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It is not easy to understand the whole concept of Steemit because its economic fundamentals are quite different from other cryptocurrencies. Reading the document whitepaper Steemit 44-page thick is also quite confusing head especially if not impatient. The purpose of writing this article is to share my understanding of Steemit so far. It should be understood that I am also just beginning to learn it and not a Steemit expert, if there is any hope please be advised and more happy if you want to help correct it by commenting below this article. # Steem & Steem Power & Steem Dollar

![2.png](https://cdn.steemitimages.com/DQmNxfiW82MWh7XBwbdNgN4NHQXRaAHwNYHSGNpQoz6uZay/2.png) To understand the fundamental concepts of the Steemit economy, we must understand the functions of these three values. >- **First:** Steem is a unit value we can buy directly on the Bittrex platform exchanger, and note that it does not work like a BitCoin where it is stored as a value asset because every year Steem's total supply increases 2x. >- **How was Suppy Steem invented?** The answer is from Proof of Work when solving a block. Steem can be mined through Windows and the mining power is determined based on your Processor, not the GPU like Ethereum. ***"So Steemit Network starts from 0 supply and based on what's written on its whitepaper: there are about 800 new steems created every minute".***

![3.png](https://cdn.steemitimages.com/DQmcKQh4usZnDSoByF4vEDRLt3xhowohtkwu49ZsR9fF9DA/3.png) >- **Second:** Steem Power is the value of a unit that can be converted from Steem. For you to re-convert from Steem Power to Steem takes 2 years, gradually as much as 104x payment. Why 104x payment because steem power you convert to steem will be paid every week .. Due to 1 year there is 52minggu then 2 years equal to 104minggu. This process is called ***"Power Down"***. >- **Advantages Having Steem Power** is we will get Steem every time New Steem is created (still remember the above mentioned point that steam supply will keep increasing every minute?). ***"In other words by converting Steem Power to SteemPower we are guaranteed to get a steem quantity (in the form of Steem Power) which is more time-consuming than holding Steem".***

![4.png](https://cdn.steemitimages.com/DQmbKgQgcdi6eLdXkPqJ132wVCBcDnAbSpvJAhqRSYJkzBe/4.png) >- **Third is Steem Dollars:** Stability is very important in the economic success of any company. For that, Steemit has a unit value that we call Steem Dollars, which has a fix value (equivalent) with 1 US Dollar. # Is a Double-Blend Supply Steam 2x Fold Then Steem Value Will Drain Over Time?

![5.png](https://cdn.steemitimages.com/DQmbzHAfcwbtc5LnPGurrKQNz6qN6RLEbT2YWJpQbAv5UeW/5.png) # The Analogy of the Parable >Year 0: 100 Steem Year 1: 200 Steem Year 2: 400 Steem Year 3: 800 Steem Year 3.32: 1056 Steem >***Well .. in the year to 3.32 = 1056 Steam will occur splitting and the quantity of Steem unit will return to 105.6 Steem.*** The next question is what is the purpose of the spelling process? The point is that the Steem value distributed to the committed Steem user is committed to the blog post and the Steem Power unit holder is maintained. All these complexities aim to: *1. We can buy and sell Steem easily as cryptocurrency* *2. We can commit for the long term and ensure cability so there is no panic sell that can lead to market destruction.* *3. If we commit to the long term, then we will get the rewards.* *4. If we contribute (Post, Voting, Comment), we will also be declared.*

![6.png](https://cdn.steemitimages.com/DQmWncGuFmVTkfEyTt12rAZbujGxf5gYracr8KTzehoZyqG/6.png) Therefore, indirectly, every Steemit user will ensure that the Steemit site is always lively, making it a great success including introducing to people about Steemit and encouraging them to participate.

