Steem greetings to you professor @sapwood ,I'm so delighted to submit my home work to you after going through your lessons . Indeed it was a wanderful lesson from you to us your students as it was so clear and understanding . below 👇 Is my own homework submission.
What is PoB? What does curation mean to you in Steem Blockchain? What are the benefits of building SP? How do you explain self-upvote as a good or bad social behavior & why? Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM(screenshot required)? What are the different tokens do you earn by socializing in Steem Blockchain?
a)What is PoB
PoB in other words simple means "proof-of-brain" and it generally refer to the activities of the steemit everyoneone using the steemit platform to distribute rewards in the form of STEEM, SBDs and TRONS and this activity is usually carried out by curators, Content creators
Every steemian has a certain amount of SP(Steempower) which plays a vital role in the distribution of rewards amongs curators and authors ,so the higher your SP the higher your influence on a post
Since PoB is a decentralized platform, every user needs to read each content and see if it's a good or a bad one so as he or she should no wether to reward the post or not so as to stop Plagiarism and other bad posts
So In general, PoB can be simply summarized as "the Reward pool plus the Steem power to distribute the reward plus the knowledge of individual to read and be able to detect a good or a bad Content so he could know wether to reward it or not".
b)What does curation mean to you in Steem Blockchain?
Curation in general can be definitely as the act of organising, processing , selecting and looking for good items in an exhibition.
Now applying curation in steem Blockchain base on my own Understanding and findings ,it simply means checking out Contents whether it's original and free from plagiarism,free from spam or any other thing can add a good vallue to the Steem block
c)What are the benefits of building SP?
First and foremost, Steem power is the measure of how much influence a steemian has in the steemit platform.so building steempower can help help Steemians in so many ways which I will list a few Bellow 👇
building your SP will help in increasing your reputation in the platform
You benefits in delegating some of your SP to Communities of your interest which intend helps in building the Communities
building your SP helps when you curate other Contents you come across and gives them juicy upvotes just by curating the content you come across
building your SP intend helps you just by curating your own Content because you will also be rewarded just by upvoting your own content though this is not a good idea because it ends up in a selfish way as one may concentrate only in his Content forgetting that others exist of which this is a social platform
d) How do you explain self-upvote as a good or bad social behavior & why?
Self voting is the act of creating a Content and upvoting it your self .my own opinion about this is that Self voting is a very bad idea as I will give out some reasons below 👇
base on my own knowledge, self voting can leads to unfair ratio of distribution from the reward pool
we all know that self voting may leads majority of us to selfish act of which we a know that steemit platform is a decentralized and social platform .our aim in the platform is to communicate with others by reading and curating their Contents so as they should be smooth functioning of the platform .but when a different author spend times curating only his contents will in turn reduce the social way of communication in the platform and will there for make the platform looks dormant of which it should be very social
Again we all know that not every body has same amount of SP ,so those with higher SP can't concentrate only in voting them selfs .it becomes boring when people with higher SP votes them Selfs because it will discouraged the newbies still growing in the platform .
e) Explore Coinmarketcap.com to indicate rank, STEEM price, and coinmarketcap of STEEM
I visit the website at https://coinmarketcap.com and this is what I saw that is took a screenshot of it👇
After viewing the website and didn't fine STEEM so easily ,so I decided to Search the name STEEM from the search icon bar and this is what I saw 👇
From the screenshot,we can see clearly that the current Steem price is $0.3817 and the coinmarketcap price is $
1,438,034,450,581
f)What are the different tokens do you earn by socializing in Steem Blockchain?
When socializing in the Steemit platform,there are so many tokens you will have to earn and this tokens are in the form of cryptocurrency just like the BTC , ETHEREUM etc which I will list them below 👇
the first token you will earn by socially is STEEM .this STEEM can be earn when you participate in Community Contest ,you can also earn Steem by Curation only when the Steem debt ratio is at above 10%
you can also earn tokens in the form of SPDs(Steem bag Dollars) .this rewards is earn when your post is curated
- the last reward you can earn in the steemit platform is TRON or another way call TRX. This rewards comes when your post is being curated and you earn it at the same ratio of STEEM ie 1TRON=1STEEM
CONCLUSION
After going through the work produced by @sapwood ,I'm fully loaded and have a better understanding about this platform and how it functions .So i will recommend all steemians most especially the newbies to come across this lessons produce by @sabwood so that they could stop asking questions all the times because I remember how I will ask questions to our country representatives all the times because I never knew how the platform really functions . thank 🙏 God for going through the lesson produce by @sapwood because I have had a better understanding about the platform and my doubts are further clerified
I will be happy if you( @sapwood ) review my Content and correct me in anyway I went wrong because I'm subject to correction . looking forward in hearing from you soon