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BI<>H❝•1.🔗🖼Spoiler—

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• 
  @machnbirdsparo(66)· 2394d

  Has delegation ever been compared to a sort of temporary dividend or maybe a rented franchise.

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  @myjob(72)· 2428d

  @crypto.piotr I know you are a busy man and you have a lot of replies to answer so don't fret over a response to me. I just wanted to say thank you for the steem and apologize, I do not know how you got unfollowed by me but I fixed it.

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  @myjob(72)· 2446d

  @crypto.piotr I see the messages you leave in my wallet but I do not know how the reply. Thank you for the 3 steem, but to answer your question I do not understand how the communities work and I have never heard of Hives. I do not understand how to delegate to someone but someone did this for me and it helped with my posting, without it I did not have enough resource credits to do what I wanted to do. Now that my reputation has grown I have plenty of RC. But now I am being downvoted just about every day so as I understand it I will lose my reputation and most likely run out of RC again. Anyway, I believe in crypto and will not let these people scare me away. I hope you have good luck with your project. I hope replying to you wallet comments is ok to do here.

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  @joshman(74)· 2446d

  How I explain delegating: Delegation of steem power is simply allocating the resources that you own on the steem blockchain to someone else. A larger delegation would entitle you to vote more frequently, and also a larger vote. It would also entitle you to perform more transactions on the blockchain such as posting. The delegator retains the steem power, but the benefits of holding it are gained by the account receiving the delegation.

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  @bitcoinman(78)· 2447d

  I think your explanation for SP is great, as for delegation can think of it as a safe way for you to allow your SP to be managed on your behalf to support a project or for automation purposes

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  @solarwarrior(67)· 2447d

  Hi Piotr my friend,

  to be honest I believe you should keep the explanation as simple as possible. 1.) As we are in the crypto world, everything has to be crypto.. hence we have steem and not dollars... and that's our currency. 2.) If someone wants to invest into the ecosystem he has to power up and that's equal to take your dollars and buy some shares on the stock market. Instead of a dividend each year he gets one each day, but only if he earns it by voting. 3.) At the same time he can provide services to the platform, e.g. blogging and can be rewarded by other voters in liquid steem and staked steem...
  4.) the password to his steem bank account and steem investments are the crypto keys.

  That should be enough for the beginning.. vests and all this other things are ways to complicated for a start... IMHO..

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  @manoldonchev(74)· 2447d

  I'll try putting it as simply as I can, the way I understand those terms.

  — Powering Up (A.K.A. Staking) gives you as a curator the power to highlight any chosen content. That power is equal to your share of all the potential attention that content can get. That way, the curator is also acknowledged as an influencer, alongside the author. Like in traditional media — influencers actually reach a new audience thanks to the audience they already have. But here, stake matters instead of the sheer number of votes.

  — Delegating is like entrusting your funds to somebody who actively moves them around for you. Or for themselves... That depends on your arrangement. Some people delegate in order to reward, i.e. empower, somebody else. To let them make the influencing choices. Anyway, all kinds of reasons here but that's the result of it.

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  @valued-customer(75)· 2448d

  I set out to read all the comments before commenting myself, but today I am limited in time and your post has generated many comments, so forgive me if my own comment mirrors another.

  I think your comparison to stocks is useful to experienced investors with a grasp of how blockchains work.

  However, I think it best to start at the beginning of what Steem is, and how it's functions stem from that, as that establishes a logical basis for understanding each.

  First, there is a pool of Steem: the money supply. All Steem is owned by legal entities, or what is conceptually comparable to legal persons. Our wallets are actually held pseudonymously, but the individuals holding the keys can be considered the owners of the Steem.

  The code inflates the pool of Steem at rates specified by devs, which creates a pool of new Steem that is not owned by anyone yet. This new Steem creates the Rewards Pool that is distributed as rewards to folks that create or curate content with upvotes. One publishes content on Steem apps such as Steemit, Dtube, and other platforms, and vested Steem holders upvote it which produces author rewards for the publisher account. Those that upvote content also receive curation rewards, and in this way the entire pool of inflation is distributed to the market.

  In order to cast an upvote on Steem, one must have vested their Steem. Steem is fully liquid, as the market bears. However, vesting one's Steem, called powering up, changes it to Steem Power, abbreviated SP. You cannot sell your powered up Steem before powering it down, which requires 13 weeks to fully revert to liquid Steem. Depending on how much SP you have, or Steem you have powered up, the value of your upvote to creators is larger or smaller, and the curation rewards you receive for upvoting are also. How much reward your upvote provides depends on the percentage of extant Steem Power you possess. 100% of inflation, the Rewards Pool, is distributed daily by the upvotes of SP holders.

  Delegations are simply enabling others to vote your SP as proxies, for which they receive the curation rewards. Delegations can be withdrawn at will by the delegator, but take one week to be fully restored to utility to the delegator. Delegates have increased SP to upvote content with, which increases their influence on content creation, and also increases their ability to generate curation rewards for upvoting content. Delegates do not own the delegation, and cannot transfer it, sell it, or otherwise dilute equity of the delegator in any way.

  Experienced investors should understand the concept of vesting, which is simply sacrificing liquidity of an asset in exchange for certain benefits. While distributing inflation from a pool of new tokens as rewards via upvotes is novel, the generation of the pool via inflation should be trivially understood by investors.

  There are other features that are necessary to a complete understanding of Steem, such as the variables affecting curation rewards, downvotes, payout, resource credits, SBD, votebots, and so forth, but the above is the basis which will provide a baseline of understanding the mechanism of Steem.

  For an accurate and refined grasp of those latter aspects of Steem, there are old posts that witnesses and devs have undertaken to explain them in detail, which you should undertake to search out and understand completely before trying to explain them to investors seeking more than an executive summary. I'd recommend providing the executive summary and then taking questions, as necessary to explain downvotes, SBD, and the like.

  Hope this was useful. Congrats on securing funding for @project.hope.

  Thanks!

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  @gadrian(76)· 2448d

  Hi Peter!

  First of all, I hope your work of spreading the word of Steem will be successful, because we need as much help as we can in this area.

  Let me give it a shot at explaining those terms.

  I will try to keep the explanations to the level of understanding of someone who never heard of blockchains, and, in your CEO person's case, who is familiar with business field.