![7.png](https://cdn.steemitimages.com/DQmbL3AE9DPqVueobigK7M8XzdgHfWR7hwShxvChwxCX1k8/7.png) ![8.png](https://cdn.steemitimages.com/DQmQsGFoFvbgH3aHWeex7grPQTUpfh7yRWX7r1gbHMCB14Y/8.png) - **Image Source :** [1](https://steemitimages.com/0x0/https://img.esteem.ws/wjzhx2t7ey.jpg), [2](https://steemitimages.com/DQmcY5iWfVC4VaPjD1vTBe25mwf6o3tQVJVdBW4FjPgd96F/sunday%20market%20(1).png), [3](https://steemitimages.com/0x0/https://4.bp.blogspot.com/-UCbEgo70_ao/V4c2a-LGSvI/AAAAAAAAK5c/CVzzBh0chB0yeUP92GV_bAdAlaldA4XvwCLcB/s1600/memahami-steemit-fundamental-ekonomi-steempower-bagi-pemula-oneyesoneno-3.png), [4](https://2.bp.blogspot.com/-Uhdg6BvgqWo/V4c2aw75bEI/AAAAAAAAK5g/7znzFLIglrwkq8G7LmDpDwmTp3Ctkh7RQCLcB/s1600/memahami-steemit-fundamental-ekonomi-steempower-bagi-pemula-oneyesoneno-4.png), [5](https://cryptoforeveryone.com/wp-content/uploads/2017/10/steemitcrypto-for-everyone-604x270.png), [6](https://1.bp.blogspot.com/-Ls6cIIsZs6M/V4c393iSs_I/AAAAAAAAK54/FISYR-I_IpENkg_58aOzMU9CJ-LA7ShnwCLcB/s1600/memahami-steemit-fundamental-ekonomi-steempower-bagi-pemula-oneyesoneno-6.png), [7](https://2.bp.blogspot.com/-WygMBgIBb30/V4c4TfRaK8I/AAAAAAAAK58/oSO59QJ8eJIJ2ov6THKjs9rRMryDcRGgwCLcB/s1600/memahami-steemit-fundamental-ekonomi-steempower-bagi-pemula-oneyesoneno-7.png), [8](https://steemitimages.com/DQmdtKh3PndCfjLoqN2CcWRXvFnXns3K22RdsCmapWFd9py/steem%20dollar.png) - Referensi : [Oneyesoneno](http://www.oneyesoneno.com/2016/07/memahami-steemit-bagi-pemula-fundamental-ekonomi-steempower.html) # ~ INDONESIA ~ # Pemahaman Termudah Pemula Steemit Untuk Sukses (Fundamental Ekonomi)

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Bukan mudah untuk memahami keseluruhan konsep Steemit karna **fundamental ekonominya** cukup berbeda dengan cryptocurrency lainnya. Membaca dokumen whitepaper Steemit yg setebal 44 halaman juga cukup memusingkan kepala apalagi kalau gak sabaran. Tujuan penulisan artikel ini utk berbagi pemahaman saya tentang Steemit sejauh ini. Perlu dipahami bahwa saya juga baru mulai mempelajarinya dan bukan pakar seorang Steemit, jika ada salah harap maklum dan lebih senang lagi jika anda mau membantu mengkoreksinya dengan berkomentar di bawah artikel ini. # Steem & Steem Power & Steem Dollar

![2.png](https://cdn.steemitimages.com/DQmNxfiW82MWh7XBwbdNgN4NHQXRaAHwNYHSGNpQoz6uZay/2.png) Untuk memahami konsep fundamental ekonomi Steemit, kita harus memahami fungsi ketiga-tiga nilai unit tersebut. >- **Pertama :** Steem ialah nilai unit yg dapat langsung kita beli di platform exchanger kayak Bittrex, dan perlu diketahui bahwa ia tidak berfungsi seperti BitCoin dimana ia disimpan sebagai aset nilai karna setiap tahun total supply Steem meningkat 2x lipat. >- **Bagaimana Suppy Steem diciptakan?** Jawabannya ialah dari Proof of Work saat memecahkan sesebuah block. Steem dapat ditambang melalui Windows dan kekuatan penambangan ditentukan berdasarkan Processor anda, bukan GPU kayak Ethereum. ***"Jadi Steemit Network dimulai dari 0 supply dan berdasarkan apa yg ditulis pada whitepapernya: terdapat lebih kurang 800 steem baru diciptakan setiap menit".***

