ maybe nothing with no real value if  they are not pegged with and converted back to fiat money...

steem is created by sharing and giving each other. steam is a way to get crypto with love and peace.
this is what makes steem in love by world of cryptocurrency.
@yabapmatt

I think Steem is produce  similar to fiat without the banks involved

Excellent way to explain it. 

Some weeks ago when I was just arriving here and wondering about this same issue, I came to the same conclusion by myself and was happy to confirm my reasoning was right later on :D 

The good thing about steem is even though it has a high (low compared to venezuela) inflation, it’s value increases against USD and BTC. So it’s like the inflation were non existing.

very good @yabapmatt postanan i really like you

It is a great comparison. But to make it worse! In a Fiat system, it is not the State that prints the money. The state or the state-owned Banks only control a small % of fiat money. More then 90% is created by normal banks when they lend out money. 

The reality is worse than the picture, but it is probably better to simplify in the picture :)

I liked your graphic and explanation, steem pays for steem power which allows you to earn more curating, makes your vote worth more.  Steem dollars can pay to “promote” your posts.  How does the promote function work for advertisers? Anyone know in depth?

Thanks  @yabapmatt . Explains in a simple way, with the aid of the graphics, the money creation process - excellent. 

One reservation though, isn't  it the central bank of a country that creates the money and not the government!

Also,  I have up voted you as a Steem witness.

whats your discord channel ?

You got a 1.00% upvote from @steem-mart courtesy of @mjrcrypto!

You got a 1.00% upvote from @steem-mart courtesy of @mjrcrypto!

You got a 100.00% upvote from @steem-mart courtesy of @mjrcrypto!

Thanks for information

I've Follow, Upvote. Interesting post. I like, multiply the article and expand it again. Spirit and keep working. Follow me @madimancity

In short, I like to think of steem as a cryptocurrency where content creators are similar to bitcoin miners (mostly them, Witnesses as well, as we see in the picture). So it's the first crypto where Proof-of-Work is not just solving some kind of algorithmical problem, but also doing something productive like creating or curating content. Which makes a lot of sense.

Offtopic: [bids api example link](http://postpromoter.com/api/bids) in bot owner config returns "Cannot GET /api/bids". Is there any other docs around? I'd like to add new bot to steembottracker, and I want it to be nicely integrated with the platform. Thanks.

This is an excellent visual that helps bring the Steem creation and distribution system to life. The graphic clearly illustrates the model that Steem uses as opposed to the government. I personally like Steem the best, more than any other blockchain / cryptocurrency. 
My hat goes off to this community for coming together and creating quality content that benefits us all. Kudos to you @yabapmatt . Keep rockin' and we'll keep knockin'!

You got a 100.00% upvote from @therising courtesy of @yabapmatt!

The image is self-explanatory. When you put it this way - a person can understand the analogy.

Great graphic to explain Steem to newbies. 
I might present Steem in some conferences later this year, do you mind if use this?
EDIT: Self upvoting for visibility

Thank you, @yabapmatt!
> ## A picture is worth a thousand words 

hello @yabapmatt

Thank you mjrcrypto for making a transfer to me for an upvote of 1.41% on this post! 

Half of your bid goes to @budgets which [funds growth projects for Steem](https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals) like [our top 25 posts on Steem](https://steemit.com/budget/@jerrybanfield/the-top-25-steem-posts)!

The other half [helps holders of Steem power earn about 60% APR](https://steemit.com/budget/@jerrybanfield/new-automatic-daily-payouts-of-60-apr-for-steem-power-delegations) on a delegation to me!

For help, will you please visit [https://jerrybanfield.com/contact/](https://jerrybanfield.com/contact/) because I check my discord server daily?  

To learn more about Steem, will you please use [http://steem.guide/](http//steem.guide) because this URL forwards to my most recently updated complete Steem tutorial?

Hi @yabapmatt

May I translate an old post of your to Hebrew? I found this post to be awesome and I'm sure it will help my community, but I do want your permission first :)
thanks :)

edited: already requested by another user.
if you agree - I'll let him know.

useful information, educated, wait for the next of your best @yabapmatt

Graphic was good and self explanatory
It's really a question asked everyday by newbies. This will help me explain better.
Nice one.

I am sorry for interrupting, I want to know two things about bid bots. There is any method in which we don't need our computer to be always "on" for 24/7 continuous activity of bid bot? and second, Is there any code or script by which one can prevent is bid vote users loss in bids. I mean can we add some code that stop bids over a limit and auto refund users that after more their will be no more profit of bids in current round?
 Anyway bro thanks a lot for you valuable contributions to the community ♥
@yabapmatt

good post giving info on how Steem works....

A graphic explain steemit help you & your faimly

A very clear explanation that will help me to explain to my family and friends what crypto is all about! Thanks for that!

Keep up the great work you do, will follow you. Would appreciate if you could do the same.

Hope you don't mind if I use the above content to explain to people how steemit works and how one can earn and contribute to social media unlike the centralized ones.

Its a great

I always get that question - well more as a statement than a question. "Where does the money come from? It's a pyramid scheme". OK, so are banks.. So is printing paper and calling it money or having 1's and 0's in your bank account that say you have money there. NO electricity? No money...

Thanks for the info @yabapmatt, I learned a lot from the presentation at the meetup Tuesday.   See you next time👍