  Let's say Steem is a company. A company has shareholders, executives and employees.

  Shareholders on Steem start to have a vested interest in the company through an operation called "powering up" the liquid STEEM. You buy liquid STEEM from the market, which you'll then be able to power up from your Steem account.

  Executives in a company, as well as important directions, as set by shareholders. Executives also report to shareholders. While in a normal company executives report to shareholders every quarter, half-year and yearly and unless something significant happens they are voted for a certain term, on STEEM shareholders any executive can be voted in or out of its position at any time. The higher the position for an executive on STEEM the higher the rewards and its responsabilities. Top 20 "executives" are the most important and there is no pyramidal style leadership with CEO at the top.

  The executives on Steem are called witnesses. Their main responsibility is to produce new blocks on the blockchain, without which Steem would not work anymore. Top 20 witnesses also decide if they accept or not a certain upgrade of the blockchain.

  The next part some may consider controversial. Because I'll put both developers and community in the same category: employees of the Steem company. That might be a little harsh for some developers, as they came to Steem not to be an employee ever again.

  Nonetheless, both developers and community work to improve Steem. And they are both rewarded for that, more or less by merit. The amount of these rewards is also determined by the influence of the stakeholders who voted for their work (including posts). For their votes on posts being published on the platform, if they choose to get involved, shareholders receive curation rewards.

  On Steem however, most employees, and definitely all executives are also shareholders. Which means they have a vested interest in the company and should be very interested in the well being of the company. As always, there are also certain conflicts, and people deciding to leave the company as there are others who consider, want or decide to join in.

  Explaining delegations may not be as easy to an outsider, but let me give it a shot.

  There are generally two reasons why people offer delegations on Steem:

  • for profit
  • to help out without expecting a ROI

  The second part is probably easier to explain with a real world example: charity foundations.

  I'm no expert in charity foundations, but I believe there is a way to reroute your benefits from holding stocks to a charity. EDIT: Oops: I was just explaining beneficiaries instead of delegations... This is hard to explain, really. Just a selfless act or one considering the greater good, the benefits of the "company" (i.e. ecosystem) as a whole.

  I'm having trouble finding an example for the first case. However, as everywhere else, the higher your stake is on Steem, the higher your benefits. That's a great motivator for people to increase their stakes.

  On the other hand, to increase the ROI above a certain level, some work needs to be done. Big stakeholders are either too busy or not interested in getting involved in areas like manual curation.

  That's where delegation for ROI comes in. You (the bigger stakeholder) you temporarily offer the benefits of a portion of your stake to another shareholder for a set ROI and a determined period of time. During this time, the stake is still yours, the voting rights for witnesses (i.e. "executives") as well as for Steem Proposals are still yours, the rewards are given to the shareholder who received your delegation. The benefits for the delegatee come if they manage to obtain a ROI higher than the one they pay for "renting" the stake. At the end of the period, the stake is returned to you with all benefits, unless you both agree to extend it.

  I hope this explains the two terms more to the liking of a business man.

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  @ocupation(71)· 2448d

  Hello @crypto.piotr there's a contest called elevator pitch in which steemians represent the idea of steem in less/not more than one minute. Given the facts you're searching for legit and yet simple to understand explanations it might serve you well.

  On the other hand, explaining delegation shouldn't be that hard.

  It's like lending someone "money" without a risk of getting "robbed" or being theft victim. If ones notices that his/her stake is being misused, he can easily withdraw his delegation and in matter of 5 days he's stake will be return.

  Imagine investors being able to lend money without being concerned about their stake. Furthermore, it's easy and very fast process where you can actually lend huge amounts of money without a need for third person and once you decided to do so, within 3 seconds the transaction will be verified.

  Powering up should be looked at like a security measures in case your account get's hacked, because witnesses and programmers might be able to help recover it before it's to late. On the other hand, powering up literally means one has the faith in the project and is looking at it from long run perspective. It actually means a lot in terms of sentiment and market pressure.

  Upvotes - that should be easy, part of the inflation is redirected to those who're contributing towards overall economy, thus raising the awareness... Facebook wouldn't be so god damn big if there wasn't for people bringing the value...

  I tried to keep it simple, hope it'll help... Cheers and good luck!!

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  @krischik(63)· 2448d

  Actually I live in Switzerland🇨🇭 and I'm very much looking forward the to the company “face reveal”.

  Delegations

  A lot of share holder have delegated their voting rights to the bank which manages their share holder accounts.

  Steem delegation is similar but better as you are in control of delegation. It's not automaticaly going to your bank.

  Unless you keep your Steem on an exchange. But that's a different story.

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  @askanything(54)· 2448d

  "In a classic system ( euro, $) the money is created each month and distribute to banks. In Steem the money is distributed to people who are participating but the friends of investors are earning much more than unknown participants." It is a good exercice to explain Steem to new people :).

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  @d-zero(71)· 2448d

  Holy.......... Thanks a great deal for what you are doing for the community :) I think your explanation for SP is spot on for non-technical people. I think of delegation as Airbnb or car rentals. You have full ownership of your assets. You let someone use it as they please and you can get paid for it or you can delegate for free.

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  @midlet(74)· 2448d

  Hi @crypto.piotr, so I went ahead and made a post as my reply to you. You can find it here.

  https://steemit.com/steem/@midlet/explaining-steem-to-different-types-of-people

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  @lucyho(47)· 2448d

  Thanks, I really appreciate your updates and I wouldn't be able to explainthe delegation part unless to say that I trust another person who has more experience and time

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  @thecryptodrive(70)· 2448d

  Delegations to me are a revolutionary blockchain feature that makes possible P2P digital asset leasing services such as dlease.io. In essence, the Steem blockchain is one of the few financial instruments that allow you to temporarily lease the utility of holding a token to another party, while retaining ownership of the asset at all times and having the ability to revoke the lease at any time by notifying the blockchain.

  Think of it as being a car owner and with an automatic remote controlled eject seat and homing technology, when you no longer want the other party to have the utility of driving your car which you own, simply activate the eject seat which shoots the driver out of the car and the homing beacon brings the car back to you. Delegation of Steem Power is even better because it is a digital asset which is not subject to wear and tear and depreciation.

