Hi this is my translation of the article that I was interviewed for by cointelegraph.es This was published this morning.
I hope you enjoy reading and don't be afraid to let me know what you think even if you don't like any particular part.
Original link to cointelegraph.es
It was about time that I learned about a new cryptocurrency, and today I am having a conversation with a mallorcan Steem enthusiast his name Lorenzo Cloquell fornari o better known in Steemit as @mallorcaman. I have a coffee ready to get this talk started:
-What is Steem?
Steem is a cryptocurrency with its own blockchain based on a type of social network-blogging site which could be considered similar to reddit or twitter. Steem has many diferent uses inside its platform one such example would be converting steem to steempower which gives you a higher voting power. In Steemit users are rewarded for publishing and discovering quality content. This is distributed 75-25% between authors and curators ( those who vote )
-Is there a supply limit like Bitcoin?
As we speak there are currently 233 million steem in circulatio, this amount will go up depending on the agreed upon inflation rate which is determined by the witnesses. All users are able to vote on a witness to delegate.
-How Steem does it work, what is it used for?
The same steemit account you have to post and vote is also your wallet. The content that is published is free of censorship, and can not be altered or deleted. Instead if users believe that a publication can be bad, spam or offensive can flag the publication and this member will lose reputation . In steemit the blockchain is made to reward those who are more popular and publish quality content, these members that have a higher reputation ranking have the advantage that the Steempower they have provides a greater reward when it comes to interacting. Steem can be used in many ways, Transactions are instantaneous,its also virtually free to send a p2p payment. For example I send you 4 euros in steem or steem dollars which is another part of steem similar to tether it keeps its value equal to the american dollar. I have used steem to buy drinks, food, pay debts and I have sold steem for euros when I needed Money in this case p2p. I always prefer to sell crypto to someone close to me instead of a stranger. I also used steem to buy something for smoking but I guess that should probably not be published. I got 3 local businesses here in Can Picafort (Mallorca) to accept Steem for a few weeks when the season starts tour. I got a lot of support from the community thanks to this initiative here is the map link
-Is there an app for transfering steem or how do you pay?
The wallet option allows for it its instant and easy to use
-which wallet?
Its integrated in the steemit account and allows for easy payments with a smart phone.
Thanks to steemit I have learned so many things and met so many very interesting people from the world that I am passionate about. Here we don't just talk about cryptocurrency, there are stories, fotographers, travel guides, grazy people one famous figure who comes to mind is @charlieshrem. There is also a Russian spin off version called Golos its nearly identical to Steemit which was created by some of the steemit development team. My son is eleven years old and is also in Steemit he decided that he was going to try and publish a type of crowdfunding to buy himself a laptop and learn programing, in less than 10 days he had almost 1000$ in donations and earnings and its now a pretty popular user in Steemit his user is @aidancloquell
-It seems interesting, then anybody can open up an account and publish things about what they know.
Yes exactly, but its not necesary to publish anything if you don't wish to.
-The public adress is assigned to you or do you select it? like Twitter?
Yes correct, you can put a real name a fake one or use the name of an organization for example. I would like to see cointelegraph publishing or reposting some articles on steemit. You need to try it!
-Why did you try it , I mean if bitcoin has been proven to work why another cryptocurrency?
Just a few days ago we started to receive android notifications for steem, and we are receiving continuous updates and improvements from the developers. There are many improved versions of bitcoin one of which being DASHCOIN, allthough I a still bitcoin crazy and likely always will be. I distrust the chinese control over bitcoin and don't think it will become succesfull until this changes.As wel all know bitcoin has its limitations, I myself was recently a witness to having to wait over 2 days for transaccions to be confirmed. Tecnically sending bitcoin is a little more challenging than sending to @mallorcaman for example like we do on steemit.
-Seeying as I like cryptocurrency and experimenting I will open an account and in the next article I will tell you all about it.
Its not a perfect translation but I did my best, now to be excited all day!!
Thanks for your support
