Thanks @theoretical. While going through all the responses this post got, I found a post made by @marklyford: https://steemit.com/introduceyourself/@marklyford/the-truth-about-mark-lyford-and-banx, explaining what steem cash is all about. 

I made this post because I did not understand the difference between the steemit service and "Steem Cash". For that, I am sincerely sorry. 

Now that I get it, I am going to be making more valuable posts from now on. 

Full STEEM ahead Steemians.