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  @minismallholding(75)· 2448d

  There are already lots of great explanations here. I think your comparison to SP with shares is a pretty good one. Holding SP without using it will increase with inflation, but very slowly. Using it to upvote others earns much more, quicker, but you have to either do this manually or set up an autovote for authors you wish to support.

  My view on delegation is that it's a way to support someone without any risk, because you can retrieve it easily at any point. In this way it can be used charitably with no feeling of loss to you if they turn out to be scamming or they misuse it. Then, of course, some people hire SP out for an income, so by delegating you can easily get it back if they stop paying. Again, no real loss to you.

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  @ianballantine(55)· 2448d

  Thanks Piotr for the invite you gave to me in a comment on a recent @happyvoter article, to comment on this post.

  I applaud your courage. To talk Steem to owners of businesses with such aplomb, that deserves my standing ovation! I am used to talking to business owners and I know how to quickly impress on them their need to talk with me.

  Firstly, understand your clients. Get to know who does what, where and when, and so on. The research takes time, maybe 20 minutes on Dr Google and elsewhere. Also, always remember to do that one last important search: add "scam" after their business name, and you'll be surprised what pops up!

  Next, when making first contact, always assume the person you are speaking with is the primary decision maker. Often, and especially is SMEs, that decision maker is the gatekeeper: the receptionist or similar position. Telemarketing skills are awesome here, if you've ever had the pleasure of spending a few years telemarketing. I tell you, that experience is just so beneficial for generating ice-breaking moments, and the gatekeeper changes from fiend to friend. What helps here is a smile, always telecommunicate with a smile and that happy face often gets magically teleported on to the listener!

  Now, you have arrived at the hand or ear of the chief, the owner or owner's representative. Time is critical, so keep greetings short and relevant. If meeting in the chief's office, then a quick look around will tell you the type of person you're dealing with: family photos indicate family values, expensive artwork perhaps a collector and wealthy investor, laptop rather than a PC a person on the go, and so on. Just 2-3 seconds as you're sitting down and getting settled, then quickly shape your thoughts to reflect the priorities of the chief, mirror actions and thoughts, nodding your head, retain eye contact as much as possible. All these actions indicate to the chief that you're a good listener, perhaps someone to be trusted.

  Close the deal at the first opportunity. Again, telemarketing skills are useful here. As soon as the chief sounds interested, close. This is when you have the Steem representative's diary handy, so you can refer the chief to a senior official Steem rep. Remember, do not waste the owner's time, your part in this process is as an affiliate or intermediary because that is how you will be paid. Close the deal, say your farewells, then move on to the next one. Oh, and please do remember to talk to the gatekeeper and be real friendly; these people will recommend you to the clients they love dealing with so they change from gatekeeper to door-opener.

  I hope these few ideas help you Piotr, in your endeavours to make Steem great (again?).

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  @nanzo-scoop(74)· 2449d

  Hi,

  Thanks for reaching out. Great to hear that you are promoting the Steem blockchain and crypto in general to businesses.

  Here are my quick thoughts on explaining Steem Power and delegation (in layman terms) to people that know little about Steem.

  Steem Power - is a way for long term Steem holders to (1) receive interest on their Steem (2) have influence (voting power) on the platform. The trade off is that they need to 'lock up' their Steem for a period of time.

  Delegation - is a mechanism of donating Steem Power to another person or company. You don't lose control of your Steem, you merely transfer the influence (and interest) to someone else.

  Delegation opens up new opportunities for Steem investors to spread their influence and fund projects whilst retaining their principal capital.

  For example, delegating Steem could be an alternative way of Crowdfunding that gives a greater level of control to the donator.

  E.g. instead of pledging $1,000 to a project as you would on say Kickstarter, I could delegate 10,000 Steem. The project can use the additional influence (and interest) to help it grow. I can make my delegation contingent on the project hitting its milestones and adjust the level of my delegation accordingly. After six months, a year, two years (whatever period I like) I can withdraw the delegation, keep the Steem Power myself or delegate else way.

  All the best!

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  @cyemela(65)· 2449d

  So glad your back on Steemit @crypto.piotr.

  That's great, I also feel Steemit adds value to all social media users. Can be difficult to explain the rules. Most people are used to interacting for free. Crypto still a mystery to them. We'll see what the future holds.

  Best regards...

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  @missaj(64)· 2449d

  I wouldn’t know how to sell this to a company as well, heck it’s hard to explain to friends. However , the guys over at @reggaesteem are doing a decent job in getting some companies in Jamaica to be crypto friendly and accept Jahm so you could possible get some ideas from them. Peace

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  @nabil.nassiri(54)· 2450d

  I hope the trip will be enjoyable and beneficial at the same time, and that the benefit will be mutual. Congratulations to you, dear @crypto.piotr

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  @frankbacon(66)· 2451d

  Highly rEsteemed!

  

  Speaking of CEOs using SteemIt... The CEO of SteemIt should be using SteemIt... IMO.

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  @fotosdenada(67)· 2451d

  A delegation, to me anyway, is like a short-term, interest-free loan. I don't know a lot about how delegation works, really, but that may be a useful analogy. The recipient will, likely, be grateful and vote on your content so there is a possibility of a return on the investment that way.

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  @nurseanne84(69)· 2451d

  As I have been saying before, I am just too excited! When do we get more updates?

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  @cubapl(62)· 2452d

  I am extremely impressed with your effort in promoting steemit. I am not sure if you're putting more effort than official steemit workers responsible for it. Good job for convincing enterprises to power you up with the institutional money. I am going to follow your posts more carefully in the future, to observe how you will expand your business ;-)

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  @mintymile(69)· 2452d

  Hi, @crypto.piotr. I can't help out with explanation of all these terms, but I think you did it well explaning the concept of powering up.

  I did a crypto post recently - https://staging.busy.org/@mintymile/wazirx-and-binance-making-it-easier-for-indians-to-get-into-cryptos-incredible

  and tried to make @ph-fund a beneficiary in Steem-Leo but it did not happen, so could not make @crypto-hope a beneficiery, as it was not taking.

  It's very exciting to know your involved in a promoting a blockchain related stuff with STO, though I don't know about STO, I reckon, its security token offering, where your tokenizing the asset of the company's security, maybe share or something, heard about it somewhere.

  Good to know, you found support for @project.hope , its wonderful, you are helping out some Venezuleans.

