Steem Vs Steemit: A Strategic difference

in #steemiteducation6 years ago (edited)

Many people, unfortunately, think that steemit and steem is the same (maybe because they sound alike? ) however there is a big difference between the two which I will explore on this post and hopefully most of steemit new members and some older members will better understand and appreciate the difference: Moreover, you should note that steem is more valuable than steemit, here are some few points:


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**Superior Blockchain **: the technology that power all in the steem ecosystem including apps is steem blockchain-which processes transactions faster than bitcoin and ethereum combined and thus superior than their technologies in terms of user experience and processing faster transactions (see diagram below).


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Cryptocurrency Vs Social Media platform: Steem is the cryptocurrency that powers steem blockchain ( note that investors are the backbone of the successes we are enjoying here especially those that buys steem and power up )and thus superior and separate from the social media / blogging site : steemit where we blog and earn steem dollars and steem power. However, steemit is great because most of us gain knowledge here by reading other people posts, learning from others about wide ranges of topics examples cryptocurrencies , life, travel, cooking etc and thus we see a huge value creation from the platform including earning steem dollars and steem which we can change for fiat and solve our financial issues. Conversely, however, the intrinsic value we get on the platform lies on steem because of the future value which might surpass 500USD in 2 to 3 years’ time.

Why?

The reason is steem blockchain superior technology (which is currenty undervalued) which powers tops application (Dtube, Dlive, Dmania, Busy, steemit) and upcoming Smart media tokens(SMT read about the topic here) .
Moreover, @lukestokes in his article about the subject argued that

Steemit, the social media site and how it interacts with newly minted STEEM distribution, is almost a distraction from the value of STEEM, the cryptocurrency. When we focus too much on the reward distribution and not enough on the STEEM blockchain itself, we create confusion for investors. They hear "scam!" concerning abusers on the social platform which distributes new STEEM and equate that to concerns about the currency

Therefore we all should understand that there is a big difference between steem and steemit however both are very valuable to all of us . Put succinctly, steem is the gem that powers the steem blockchain and steemit is the social media application built on top of the steem blockchain.

Do you agree? Send in your comments and or sugestions and resteem in order to teach your contacts and upvote in order to send in your support.

Click here and read my former post: Warning: Blogging / Vlogging Smart: A better strategy to making it on steemit and online

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yeh. I agree with you. On this platform we are getting a lot of information and knowledge about every thing either it is related to the environment or with the people.

Welcome and I wish you a happy weekend. Keep steeming to more success

Steem is an utility token of steem blockchain use to compensate the steem group. While steemit is an association who start the task and the maker who is likewise behind steemit.com which is an application that permit steem group to get to the steem blockchain. Beside steemit.com steem part can get to the steem blockchain utilizing busy.org, eSteem.ws, Zappl and so forth. Since steem blockchain is a decentralized in nature, even steemit and steemit.com will shut its activity steem is digging in for the long haul. Adjust me in case i'm wrong however those word is the means by which I clarify steem and steemit and steemit.com relationship to my companions.

This is an extremely elegantly composed article truly clarify the distinction clear and to the point illumination. There is no better method to clarify thank you such a great amount for this auto so great that it that I transfer it as well as I will steam on the grounds that a considerable measure of minnows need to know the distinction.

Very educative indeed. As a young new lady here, I really mix steem and steemit together sometimes especially when I discuss with others. This is clear now and for me, both are valuable to our well being here however steem is the creme de la creme as you rightfully indicated. Thanks a lot and a well deserved 100% upvote.

Good point, thank you so much for your comment...

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I really believe Steem will out do the other mainstream social media platforms as crypto-currency becomes more popular. As time progresses, the idea of not having to use advertisements to monetize websites will catch on resulting in social media platforms not having to please third parties as much. As a result it will be ultimately better for the community and people will have an incentive to create great content. Blockchain tech will be the future of everything man!

What is good about the post...did you read it?

Interesting article on the value of steem, you think its going to $500? That would be nice. Also i have never heard of "GOLOS" before looking at your picture, going to check that out now. [edit] Looks like a Russian Reddit, that should be worth a punt @ 20m market cap? a bit less than Steem's 900m market cap.

Thanks for your comment. I rather stay with steemit than going for Golos which usually have problems due to poor management.

Isn't the supply of Steem doubling once per year? Does anyone know when that happens?

This post is truly educating, we were debating about this in my whatsapp group chat some days ago, I am going to give them your link so that they can read for themselves

Welcome, feel free to see my older posts for more tips. I wish you success 9ja lady.

😊 thank you kind sir. Seems you have a couple of Nigerian friends or are you Nigerian?

I too am new and this helps I have bought steem and powered up. one concern is the 13 weeks to remove any from the wallet. But I am in it for the long haul. And I know the steemit platform will continue to grow. I wish it did have a few more user friendly features, like the ablity to find your contacts easier. Kind of like what FB has. But I do not want Steemit to go in the way of FB . Just a few more features for the not so technical and code driven users/ investors that are finding their way here. Thank you for you post. It was both helpful as well as informative.

I love steemit.gif

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Good point, I agree. Thanks for your comment

Steem is a utility token of steem blockchain use to reward the steem community. While steemit is an organization who initiate the project and the creator who is also behind steemit.com which is an application that allow steem community to access the steem blockchain. Aside from steemit.com steem member can access the steem blockchain using busy.org, eSteem.ws, Zappl etc. Since steem blockchain is a decentralized in nature, even steemit and steemit.com will closed its operation steem is here to stay. Correct me if i'm wrong but those word is how I explain steem and steemit and steemit.com relationship to my friends.

Good points..thanks for your comment

Thanks great post this really helps me out. I think I understand the whole thing now. Thanks for taking the time to inform us newbies. I'm just a minnow trying to learn.

What is good about the post?

The reminder to us all that investors are responsible for all of this. We should be thankful they have given us this opportunity to even be in their realm. Also helping people understand that the blockchain is superior tech to that of BitCoin and should be adopted by the crypto markets more for security and speed. What's your thoughts on the new Sphere launch

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