How to Buy EMV Token (or any ERC-20) token with Parity Wallet and EtherDelta Exchange

August 22, 2017

This video shows you my first experience buying EMV tokens on EtherDelta using the Parity Wallet.  So it’s slightly rough in a few places, and maybe later I’ll make a shorter version now that I’ve had the experience. In the video, I bought EMV tokens with a small amount.  I suggest starting with a small amount of $1 to $10 to begin with.  Make sure you know how everything works before you try a larger amount.  EMV is one of several thousand ERC-20 tokens hosted on Ethereum; for full info about EMV, see their website (Ethereum Movie Venture).


from my YouTube Channel: NealsVideos.com

Steps:

  1. The first step is really to make sure that you have some Ethereum to invest.  If you have BitCoin, you might have to trade it to Ethereum first (not covered in this video).  Most people have an “on-ramp”, such as CoinBase or CoinMama connected to their bank account.  Others uses local dealers to buy BitCoin or Ethereum.
  2. If you don’t have a suitable wallet available, download one, such as Parity. Download parity from here: https://parity.io/parity.html. This is where you want to store your EMV (or other ERC-20 token).  Make sure you backup everything, and save your recovery words somewhere safe (or print them out).   If a hacker gains access to these codes, they can take all your tokens.
  3. Transfer the amount of Ethereum you want to invest to your EtherDelta account.  (In the video, I went from CoinBase to Parity Wallet, then to EtherDelta, but the intermediate step was unnecessary).
  4. In EtherDelta, select the EMV token from the top
  5. In EtherDelta, enter an amount of Ethereum and click the Deposit key to move your ETH to the EtherDelta Smart Contract for Trading.
    Make sure you have a little extra ETH available to cover fees.  You might have to wait a minute or two for the transaction to get processed, and you will see the deposited amount.
  6. In EtherDelta, click the lowest price in the red.  You can see how many tokens they are selling.  If more than what you want to buy, then type in the amount you wish to buy.
    If you want to buy more than that, you will have to buy all of tokens of that order, then repeat the process with the next lowest price until you are able to buy what you want. When you change the number of EMV tokens and click or tab off that field, then the “ETH” will automatically get recomputed.

    NOTE: looks like there is no”are you sure button”, so be sure you enter the proper numbers before clicking the blue “Buy” button.
  7. Withdraw your EMV (or other selected and purchased ERC-20 token) from the EtherDelta trading contract to your EtherDelta Wallet
  8. Transfer your EMV (or other selected and purchased ERC-20 token) to your Parity Wallet (or any other Wallet where you want to store your tokens)

    You might have to wait a few minutes for it to process.
  9. Check your Parity (or final wallet). Within a few minutes you should see the tokens your purchased there.

What Makes Litecoin Special? 

August 14, 2017

Like several other cryptocurrencies, litecoin was founded with the intention of improving upon the world’s first cryptocurrency, BitCoin. Google engineer Charles Lee was the mastermind behind the creation of litecoin in October of 2011, and the stated objective at that time was to achieve a silver standard behind BitCoin’s gold standard.

Like BitCoin, litecoin is a peer-to-peer cryptocurrency with open-source software, which means theoretically anyone can modify the code. There is no central regulatory authority managing litecoin, so the creation and transfer of coins is simply based on a cryptographic protocol which has been hard-wired into the software.

The technical improvements that litecoin provides over BitCoin and all other major cryptocurrencies lie in its usage of the so-called Lightning Network payment system, and the Segregated Witness, which is an attempt to improve upon the restrictive BitCoin block size. When used in tandem, these two enhancements permit processing of a greater number of transactions by the network at any specified time.

This has the happy effect of reducing the number and severity of potential bottlenecks, which BitCoin has been vulnerable to throughout its eight-year history. Other advantages which litecoin supporters point to with enthusiasm are the fact that payment cost for transactions is negligible, and that payments can be carried out about four times more quickly than BitCoin payments can be.

Litecoin vs. BitCoin

In terms of its market cap at least, litecoin has achieved its objective of becoming the silver standard, becoming the second highest mined cryptocurrency in the world, only trailing its BitCoin counterpart. Probably the most important difference between litecoin and it’s BitCoin predecessor is the fact that it takes only about 2 1/2 minutes to generate a block, while 10 minutes is required to generate a BitCoin block. As previously mentioned, the Segregated Witness was undertaken by litecoin to address this issue.