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  @manuelgil64(71)· 2452d

  I imagine you must have made a titanic effort to explain all the terms and procedures related to Steemit, and not because people do not have the knowledge to understand them, but because their minds are focused on traditional financial investments.

  I wish you the greatest success in your new responsibilities.

  Cheers!

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  @flysky(72)· 2452d

  Very positive approach

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  @doingdailies(55)· 2452d

  hmmm ...

  i'm actually at war with Poland, one of your countrymen wrecked an account of mine in a war on sbi-share holders ...

  

  very bad for my composure ... i'm surprised to see you posting ... i thought you had enough after HF22 with the neo-downvote wave where profit is the new black and stuff :|

  Yea, Switzerland sure is, the swiss exchange started their own crypto-exchange last year i think , a few years ago they wanted an actual basic income (like sbi tried to when steem was STEEM) for the whole country, netting every single citizen about €3200 (monthly ...) that's how rich they are , they're not really part of the E.U. either and they don't keep the EURO for a currency , they're probably the last truly independent country on earth i went there once too, in better days, i seriously couldnt afford that right now but

  you, living in poland with a pretty wife from Malaysia , tripping the globe to switzerland in 2019

  i assume you're doing fine then :D

  if switzerland is on the side of crypto, then , INDEED , it can't be dying yet :D

  

  (the basic income proposal didnt pass btw, not because they couldnt afford to, but for the classic reasons like ... "people will stop working" and all that which has been proven, PROVEN in several experiments not to be true)

  see you around then ...

  oh : edit and p.s.

  in essence and short b/c steemit is costing me too much time for what it returns (i never been a facebook or twitter guy either ... ) all projects where basic income has been treated as such (unlike for instance finland where it was simply an altered version of wellfare, Basic Income means EVERY citizen, not just the unemployed or needy) has shown only that people would be prone to working part-time or 4/5 but not quit the job, which IN EFFECT opens up space for others in a market where labour is a commodity of its own now lol)

  gud then cya round, i need to do an hour of bookkeeping for my 20 cents a week here :)

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  @mmunited(67)· 2452d

  Delegating SP look like delegating Special power for particular case. In my country they ofter used special power when they want someone to do on behalf of them for particular case. But I don't know about other country. Eg If you hire a lawer you need to sign a special power to allow him to defend for you.

  Delegating Steem Power is the same thing I think. You can delegate SP for limited purpose. You can delegate your SP to bidbot expecting return from bidbots or You can delegate you SP to a community that helps other steemians. You can withdraw any time whenever the community or bidbots don't follow the rules and regulations. Eg Some case like bidbots is participating in a downvote war so that you can get money back as you expected.

  Other example is like a community is using your SP to use for his own good and not supporting other steemians as you expected before.

  In korean movies, The shareholders need to sign a special power to allow their shares to use for other. In this way they can get money from the candidate who need their shares. It is legal and candidate needs to show this signed Speial power document to the board of chairman.

  The advantage of Steem Power is you can still choose witness as you like even if you delegate Steem Power to others.

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  @freiheit50(71)· 2452d

  Interesting! So you are a steemit evangelist now. Go on, steem on, mate.

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  @gank(60)· 2452d

  Resteemed, keep up the great work!!

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  @coininstant(69)· 2452d

  Nice, the title should be one of the friendliest places on the planet, thanks for the memo!

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  @kingsmind(73)· 2452d

  love project.hope!

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  @mariita52(60)· 2452d

  Hi @crypto.piotr Thank you for the invitation to your post. Congratulations for a great and great job.

  I tell you my personal vision. I see STEEM and all its platforms as the only one, and a real way to save, without devaluing my money.

  Enter with a delegation that makes you Steemit of 16 STEEM.

  Thanks to the ** DELEGATION ** that made me 2 amazing Steemians I was able to maintain a better pace of work in healing.

  I hope to increase my SP to have a vote with greater weight.

  If I had a company I would support Steem and its platforms. To interact and encourage savings among staff. I would also use it as a way to award prizes, set goals, etc. Stay great!

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  @clayboyn(75)· 2452d

  Please remove me from whatever script or bot you use to spam me with your post links. Thanks.

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  @deranged.coin(50)· 2453d

  You just received DERANGED @crypto.piotr Keep up the great work, view all your tokens at steem-engine.com

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  @beerlover(65)· 2453d

  

  ^{View or trade BEER.}

  
  
  

  Hey @crypto.piotr, here is a little bit of BEER from @cloudblade for you. Enjoy it!

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  @cloudblade(65)· 2453d

  Power-up / voting / reward / authorization, The real idea is hard to define.

  Because I found that everyone's usage is different. Everyone has their own opinions, And different usage methods have been derived. these usage methods is very Inexplicable ...

  If we make a mistake, It should also be a program error, Because this is a blockchain.

  If can do that, is because it is programmatically possible, If steem don't let people do that, it because to change its procedure, Rather than asking people not to do that.

  For example, car manufacturers, Produced a car with a speed of 200 kilometers per hour, But told the car buyer, Can only drive 100 kilometers, Because when the car exceeds 100 kilometers, The car will fall apart, Therefore, no more than 100 kilometers can be driven. This is unreasonable. !BEER !DERANGED

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  @arcange(79)· 2453d

  Congratulations @crypto.piotr! Your post was mentioned in the Steem Hit Parade in the following category:

  • Comments - Ranked 5 with 56 comments

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  @spirajn(62)· 2453d

  This is great. It's exactly this kind of efforts that further the crypto affair in the world, step by step, meeting after meeting.

  I'm not exactly an idealist about these things, but I realize that the diffusion of the crypto economy will directly help our financial freedom, everywhere in the world, in this historic shifting to a high-tech financial dynamic. And I depend on that freedom right now, because of the financial obstacles of my society. So, naturally, I give your efforts a high value.

  Well, this issue about the better terms, definitions and understanding on cryptoblogging processes is very interesting. I have thought many times about this because I'm doing efforts to teach some people that have no knowledge about crypto or even technology. And I arrived to the conclusion that maybe the better way to teach these things is by making figurative explanations, not remaining attached to the specific terms used in traditional finances.

  As you well found, comparing between both dynamics (traditional and crypto) is not always so enlightening. It could lead to more confusion.