![3.png](https://cdn.steemitimages.com/DQmcKQh4usZnDSoByF4vEDRLt3xhowohtkwu49ZsR9fF9DA/3.png) >- **Kedua :** Steem Power merupakan nilai unit yang dapat dikonversasi dari Steem. Untuk anda mengkonversasi kembali dari Steem Power ke Steem butuh waktu 2tahun, berangsur angsur sebanyak 104x pembayaran. Kenapa 104x pembayaran karna steem power yg anda konversasikan ke steem akan dibayar setiap minggu.. Dikarenakan 1 tahun ada 52minggu maka 2 tahun sama dengan 104minggu. Proses ini dipanggil dengan sebutan ***"Power Down"***. >- **Kelebihan Mempunyai Steem Power** ialah kita akan mendapatkan Steem setiap kali Steem Baru tercipta (masih ingat poin diatas menyebutkan bahwa supply steem akan terus meningkat setiap menit?). ***"Dalam arti kata lain dengan mengkonversasikan Steem kepada SteemPower kita dijamin mendapatkan kuantitas Steem (dalam bentuk Steem Power) yg lebih banyak seiring waktu berjalan ketimbang ente menyimpan Steem".***

![4.png](https://cdn.steemitimages.com/DQmbKgQgcdi6eLdXkPqJ132wVCBcDnAbSpvJAhqRSYJkzBe/4.png) >- **Ketiga ialah Steem Dollars :** Stabilitas ialah sangat penting dalam kesuksesan ekonomi perusahaan manapun. Untuk itu, Steemit mempunyai nilai unit yang kita sebut sebagai Steem Dollars, yang mempunyai nilai fix (setara) dengan 1 US Dollar. # Apakah Supply Steem Yg Selalu Berganda 2x Lipat Maka Nilai Steem Akan Berkuras Seiring Waktu Berlalu?

![5.png](https://cdn.steemitimages.com/DQmbzHAfcwbtc5LnPGurrKQNz6qN6RLEbT2YWJpQbAv5UeW/5.png) # Anologi Perumpamaan >Tahun 0 : 100 Steem Tahun 1 : 200 Steem Tahun 2 : 400 Steem Tahun 3 : 800 Steem Tahun 3.32 : 1056 Steem >***Nah.. di tahun ke 3.32 = 1056 Steem tersebut akan terjadi splitting dan kuantitas unit Steem akan kembali menjadi 105.6 Steem.*** Pertanyaan seterusnya apa sih tujuannya diberlakukannya proses spilitng tersebut? Poinnya ialah supaya nilai Steem yang didistribusikan kepada pengguna Steem yg aktif berkomitmen dalam blog posting dan pemegang unit Steem Power tetap terjaga. Semua kerumitan ini bertujuan untuk: *1. Kita dapat membeli dan menjual Steem dengan mudah selaku cryptocurrency* *2. Kita dapat komit untuk jangka masa panjang dan memastikan kestabilitas sehingga tidak ada panik sell yg bisa mengakibatkan kehancuran market.* *3. Jika kita komit utk jangka masa panjang, maka kita akan mendapatkan ganjarannya.* *4. Jika kita berkontribusi (Posting, Voting, Komen) , kita juga akan direwardkan.*

![6.png](https://cdn.steemitimages.com/DQmWncGuFmVTkfEyTt12rAZbujGxf5gYracr8KTzehoZyqG/6.png) Oleh karena itu secara tidak langsung, setiap pengguna Steemit akan memastikan bahwa situs Steemit selalu rame meriah, menjadikan ia sukses besar termasuk memperkenalkan ke orang orang tentang Steemit dan menggalakkan mereka utk ikut berpartisipasi.

![7.png](https://cdn.steemitimages.com/DQmbL3AE9DPqVueobigK7M8XzdgHfWR7hwShxvChwxCX1k8/7.png) ![8.png](https://cdn.steemitimages.com/DQmQsGFoFvbgH3aHWeex7grPQTUpfh7yRWX7r1gbHMCB14Y/8.png) - **THANK YOU** **Salam Saya @miela** --------------------- [THANK'S FOR VISIT BLOG](https://steemit.com/@miela)

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