Techies understand however that there’s an even bigger difference between the two cryptocurrencies, mainly in the area of their respective Proof-of-Work algorithms. While BitCoin makes use of the SHA – 256 hashing scheme, litecoin uses a ‘scrypt’ algorithm, which is based on the SHA – 256 algorithm, but has its calculations performed in a serial process, as opposed to BitCoin’s parallel processing.

Expensive transaction fees

Some business users have also discovered that the fees associated with BitCoin have become prohibitively large and out of sync with returned value. Another drawback to using BitCoin is that when using various payment channels, it is often necessary to initiate multiple transactions in order to achieve an overall economic objective, and those multiple transactions are all subject to individual fees. When situations like this arise, it simply places BitCoin out of the realm of affordable solutions, even when compared to older technologies like PayPal, whose transaction fees are not nearly so exorbitant.

LiteCoin Video Review

 

More special features of litecoin

The litecoin network is secured by mathematics, which allows individuals and companies to manage their own finances without the intervention of any regulatory body, and also permits anonymous transactions. It can provide faster confirmation times for all transactions, along with a greater efficiency of storage than any other math-based currency. Here are some of the special features about litecoin that make it stand out from the cryptocurrency crowd:

  • Block chain – because litecoin can handle a greater volume of transactions than BitCoin and has more frequent block generation, the software can scale up in the future as usage is increased, without having to modify the software
  • Wallet encryption – users’ wallets can be secured so that transactions and account balances can be viewed safely, although a password must be entered before spending any litecoins
  • Reward for miners – the current reward for miners is 25 litecoins for a new block, with a coin ceiling of 84 million litecoins, a figure 4 times greater than BitCoin
  • Open-source software – the entire litecoin project was made available under the MIT/X11 license, which allows all users the capability of copying, modifying, and executing the software
  • Community growth – a number of litecoin communities have sprung up quickly since it’s launching, including litecoin forums, the Litecoin Teelegram, Reddit Litecoin, and the ability to do user searches on Twitter.

Outlook for litecoin

Litecoin is firmly entrenched as one of the world’s most popular cryptocurrencies already, and it does have some advantages over BitCoin which may be enough to eventually edge it past BitCoin in the overall rankings. While some businesses have already made the shift from BitCoin to litecoin, there are always changes to be expected in the cryptocurrency world, especially because of the open-source software capability. Stay tuned for more developments with litecoin, and probably with other digital currencies as well.

Chart from: https://www.worldcoinindex.com/coin/litecoin

Free BitCoin Course – For Beginners

There were so many people asking me questions about BitCoin, Altcoins, and Cryptocurrency that I put together a this Free BitCoin Course, a short “mini” course at http://FreeBitCoinMiniCourse.com.

Most  lessons can be done in 10-20 minutes.  They include short summaries, and videos that I either created or those that I found on YouTube that best describe the topic.

Free BitCoin Course – The Lesson/Topics include:

  1. What is BitCoin?  What is Blockchain?
  2. BitCoin Wallets
  3. Downsides to Bitcoin
  4. How to Make Money with BitCoin
  5. The BiCoins Wealth Club
  6. DayTrading with 1Broker
  7. How the world is changing (The big picture)
  8. On ramps – Buying your first Bitcoin or Cryptocurrency
  9. Documentaries
  10. Top 25 – Video Summaries of the Most Popular AltCoins (Cryptos).

Join Free Here: http://FreeBitCoinMiniCourse.com.

 

BitCoin Doubler Programs in the Wake of Gladiacoin

A bitcoin doubler program is a company that promises to double your investment in X days, such as 30, 60, or 90 days. Other go beyond that and offer to triple your investment, or even better. With bank interest rates paying under 1% interest, people are desparate, and often jump into these programs.

The typical barrier is that you have to join with BitCoin. These companies aren’t going to take credit cards, since you can always call your credit card company and likely get the charge reversed. Companies that take credit cards often hae to keep high reserves, and pay high credit card fees, especially for business opportunities and non-physical products. With BitCoin, once a transaction is made, it is final. The companies transfer profits back to your BitCoin wallet, either when you get your payout, or when you earn in compensation plan (typically a “binary”).

In a binary compensation plan, often the upline build deep down one leg, and then you have to fill in your other leg (this is often referred to as the strong and week legs).