  Maybe this won't be proper enough in your case, because you are teaching businessmen and I'm teaching villagers and poor people, but perhaps you could find this useful:

  Upvotes and curation

  It's a like, similar to the one in Facebook. But in these spaces, every like produces value in the publication, produces money, digital money. A percentage of that value will arrive at the account of the author, one week later; and the other percentage will distribute itself among the people that gave likes on that publication.

  There is also a downvote, which is a dislike. It doesn't produce money, it prevents its generation. It's used to fight against abuses (ideally, but in reality there are many users that are not responsible enough).

  Powering up

  The people that evaluate a publication in this way, by liking or disliking, are the curators of that creation (somehow like traditional art curators). Their power to produce or minimize the money on every publication depends on the quantity of money they stake in their own accounts.

  The more money you stake, the more money you can produce or impede on every publication. And this account power (SP in Steemit, Steem Power) determines also the percentage you get for every curation (if you upvote). The more money you have, the more money you get from the curation rewards.

  The process of staking money in your account is called "Powering Up", and the inverse process (unstaking) is called "Powering Down".

  Delegate

  The money that is staked in an account can be used by another account, not needing to change in any way its original ownership.

  It's the process known as "delegation": To take a specific amount of Power (staked money) and just transfer its influence to another account.

  By this process the delegator still has the ownership over the money, but gives its power and influence to another account.

  In this way we can distribute our power safely among our collaborators, to make them able to curate and produce money for our common interests. If we stop wanting them to have that power, we can simply undelegate to get back that power (as we never lost the ownership over that money).

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  @akdx(70)· 2453d

  Dear @crypto.piotr, you are doing a great service to this blockchain. I hope you'll be successful in your mission. Steem is one of the blockchain which has a great potential to become the top cryptocurrency. But, unfortunately there are not so many people who are so dedicated as you are. Steem cannot progress without the active participation of millions of people who would like to join this platform. As a promoter one needs to know that there is no progress without people. That must be the top thing.

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  @josevas217(74)· 2453d

  Wao... friend @crypto.piotr

  This is a delivery to the platform, to steem to the block chain. I think it's great what you do, and behind it all there's a huge willingness to help others selflessly.

  For the average citizen, sometimes understanding what Blockchain and crypto currencies mean is difficult. But for those who already handle this issue of finance could be easier to understand. Although for many they also see the crypto world with some mistrust.

  Your work seems to me to be very commendable inside and outside the platform. What you are proposing here is a way to bring to the world something of how much we can do from this platform.

  Whenever I try to explain to someone about steem and steemit I start from what they already know, which are the traditional social networks (facebook, instagram, etc.) and from there I'm correlating the operation of steemit and how you can benefit someone with a vote while we also benefit from the return by curatorship. So it has become easy for me to make him understand who knows nothing about crypto coins.

  I hope that what I mentioned earlier will help.

  My support.

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  @deeanndmathews(79)· 2453d

  Thank you for the invite, although I still don't get it fully myself, so I probably can't be a lot of help. However, as a creative, this is how I understand it, and you may draw some useful points from it.

  1. Steem is created -- mined -- by the publication of creative work; that is, people come and bring their writing, their music, their art, and in return, value is created on the blockchain. It is the nearest thing to the "Art Exchange" no less a person than Beethoven said needed to exist 200 years ago that has ever existed, with the caveat that of course, the value getting back to the artist is not exactly guaranteed. The artist does need some human curation -- appreciation -- for their work, which brings us to...

  2. Steem Power, the form of Steem whereby a creative goes from merely bringing their work to the blockchain but also adding value to the work of others through an increasingly powerful upvote, and receiving a dividend for doing so. Through the accumulation of Steem Power -- or by converting Steem to Steem Power in a powerup -- creatives bringing their work to Steem change their position from one form of interacting and adding value to the blockchain to a second form: multiplying the value add by supporting the work of others. Which brings us to ...

  3. Delegation: the act of temporarily sharing Steem Power with someone else in order to enhance their ability to EITHER bring more value to the chain by being able to post more often (that was my story at first), OR to enhance their ability to give support to other's work and reap a dividend, OR BOTH.

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  @torico(63)· 2453d

  Memo: Dear @cryptopiotr. Let me start by asking you to read this memo as I have read yours:

  I hope you don't mind my little memo in your comments instead of in your coin transfers. I don't promote my content in this weird fashion. I find it intrusive and spammish. I find it reaallly annoying that you continue to send these memos to me.

  Today I would like to STEAL a few minutes of your time to tell you to PLEASE STOP. You are not only annoying me, but dozens of other people, with these dumb gimmicks. It's like getting a call from a telemarketer; you just want to tell them to eff off, because they KNOW you don't want their call, but they do it anyway, on the off chance someone is either too naive or too polite to say what I am going to say now.

  Please pay attention!. I will be polite, which is more than a telemarketer would garner. I am saying DO NOT SEND ME THESE MEMOS IN MY COIN TRANSFERS, OR IN ANY OTHER FASHION. EVER!! I do not consent to receiving your memos. If I am interested in your content I will look for it.

  I hope you appreciate my feedback and take it into consideration..

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  @culgin(72)· 2453d

  Hey @crypto.piotr, awesome work there and congratulations! It is certainly a remarkable feat to get external investors to support a project running on Steem. Most projects here are just able to get support internally within the Steem community.

  Regarding the explanation of SP delegation, I think it will be better if we can explain the concept of SP first. SP is actually an abstraction of VESTS. When you power up your liquid STEEM, you basically convert your STEEM to VESTS. As the name suggests, having VESTS means you have a vested interest on this platform. VESTS can be thought as stakes on this platform. In traditional finance terms, you can view it as shares of a company.

  Why do I say SP is an abstraction of VESTS? It is because there is a STEEM per VEST rate that is inflating over time. You can view the current conversion rate here (the S/V parameter). I think the reason for coining the term SP is to provide familiarity. Many of us do not know (and probably don't care) about VESTS, hence having SP, short for STEEM Power, makes it easier for users to relate to it.

  With this understanding, let's move on to the benefit of holding VESTS (again remembering that SP is just an abstraction of VESTS). By holding VESTS, I see 3 key benefits. First, you get to earn from the ongoing inflation. The longer you hold VESTS, the more STEEM you get when you power down. You can view it as a passive income. The inflation rate is around 8.33% per annum right now and will reduce gradually. You can check it here.

  Next, holding VESTS allow you to vote. By voting content, you get to earn curation rewards. I consider this active income as you need to make an effort to cast your vote on the content you fancy. Of course, you can do auto-voting, but I do not want to complicate things by discussing auto-voting here. With the recent HF (hard fork), you now also get to vote on proposals. Proposals are submitted by Steemians for projects that they want to start on Steem and require funds. Successful proposals will get funding from the blockchain. All these are done in a decentralized and automated manner. Last but not least, having VESTS allow you to vote for witnesses. The concept of witnesses can be one full article on its own, so I won't touch on that too much. Just remember that witnesses helps to validate transactions on this blockchain.

  Finally, holding VESTS also provide you with Resource Credits (RC). Any activity you perform on the blockchain will consume some RC. Your RC will regenerate over time, however, the maximum RC you have is influenced by the amount of VESTS you own. Hence, holding VESTS in turn gives you the right to use the blockchain.

  To summarize, VESTS (remember that SP is an abstraction of VESTS) allow you to:

  1. Earn passive income from STEEM inflation
  2. Vote on content, proposals and witnesses
  3. Acquire resource credits that are required to transact on the Steem blockchain

  With all these understood, let's talk about delegation and the differences of delegation in traditional companies' shares and Steem VESTS. First, let's explore what ownership of companies' shares give you. Owning shares of companies largely brings 2 benefits. First, the rights to receive dividends, in other words, to share profits of the company. Next, owning shares also allows the individual to vote for resolutions during the companies' general meetings.

  For companies shares, you can delegate your voting rights to someone else and have that person represent you in a general meeting. The person can then vote on your behalf. However, when there is a dividend announced, you are still the ultimate beneficiary of the payout.

  VESTS on Steem works in a similar way. By delegating VESTS, you allow someone else to use your VESTS to vote on your behalf. However, unlike companies shares (since there is no concept of curation rewards by holding companies shares), the person who helps you to vote gets the curation rewards. The person also gains the RC provided by the delegated VESTS. In other words, the recipient of delegation gains benefits (2) and (3) as mentioned above. However, since the VESTS still belongs to you, you can undelegate anytime and power down to gain the extra STEEM from inflation. So, by delegating VESTS, you won't lose out your benefit (1).

  This is quite a long reply, hope it helps :)

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  @maxwellmarcusart(80)· 2453d

  I'm glad you had a successful trip to Switzerland.

  The powering up explained make sense especially in the area of holding more share on steemit after you powered up.

  For delegation, I think it's a kind of leasing your shares to someone else due to one or two reasons; like to support the person to grow.

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  @f21steem(51)· 2453d

  Thanks for letting me know the latest post @cripto.piotr

  Posted using Partiko Android

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  @sarez(65)· 2453d

  Liked Voted and Resteemed.

  I hope and pray that your visit was very successful. It matters to all here- We rise with Steem. But potential support for @project.hope is the better news. I am curious to know what the company is and what are you working on.

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  @jdkennedy(53)· 2453d

  I don’t have much to add to the great comments already presented. However, I will say that this is the kind of dialogue we need to help us learn to articulate the value of the community we are a part of. Good work!

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  @josediccus(83)· 2453d

  You've basically done great with well having the idea alone to build something with steemit and well I know bringing real time companies to a venture as steem and steemit will be difficult that's why I believe you wrote this Post really and well I think you should get a featured publication to the whole of Steem and currently I've resteemed and I'll Share to Twitter to. Okay to to the business. As for delegation I usually explain it as having capital asset which people could borrow in real time and however automatically pays dividends for borrowing it and the most interesting thing is that it's safe to lend this capital asset which you've purchase with money because the blockchain handles the transaction with transparent.

  Then upvoting is also using this capital asset to reward let's say consumers of a particular brand on the Steem blockchain, it'll be more like having another online opportunity to have more customers, sell their products and well they can tip these people who will patronise and reward their business with capital asset which they have purchased.

  It's well challenging but I think this way isn't so bad, I'm not really a professional though so I hope it will make sense. I'm sorry I got the memo late.

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  @ebargains(67)· 2453d

  Great post @crypto.piotr! Love the way you present your thoughts and the formatting. Cheers!

  P.S. It is great to see more businesses getting behind the social projects on Steem. Also, Steem may be getting a heck of a lot more traffic and capital inflows due to the RUMORS that Justin Sun (Tron founder) is potentially interested in acquiring Steemit.com. Source: https://www.crypto-news-flash.com/tron-news-justin-sun-to-buy-steemit/

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  @pedrobrito2004(71)· 2453d

  Hi. @crypto.piotr

  I am glad to hear from you, that you are well and that you were occupied by a trip that enables new business proposals

  I appreciate the constant support you have for the @ project.hope and I like that you could talk about it during your business presentations.

  My handling of what corresponds to the terms and benefits of the STEEM network are not as good as I would like, but while I see the answers of @achim03, @yonnathang and @rentmoney I find that they have said everything I could have said and they have done much better than I would have said.

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  @betzaelcorvo(72)· 2453d

  Hello friend, you are a great financial enthusiast, we all have security and we have your success in steemit, in an easy way to explain and cover the whole issue, it is to explain that these communities such as one of the strong ones are steemit, they work with content didactic, in which the user publishes and at the same time interacts with other people, summarizing everything is like "FACEBOOCK" but the profits for your content, benefit you economically, bone, you do not waste your time looking at Stupid, or garbage material, the platforms Of contents such as steemit, they educate you and integrate you into the new world of blockchain, this is my point to explain this movement, greetings friend.

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  @enforcer48(75)· 2453d

  The real question is, what does this company do that requires a blockchain?

  Is the company planning on being a content creator? Or are they going to use the blockchain as a database like Splinterlands?

  If their idea is to use reward pool as a source of revenue, then it might be better for them to not be here at all. Any "business" that relies on the reward pool is not a business. At least, not one that brings value into the ecosystem.

  Some of the most important features they need to know are that transactions on the chain are free, and they can buy as much STEEM as they need RC. Anything else is extra.

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  @sacra97(77)· 2453d

  Pasando a dejar apoyo con resteem Greetings @crypto.piotr

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  @fitinfun(72)· 2453d

  Big congrats to you, @crypto.piotr. My advice is to call us STEEM since steemit is only one of the dApps; and about the worst one for new people to start with to boot.