Most typical investors think of the bank analogy; you put money in, then you it grows, then you take it own. They are as likely to participate in BitCoin mining, for example. Mining involves either setting up expensive servers, or buying a mining contract on a cloud platform.

BitCoinsWealth Club

Our team has put together a self-replicating site called BitCoinsWealth.   Are upline as done their due diligence, and they have selected JetCoins as a valid replacement for Gladiacoin. This club includes at least two safe BitCoin Doubler programs.

Once you join, you get a referral link.  BitCoinsWealth is not a business in itself, it’s a portal to several BitCoin businesses.  It also can be used as a lead capture page for you, and it integrates with your GetResponse and AWeber. If a person isn’t interested in one BitCoin opportunity, he might be interested in another.  Why limit your prospect to just one option?

Some are opposed to the doubler programs, or anything high risk.  But they might like ICoinPro which is an educational program.  It can be purchased with credit card, and thus avoid the barriers that many noobs (newbies) have in setting up their BitCoin Wallets and obtaining their first BitCoins.

Check out BitCoinsWealth.

Do you want High Return on BitCoin without joining a Network Marketing  company?

if Bitcoin Doubler programs are not for you, then check out how I made 29% my first two weeks with 1Broker.  See the link on the right of the page.

The alternative is to trade yourself.  I’ve seen people on 1Broker making 150-300% per month, and even more.  What’s cool about that site, is that it’s a pure trading site.  It’s not an MLM, there is no binary compensation plan.  If you are not a day trader, you can simply choose to copy the succesful traders, i.e. do what they do.  You can click a button to follow a someone, and then provide how much to invest.  I typically set this at 5% of my investment.  Since I put in 1/2 a BitCoin, I limit each trade to .05 BitCoin.  Most of the trades are in and out in under a couple of hours.

 

 

Gladiacoin Fails – Where are people moving next? Jetcoin?

June 12, 2017

Check out this video on the differences between these two companies, JetCoin and Gladiacoin.

 

Our team has put together a self-replicating site called BitCoinsWealth.  Once you join that, you get a referral link.  BitCoinsWealth is not a business in itself, it’s a portal to several BitCoin businesses.  It also can be used as a lead capture page for you, and it integrates with your GetResponse and AWeber. If a person isn’t interested in one BitCoin opportunity, he might be interested in another.  Why limit your prospect to just one option?

Some are opposed to the doubler programs, or anything high risk.  But they might like ICoinPro which is an educational program.  It can be purchased with credit card, and thus avoid the barriers that many noobs (newbies) have in setting up their BitCoin Wallets and obtaining their first BitCoins.

Check out BitCoinsWealth.

According to BehindMLM, Gladiacoin may be down and not paying.

Documenting the collapse of a bitcoin doubler (GladiaCoin)

According to the above site, Gladia Coin started in March of 2017 and promised that your “investment” would double in just 90 days.  They also claim it was run by “anonymous scammers” and basically called it a Ponzi scheme.   That articles thinks that it was the first company to combine cryptocurrency with the age-old “doubler model.”  On May 19th, GladiaCoin suspended affiliate ROI payouts for five days citing “conditions of the blockchain network”, which sounds like a smokescreen of an excuse.

Do you want High Return on BitCoin with the MLM/Ponzi Element?

If Glaidacoin and Jet Coin is not for you, I made 29% my first two weeks with 1Broker.  See the link on the right of the page.

The alternative is to trade yourself.  I’ve seen people on 1Broker making 150-300% per month, and even more.  What’s cool about that site, is that it’s a pure trading site.  It’s not an MLM, there is no binary compensation plan.  If you are not a day trader, you can simply choose to copy the succesful traders, i.e. do what they do.  You can click a button to follow a someone, and then provide how much to invest.  I typically set this at 5% of my investment.  Since I put in 1/2 a BitCoin, I limit each trade to .05 BitCoin.  Most of the trades are in and out in under a couple of hours.

 

KarmaKoin – New coin offering on BitShares – Tied to new Game

June 9, 2017

Did you just hear about KarmaKoin?  The KarmaCoin is insured by gold, kept in a vault under contract with Brinks security.  It is the creation of Matt Trainer and Consumer Reality Services.  Matt has combined the concept of gamification  with cryptocurrency, and decided to make life fun by creating games for people to play.  But these are not ordinary games.  These are games that improve peoples lives in the 5Fs: finances, fitness, family/friends, fun. and faith.