  I have all kinds of information in the mega-minnow tips post. Delegating SP and the other topics you mention having trouble with are explained in some of the many links.

  You CAN Succeed on STEEM

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  @dynamicrypto(73)· 2453d

  Sounds promising yet there is a faction of bullies flagging anything that is not a novel that gets an upvote. Reward pool is for them only and they are pushing investors & business away. @steemflagrewards is a bully account flagging anyone earning pennies while many take hundreds doing much much worse, me promoting comments so they are not greyed out by SFR. Flags stop then I will cancel the promoting. Yet SFR just wrote in a message even defending myself commenting will earn bully flags... sad day for steemit...

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  @cyberspacegod(63)· 2453d

  Dear @Crypto.Piotr,

  That are really good news, it makes me happy that You're progressing in Your life while helping others, add to that the fact that it has the STEEM blockchain involved in it to be amazing!!
  And I would love to say Portugal is a good place for crypto/business, but only for the non-taxation of crypto-currency, beside that, this is a trash country unfortunately..

  Wish I could be of more use but I'm trying to deal with the suicide of a family member (last Sunday), and still trying to figure out my 'own' life..

  Would love to give You awesome answers/suggestions to Your questions, I think @Achim03 did a pretty decent job, and (forgive me Achim03) I make his, my words about the definitions..

  Ok, maybe I'll add that You might pass the idea of blockchain and crypto currency, tokens, etc.. being a transition "thing" from FIAT to a new "money" paradigm, so in the end no more 'money is needed =× (lots of trust needed..)..

  I see where it gets difficult to explain some of the stuff.. Anyway, I'll keep hoping and wishing You and Yours all the best.

  Thank You for inviting, and all the amazing work You have been doing, You deserve all the best!

  Yours,
  Cy

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  @logiczombie(67)· 2453d

  Delegation is the perfect loan.

  You give the money to whoever you want and you can take it back whenever you want. 0% risk.

  It's a phenomenal feature.

  Also, have them read "The Bucket Head Talent Show" short story.

  It's a quick and easy metaphor for how steem works.

  https://steemit.com/philosophy/@logiczombie/my-30-days-on-a-tv-game-show-part-one

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  @fernandosoder(67)· 2453d

  You gave me STEEM so I give your post a look.

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  @nachomolina(72)· 2453d

  Greetings @crypto.piotr! I congratulate you on your successful trip. I'm glad you got some support for @project.hope, that will mean a lot of help to many people ...

  These topics:  

  "Being hired as a project manager and being part of the team responsible for launching a completely legal STO and tokenizing the assets of this company."

  It's amazing news. I think they could allow you to get involved with the company and undertake large initiatives, such as:

  • Organize a Writing Contest
  • Promote the new token of the company
  • Make a marketing campaign
  • Publish the products offered by the company

  Regarding the topic of debate related to:

  Power Up and Delegations.

  Among the most important points I can contribute, I think they would be; Through the Delagaciones you can fortify the influence of a community or user, which could generate a certain profit margin, to both parties involved in the delegation.

  And the Power Up, basically is the similar way to strengthen the investment and the level of influences of an account within the platform. But it would consist of adding SP to the user so that his account takes on more value, as an own investment without the need to get involved with third parties ...

  Well, my great friend! I hope I contributed in some way. For now I say goodbye wishing you, good luck! Bye @nachomolina

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  @doifeellucky(65)· 2453d

  Hello Piotr,

  nice post! Very interesting! I'll be thinking about an answer to the questions you've raised!

  For now you've got my 100% upvote, a resteem and and share to twitter with the tags #steem #posh #project.hope

  Cheers! Lucky

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  @lisfabian(77)· 2453d

  Hi, I just want to thank you for your unconditional support. You are at the right time and if this joins with the right place you will be very successful. You are ready and that's what's important. If this suits you will be for you. Well I will continue waiting to read those plans, suggestions and contribute what is within my reach. Everyone will be attentive to serve you as you do with us. A hug and thank you.

  Translated with www.DeepL.com/Translator (free version)

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  @rentmoney(77)· 2453d

  Hi @crypto.piotr,

  What you wrote is very interesting stuff. I'm happy to read your trip was a success. Congrats on getting funding for your project and the added job you acquired.

  As for how I would explain Steem vs. Steem Power / Curation and delegations to someone who knows very little of such things I would put it as follows.

  • Steem equals the currency used within the Steem blockchain community. It can be sold and traded for many different things including Fiat.

  • Steem Power is what gives a person or persons sway within the community. The more you own the more influence one has. You can turn your Steem into Steem Power (This is known as powering up).

  • Delegation is just another way of saying lending to someone but the great thing about our Delegation system is that the lender (owner) of the Steem Power delegated gets to choose when they take it back. Lending with the use of Delegation comes with 0 risk of losing ones Steem Power.

  • As for Curation ... this comes back full circle to Steem Power. Curation is something we do when we see value in another persons content on the Steem blockchain. Basically its an upvote we apply to said content which holds real money value paid out in STEEM/Steem Power and SBD (another currency used on the Steem Blockchain).

  • Upvoting/Curating other members content does not take away our own Steem Power/Rewards it only adds to the content creators that we upvote. As a curator you will earn a share of the rewards the content you just upvoted/curated attains and so will everyone else who decides to curate that same topic.

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  @ironshield(76)· 2453d

  Excellent as always, @crypto.piotr I sense the proverbial "winds of change" happening on the STEEM blockchain. It has survived so much and in many ways it's still going strong. The STEEM cryptocurrency is extremely undervalued and I believe investors who jump on now will be very happy with their purchase long term, especially if they power up and make their investment (and influence) grow.

  I think "influence" is the missing ingredient for people to understand the Steem blockchain. It's not about getting large numbers of "thumbs ups", but about who is giving that support.

  Imagine if someone extremely famous were on Steemit (or other sites) and had the SP to back their societal status. There would be outright competitions to see who among the social elite aught to have the greatest influence. Enough people dropping a few $100K on STEEM each would have a very positive effect on STEEM value.

  IF we had an easy way to convert USD (or other currencies) directly into STEEM right on the various front-ends, we'd see marvelous things.