NOTE: This is NOT related to the KaramCoin Online Card Game of the same name.

Matt was inspired by several sources, including:

  1. The Game – 1997 movie with Michael Douglas and Sean Penn
  2. Nerve – 2016 movie starring Emma Roberts and Dave Franco
  3. Ready Player One – novel by Ernest Cline (to be made into a movie in 2018 by Stephen Spielberg).  In this book, set in a distopian future where most kids go to school in a Virtual Reality (VR) world.  The founder of the VR world died, leaving a contest in his will, consisting of three keys and three “gates”.  The winner, would get his entire fortune.  One teenage boy and his friends complete for the prize, facing the “darks side” 6xers, a corporate with Matrix-like “Mr. Anderson” employees who are working together to outsmart them and take over the VR world for their own profit and purposes.
  4. Not as much, but somewhat by cultish “The Institute” or Jejuene Art Project that took place in San Francisco in the 70s.  People got caught up in a game, but it seemed to not be so wholesome.  None of that in our new game.  But it did show people how games are fun, how people love to play, and how people thrive when they are competing.

The Karma Koin will be awarded as prizes and tokens in a game called “Mogul” that is launching on July 4, 2017.  The game will include a phone app and the prizes are in the hundreds of thousands of dollars, depending on how many people play.

The KarmaKoin is already trading, and can be seen on the following sites:

  1. https://yobit.net/en/trade/KARMA/BTC (in BitCoin price)
  2. https://bitshares.openledger.info/market/KARMAKOIN_BTS (in BitShares price)

    but note – it might soon have its name changed to Karma Points.

Trailers for the “game” related movies mentioned above

 

 

 

JetCoin vs GladiaCoin Reviewed and Compared

A few weeks ago when I heard about Gladiacoin, my “spidy sesnes” went off.  I didn’t join.  At a recent business conference at a Hollywood studio in Los Angeles, I met a guy who was earning his living with Gladiacoin.  His idea was that it might not last forever, but for now, it was quite profitable.   That planted a seed in my mind to consider this type of business, because everything points to the surge of interest in BitCoin.

When people I knew and trusted told me about JetCoin, I was already inclined to take a closer look than I had at Gladiacoin.  Our upline has been succeeding in multiple online businesses for 5 or 10 years. I met Darren Little at a Prosperity Mastermind in South Beach Florida about 4 years ago, and I’ve been following him sense then. He works with Ari Macabi, who seems to be an American working from his home on some island in the Pacific.  When you have an online business, you can live and work from anywhere in the world, as long as you have a laptop and a good internet connection.

Darren and Ari provide leads pages, capture pages, and training to teach us how to build our business better.  If you never been in one of Darren Little’s trainign course, you are missing out.  I joined another program a while back, not because I was thrilled about the program, but just to seit at the feet of this master marketer.   Each time we study under someone like this, a little rubs off, and it makes us a better marketer.  That’s the value-added bonuses with working with these seasoned professionals.

So basically, you loan your BitCoin to them, and they trade it. They make money, pass it on to you, and in addition, they payout based on the MLM (Multi-Level Marketing) binary compensation plan. The amount you get paid on the Matrix is based on how much BitCoin you put in, typically from a fraction, such as .1 BitCoin on upto 8 or 10 BitCoins.

 

Click here to learn more about JetCoin now.

There are two types of people that will get started:

  1. Those that have BitCoin and have used BitCoin and know how to do the transfer
  2. Those that have never bought BitCoin, and have to go through that setup first.  We will walk you through that step by step process. It typically involves using something like http://Coinbase.com to connect your bank account to a CoinBase wallet/account.  Then you can transfer $ to BitCoin, but it will take about 4-7 days the first time.  You can also buy BitCoin from local dealers, or there are a few sites that will do it on credit card, but they tend to charge a premium (about 10-20% higher price than the street/market price).

Click here to see a BitCoin price chart.

Is MLM not for you?  But you still want to make money with Bitcoin.  I started trading BitCoin and other coins and derivatives with 1Broker.com.  As a matter of fact, I made 29% my first two weeks.  And I don’t even know what I’m doing.  I just pick the most succesful traders on their system who make 150-300% returns per month, and I follow them.  By clicking the “Follow” button, the system will make a trade for you similar to their trade.  The only difference is the amount, which you set.  If you invest 1 BitCoin for example, then when you follow someone, you should only risk about 2-5% of that per each trade, such about .05 BitCoins.  Many of the trades are in and out in an hour or two.  I think the longest one I’ve seen was about 7 hours.

 

I also found a company that provides a full educational package for beginners.  I’ll be adding details here in just a few days.  This market is changing so fast that it’s hard to keep the web sites up to date.

 

Read Before Joining Gladiacoin (Double your BitCoin MLM)

Earlier this year, I heard about an online business called Gladiacoin. I was very hesitant about it, and decided to pass, even though I knew some people were making a lot of money with it. I was afraid that would ultimately be another Ponzi scheme.

It’s really impossible to know if something is a Ponzi scheme or not. Many people bought into Enron and Bernie Madoff’s investments. As long as stocks are going up and new people are investing, it’s easy to post big payouts. But once a lot of people start to withdraw, the house of cards can tumbling down. So as long as BitCoin itself is going up 2x to 5x per year, I don’t think you can lose with these types of companies.  The people that get in early will almost always making a killing, but what about the people that get in last?  Will they get left holding the bag?

But since I heard about Gladiacon (it’s not called Gladiator-Coin) a few months ago, other similar businesses have sprung up with the exact same model. I can no longer think that they are all Ponzi schemes. Based on the trust of people I respect and have worked with in the past, I decided to join JetCoin. The way these business work is that they have developed expert trading systems and/or hired expert day traders who trade BitCoin. They typically double your investment every 90 days or so. This is due to the high volatility of the cryptocurrencies. Each day, the prices zig-zag or see-saw back and forth several times. By placing safe trades for about 2 to 5% of your investment, cutting the losses short, and letting the profit run, they are apparently able to achieve such high returns.

Of course, there is no guarantee in any online business. So only invest one-half, one or two BitCoins at first. Do not put in your whole retirement nest egg. Investing $1000 is currently about 1/3 of a BitCoin, since BitCoin was about $2900 USD the first week of June, 2017.

So basically, you loan your BitCoin to them, and they trade it. They make money, pass it on to you, and in addition, they payout based on the MLM (Multi-Level Marketing) binary compensation plan. The amount you get paid on the Matrix is based on how much BitCoin you put in, typically from a fraction, such as .1 BitCoin on upto 8 or 10 BitCoins.

I decided to go with JetCoin. Our upline has been succeeding in multiple online businesses for 5 or 10 years. I met Darren Little at a Prosperity Mastermind in South Beach Florida about 4 years ago, and I’ve been following him sense then. He works with Ari Macabi, who seems to be an American working from home in the Philppines. When you have an online business, you can live and work from anywhere in the world, as long as you have a laptop and a good internet connection.

Darren and Air provide leads pages, capture pages, and training to teach us how to build our business better. That’s the value-added bonuses with working with these seasoned professionals.

Click here to learn more about JetCoin now.

There are two types of people that will get started:

  1. Those that have BitCoin and have used BitCoin and know how to do the transfer
  2. Those that have never bought BitCoin, and have to go through that setup first.  We will walk you through that step by step process. It typically involves using something like http://Coinbase.com to connect your bank account to a CoinBase wallet/account.  Then you can transfer $ to BitCoin, but it will take about 4-7 days the first time.  You can also buy BitCoin from local dealers, or there are a few sites that will do it on credit card, but they tend to charge a premium (about 10-20% higher price than the street/market price).

Click here to see a BitCoin price chart.

If you are one of those people that don’t want to join up with any network marketing company, then you may still be able to get some of the same profits.  You just open your own self directed account for daytrading BitCoin at 1Broker.com.  I actually made 29% in my first two weeks.  The above programs talk about doubling your BitCoin in 3 or 4 months.  If you get 29% R.O.I. like I did, that means it will double in more like 2 months.   You don’t even have to understand day trading.  Just find the popular traders, and then follow them.  1Broker will place trades for you based on what the best and popular traders are doing (when you “follow them”).  I’ve seen some traders actually getting 200 to 300% return per month.  You set your limit when you follow someone.  This should typically only be about 2 to 5% of the amount you put it.  Otherwise, a small string of bad trades could wipe out your account.  There will be swings, some days with loss, and other with profits.  If you are scared, don’t even check in every day, just every 3 days or so.