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  @worldfinances(61)· 2453d

  "Imagine that you're talking to person with basic knowledge of blockchain...." Here I stopped thinking about the answer :P

  But let's say you can present delegators as small investors. But with small daily payouts (depending on the volume of delegated money) without an ending date and with their right to withdraw money whenever they wish to.

  reasons why investors would like to proceed with delegations? I delegate. Reason: Mostly because I am not so active on Steemit so that I could use up all SP.....oh damn... I can not tell this to new guy, sorry :P

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  @intellihandling(64)· 2453d

  Dear Piotr, thanks to invite me to read your post, i am really happy you are going to develop your business to Switzerland, this is a very small country but full of working well companies, so i will be very curious to see the updates of your project about Steem, because i do not see very much improvement right now for this coin...:(((

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  @lanzjoseg(78)· 2454d

  Friend @crypto.piotr

  It is often very difficult to explain in writing, but I particularly use a method of comparison. One of my goals for 2020 is to get more people interested in steem.

  Now my field of action is the university where I give classes, so I use examples that these young people can know and understand more easily.

  The examples I use are analogies with video games since many video games implicitly have the characteristics of Steem.

  In that sense they understand it very easily because they identify the games and it is easier for me to explain the workings and characteristics of Steem.

  ---

  With respect to Switzerland. I congratulate you for the great opportunity you have to make Steem known to new investors, but best of all, you will be working with them as Project Director. A question now from Poland should you move to Switzerland?

  Greetings friend sent you a very strong fraternal embrace from Venezuela. Lanzjoseg

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  @bdupvoter(1)· 2454d

  Your post has been manually curated by BDupvoter. You can earn steem by delegating SP to @bdupvoter

  @bdupovter pays 100% of daily earning to the delegators

  Thank You

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  @martha75(59)· 2454d

  Hi @crypto.piotr ,I wish you an excellent day. Blessings for you and yours

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  @zekepickleman(79)· 2454d

  Hey it has been a while!

  I too am an advocate of business on the blockchain and have even brought one of my ventures @town-crier here. This one is a digital marketing company building up steem and the benefits of social blockchain here are obvious.

  I would say simply that every company big or small needs to be a digital marketing company of sorts. A digital marketing strategy is made up of many parts and steem is one. Advantages are linkbacks for SEO, income diversification, direct access to experts, and the dedicated community that is about to explode.

  You have always been such an advocate and evangelist. Great work Piotr!

  Posted using Partiko iOS

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  @majes.tytyty(79)· 2454d

  We know that you're a busy man, Piotr, and most of us realize that you are also a very AMBITIOUS man. So, of course, we forgive you if you happen to be out of touch every now and then.

  It seems like your trip to Switzerland was promising, maybe even fruitful.

  As for explaining STEEM POWER (SP) and the concept of POWERING UP, not to mention the DELEGATION of SP, that might be a bit difficult at times. Even after I joined Steemit, it took me several months before I understood those various points.

  So, I'd say that, whenever you have to explain them to a newbie, the best one can do is to make some simple analogies to clarify them in user-friendly terms, and to add that the newbies will come to understand more once they join the platform.

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  @yonnathang(75)· 2454d

  You've been missing here at Steemit these days. But we know of your high-level commitments. It is great news that you bring and I congratulate you for that.

  On the other hand, explain the whole system and what Steem means with its concepts of power up, delegations, among others. This is a complicated task.

  Powering up

  Can be understood as the investment you make, so dividends depend. If the investment is considerable, the yield in currencies (steem) will be considerable, besides boosting, we add value to the steem that we will obtain.

  Delegations

  It is a part of the power that is given to strengthen projects that are considered to be giving value to the blockchain. In other words, it would be a way to strengthen the ecosystem. It is like requesting help from other users to achieve a common objective.

  That support can generate a direct return if it is demanded to the one that receives the support and an indirect one that is the strengthening of the same platform.

  I hope my lines help.

  He sent you a fraternal greeting of congratulations.

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  @achim03(74)· 2454d

  Switzerland is really crypto friendly and I'm proud of it. When sitting in the McDonalds in Zürich at the Bahnhofstrasse with you we saw a tramway that was completely recovered in a banner of "Bitcoin Switzerland" ;-).

  I think that you choose well to try to explain the steem blockchain with terms that people can understand.

  My attempt to give some definitions

  • Steem Power = Shares of the blockchain that can bring you interests when you like stuff
  • Delegations = shares that are lend to a user by another user free of interests. The recipient of the delegation can generat interests by liking stuff.
  • Upvotes = giving likes to content. The more Steem Power you own the more valuable your upvotes become.
  • Rewards = According to the quantity and the quality of upvotes, a post gets a certain value. 7 days after publication this value will be distributed between the author and the people who gave upvotes.

  I realize it's not that easy to define this stuff ;-)

  Best regards, Achim

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  @j85063(70)· 2454d

  Hope the trip pay's off for everyone.

  Posted using Partiko Android

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  @fucho80(69)· 2454d

  Hello dear @crypto.piotr, thanks for sharing.

  It is certainly making a great effort for steem blockchain, steemit.com and project hope something that we should value in this platform.

  It's great news that you brought to Switzerland and I think you can count on this community to support your effort to promote this platform and @project.hope.

  We will be on the lookout for reading more about the subject.

  Thank you leader, go ahead!

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  @dpl(56)· 2454d

  Great to hear from you again man :-)

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  @jadams2k18(66)· 2454d

  Dear friend, that's great news. I'm glad you had a great trip.

  About your question I still didn't know how rewards, votes, and delegations work, you know? with all of those forks and stuff. Btw, I will write some of my lates experience on rewards I've been having lately on Steemit; they're quite unsatisfactory :/

  I've got a question, buddy: What language you spoke in Switzerland? English? German? French?

  It's good to know you're ok

  Stay in touch... Don't be a stranger :D

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  @steemitboard(66)· 2454d

  Congratulations @crypto.piotr! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

  You distributed more than 27000 upvotes. Your next target is to reach 28000 upvotes.

  _{You can view your badges on your Steem Board and compare to others on the Steem Ranking If you no longer want to receive notifications, reply to this comment with the word STOP}

  To support your work, I also upvoted your post!

  Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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  @shepz1(74)· 2454d

  Fingers crossed for you my friend, hope it all works out well.

  P.S. no apologies required, busy is busy end of.

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  @alokkumar121(82)· 2454d

  @tipu curate

  Posted using Partiko Android

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