A Beginner’s Overview of SteemIt – a Blockchain-based Social/Posting Platform

June 6, 2017

SteemIt is a content publishing and reward system that makes the users, or “crowd”, the “beneficiary of the attention economy.” What does that mean? You can earn a reward called Steem by either 1) posting content that is voted up, or 2) by voting up the content of other people. Steem can be converted into your own local currency.

Int he Steem 2017 Roadmap, the creators stated their goal: “Our long-term goal remains the same: to provide the best platform for censorship-resistant publishing and store of value to the widest user base possible, in an effort to increase human freedom and accelerate the spread of access to basic rights for all people on Earth.”

SteemIt runs on a block chain called “Steem”, and SteemIt is a front end website to interact with the blockchain (implying that other websites could do the same, using commonly available software interfaces). The blockchain is a public accessible distributed database, which records all posts, comments, upvotes and dowvotes and distributes the rewards. The state-of-the-art blockchain technology behind STEEM is Graphene, which also runs BitShares. The Steem blockchain was launched on March 23, 2016. Steemit, Inc. is a privately held company, but I think Steem itself runs like an “distributed autonomus company.”

Compare this to Reddit, Facebook, or even a new site like Medium. On those sites, the site owners profit from your work, where as with Steem, you and your fellow members profit. Steem is not mined like BitCoin, instead it is generated by doing the above activities, and can be earned by witnesses (similar to mining but different, this will be explained below).

Basically, member compete for attention and rewards by bringing quality content and adding value to the platform. They are rewarded by “tokens” which can be traded. Steem is not a way to “get rich quick”. Occassionally you may see a post that earns several hundred dollars, but there’s a good chance that that user has built a following over time, especially of other “power users” within the Steem community.

FREE to JOIN, POST, VOTE, and COMMENT

It is free to join SteemIt, and it is free to post, comment, and vote. Your phone number is required to avoid people and “bots” (robots or automated software) from creating multiple fake accounts. For those interested, there are actually ways to create anonymous or extra accounts for small fees. One of the downsides it that you must retain and not lose your password; the system has no way to give you a new one. It’s basically a security protection, to make sure your account is not stolen along with your hard-earned tokens.   Apparently there is a manual approval process; it took me about 5 days to get mine approved, but that probably is because of a recent conference where many of caused a surge of new members.

STEEM and Steem Dollars and STEEM Power and Reputation

There are two items that might be confusing at first: STEEM and Steem Dollar (SBD) tokens.
There is a third concept called “Steem Power” which you earn, but it cannot be traded or spent.

There is a Steam Reward pool, and you can get some of that by posting and curating (voting).
Any rewards are subjected to a three-day holding period before you can cash them out.

Steem is really just a point system, but since the points are altcoins, they can be traded on the market.

To recap, STEEM is the curerncy token for the platform. Steem Power is a measure of a member’s influence, based on how much he or she has contributed to the system. A person can convert his Steem Power to Steem Dollars slowly over a 13 week period in a process called a “Power Down”. Steem Dollars is another currency token pegged to $1 USD. Steem Dollars can be traded with STEEM and used to buy other things in marketplaces, such as PeerHub.com.

PeerHub is A marketplace with a social side. It’s similar to eBay, Craigslist, and/or Etsy combined. Use it to buy — and sell — new, used, vintage, and handmade stuff with people you know, in your local area, or anywhere in the world.

A “Reputation Score” is assigned to each user. It is based on a logarithmic scale, such that a score of 40 is worth 10 times more than a 30. STEEM and Steem Dollars cannot be used for reputation because they can be bought and sold.

Controlling what you see

Steem is an open platform meant to host and welcome any legal content. Users can post anything they want, whether it be phrases, quotes, blogs, anecdotes, photos, videos, memes, songs, and more. Be creative!

Because of this openess, that means people could post porn, hate, violence or other such material. The phrase “Not Safe for Work” (NSFW) has been adopted by the social word to describe posts that fit this category. By default, NSFW content is not shown; but you can click a checkbox to allow it to be seen.

You can also mute any user you don’t like, and of course, they can mute you too. You can see which users you have muted, but there is no way to see who has muted you.

Earning Money – Choosing your Reward

You have a choice of receiving 100% STEEM Power, or 50%/50% STEEM Power and Steem Dollars, or for some reason, they allow you to choose “Decline Payout” (I’m not sure why anyone would do that).

Technical Details

– Post size – up to 64,000 characters. (Most redaers are willing to read that much in one sitting.)
– Posting Images – you must resize your images before posting
– Posting Videos – Simply include the video link (for YouTube and Vimeo)
– Tags – can be utilized to categorize your post, up to 5 tags are supported
– You use language specific tags to identify the language used for your post
– There is a 20 second wait limit between comments to limit spam
– Text can be formatted using the “MarkDown” standard (see https://github.com/adam-p/markdown-here/wiki/Markdown-Cheatsheet)

Promotion with Steem Dollars

You may promote a post with Steem Dollars, causing it to show up on the “Promoted Tab”. If I understand correctly, this is one gives Steem Dollars financial tradeable value. For instance, a Steem member could post good quality articles and earn Steem Dollars. He could trade them on the marketplace to another user who was interested in promoting his article, i.e. someone who wants to do paid advertising. This creates a marketplace of people who have Steem Dollars to sell, and those who want to buy. Others buy Steem Dollars to invest speculatively, counting on the price increasing, when they can sell for a profit.

The Reward Pool

Each day, new tokens are generated by the system itself based on a “yearly inflation rate” (I have no idea yet what the inflation rate means.) 75% of those go to the “Reward Pool”, 15% to the holders of STEEM Power, and 10% to pay the witnesses that power the blockchain. (The witnesses are computers that run the system, the closest thing Steem has to cryptocoin miners, but still very different. Briefly, they are elected by those that have STEEM Power. According to the FAQ, there are only 20 full-time witnesses operating the system. But if you go https://steemit.com/~witnesses you see a list of 50. Maybe these are potential or available witnesses, out of which only 20 are full-time? They say you can vote for 30.)

From the reward pool, 25% is awarded to curators (people who upvote posts, thus curating it and bringing it to the attention of others), and 75% is awarded to the content creator (the authors). The amount the curator (voter) gets changes over time, because at first, a larger portion of it is awarded to the content creator.

Upvoting and downvoting doesing add or remove ‘currency’ from the reward pool; but rather changes how that pool is divided up.

Most importantly, votes are “stake-weighted”. Those that have more STEEM Power have a bigger influence, but high-staked voters don’t increase the overall rewards. So for example, Stan Larimer is one of the founders of BitShares and father of Dan Larimer, founder of SteemIt, so he probably has more STEEM power than most users. So if he upvotes your post, you will probably get a bigger reward.

Each post has a “potential reward” shown on the screen, and the number can go up or down based on the overall allocation of the rewards. So for example, if you post the best post of the day, you might have the biggest reward, but if that afternoon, someone else posts a better post, and it gets more upvotes and more powerful people (based on STEEM power) voting for it, your reward might actually go down.

Posts and comments remain active for 7 days. After that, you can claim your earned rewards to your wallet.

When you join, your voting power has 100% influence, but the more you vote, that influence goes down. They compare it to an “energy bar” in a typical online game. It gets recharged 20% every day. Based on this, you can get about 40 full strength votes within a day without totally depleting your voting power.

Beginners have no choice on how much of their power to vote with. But when you reach 500 in STEEM Power, you will see a slider when you vote, where you can direct between 1% and 100% of your voting strength to the particular post. This is one of the factors of trust; i.e. trust users are ones that have been on the system longer to accumulate that much STEEM Power, or perhaps invested money into the system to buy that power. Upvotes and downvotes use the same amount of voting power (but downvoting does earn curation rewards). You can see your own (or any other member’s) power and history on a third party site, such as http://steemd.com/@accountname.

The 2017 Roadmap

The roadmap quotes a report that says: “All data we have available suggests that most mainstream internet users have already or will soon stop using traditional personal computers to access the internet, opting instead for mobile devices exclusively.”.  Thus, they want to get Steem working on mobile devices as soon as possible.

They also recognize the need for a “signing service” to allow third-party sites and apps to allow users to take actions, without turning over their keys to that third party.

The Steemit, Inc.-controlled primary account, @steemit, which holds approximately 41% of the platform’s Steem Power, will be gradually divested of its holdings in an effort to increase
promotion and development of the platform, and this distribution shall further the platform’s security through decentralization of voting power.

To get an idea of how many developers are playing with Steem, check out the Steem Toosl and apps here: http://steemtools.com

In Summary

I suggest you sign-up for a free Steem account.  Add a profile picture, then get involved by making a few posts or blogs, replying to other blogs that interest you, and upvoting what you like.  Start to build your following, and you might have some Steem Dollar and Steem Power in a few months.

Signup For A free Account on SteemIt here:  http://steemit.com?r=nealwalters.  It may take several days to get your approval/confirmation email.

The Marriage of Gamification and Cryptocurrency

June 5, 2017

At the CSR Conference at LA Center Studio last week, we learned about four converging and disrupting technology/trends: 1) Gamification, 2) Virtual/Augmented Reality, 3) Cryptocurrency, and 4) Crowdfunding. This conference was put on by Matt Trainer, of “The Trainer Method” and “Consumer Reality Services”.

At the beginning of several sessions, the high-tech LED screen on stage showed the trialer of the 1997 movie “The Game”, starring Michael Douglas. What do you give to the man who has everything? Well, his brother, played by Sean Penn, bought him a custom tailor experience by a group called “Consumer Recreation Services”, which obvious inspired the name of Matt Trainer’s company. Michael Douglas life was spun into a harrow and life-changing adventure for a few days, but he didn’t know it was a game. It’s hard to imagine they could have actually orchestrated it, and kept the player safe, given all that he went through. But at the end, he was refreshed, and became a “new man” with a new lease on life.

Mark Hoverson gave a few talks on Gamification, and introduced his new book ” Reality Gamification: The Creator’s Guide To Transforming Our World.” Why was Mark qualified to speak on this timely topic? He has implemented his own WordPress gamification platform on at least two of his own brands: 1) Limitless, and 2) Invisible Empire, along with a program designed to help kids become entrepreneurs with “The Great Lemonade Crusade”.

In each of these platforms, people register and they get assignments and compete to get the tasks done. They can win prizes like a coffee cup, a backpack, a ring, or other SWAG. They may also have a deadline on their tasks, or they could even be kicked out of the system. Leaderboards and badges have been a part of gamifications. Even back to 1980 Atari games, winnners could put in their initials to be placed on the leaderboard of high scores, which probably encouraged a lot of additional quarters to be spent on playing those games in the video arcades of that era.

In the upcoming year, it will be easier than ever to now provide prizes in the form of cryptocurrencies. For example, BitShares is currently selling for about 7 cents a share. That’s a cheap prize to buy now, and it could be worth 1000 times that much in a year or two. So in other words, a share at 7 cents today, might be worth $70.00 or even $700.00 in the future. A company called BitSharea allows use to even create your own BitAssets in under an hour. For example, I have a site that teaches people the Hebrew language, so I could create a coin called HebrewHeroes or HebrewNuggets and give them away as prizes.

CSR has aligned with BitShares as the cryptcurrency of choice. It’s 1000s of times faster than the current BitCoin implementation, and all kinds of flexibilities built in. Stan Larimer and Michael Taggart from BitShares were at the conference, and it was Stan’s son, Dan, who basically created BitShares.

So gamification is fun, but how does that help you as a business person? If you sell an “info product” or a course, we know from statistics that a large percentage, even as much at 90% of the people that buy a product never use it. Back in the days of physical products, many never even unwrapped or unboxed it, or played the first cassette, audio-CD, or DVD. With online courses, people forgot they bought it. They might login once or twice. Other want to learn, but they get discouraged and quit.

By making learning a social game, it brings out the best in people. Some are really into the competition. Others just need the course broken down into simple steps they can follow. Each time they complete a task, they get some points, or a badge, or earn some SWAG item, then they get a release of dopamine and/or seratonin in their brains; and they come back for more. Look today at people who are addicted to their PlayStations and XBoxes. Some are known to lock themselves in a room and play all night or all weekend, or even be late to work because they are playing a game.

Gamification also increases the customer satisfaction, because now you have students who complete the course, and then achieve the desired benefits or outcomes of that course. Then they are happy they bought it, and more likely to refer you, your company, and your products to their friends. In Mark’s courses, posting on social media is even one of the tasks, in order to help make the course go viral. A happy customer is also likely to upgrade to more expensive products and buy future courses from you.

I will be working with Matt Trainer’s team on the upcoming July 4th launch of Mogul – which will a gamified course of how to make money on the internet, i.e. how to become a mogul (an important or powerful person). To learn more about it, there is a box on the right of this blog where you can sign-up to get notifications when it becomes available. It’s targeted for July 4th, so probably the week before that, we will have the first videos about what this game will be.