Here is my most recent contribution to Stishit (submitted for publishing).
What is STISH?
According to the Urban Dictionary, Stish is defined as “chill.” STISH on the other hand is a “cryptographic currency,” or cryptocurrency for short. It is a form of currency that only exists digitally (like Bitcoin), that usually has no central issuing or regulating authority, like a bank.
Cryptocurrency uses this decentralized “blockchain” system to record transactions and manage the issuance of new units. The “cryptography” of it all is to simply prevent counterfeiting and fraudulent transactions. Cryptocurrencies use blockchains to order and validate transactions. Blockchains are a natural fit and the best (and perhaps only) way to maintain a consensus about the state of a record among a decentralized, trustless network. In summary, posting to the blockchain it is like writing a check from your checkbook, and having multiple accountants verify your math and your checkbook balance for accuracy.
How Is Cryptocurrency Valued?
A Cryptocurrency has value because people think it has value. Just like fiat currency, people believe that it has value therefore it does. Is it backed by any physical asset? Nope. Just like fiat currency is no longer backed by gold. While there might be several factors that determine the value of cryptocurrency, the most important is utility and supply and demand. Some cryptocurrencies like STISH are also valued based upon a proof of work (POW) system whereby it takes work to create the currency, therefore it has value.
WHAT IS STISHIT? (STISH-it)
Stishit is a social media platform where members earn rewards that easily convert to the digital cryptocurrency STISH. Because many people are now getting involved with cryptocurrency for the first time, we created an entry-level platform that makes learning about cryptocurrencies easy.
Do you like Facebook but hate that you are doing all the work and they get all the profits? Is Twitter or Snapchat your go to app but you feel like it is missing something? Are you posting on Instagram and building a massive following but think to yourself, “Wow, I take all of the pictures and do all of the work and these guys get all of the money!” If you think that it just doesn’t seem fair, you are not alone. Have you ever thought that perhaps maybe they could all share the wealth with their content creators that make their platforms so great! Don’t count on it.
On Stishit, members essentially do the same things as they would on any other social media platform and they are rewarded with a digital token that can be exchanged for #stish. It can be exchanged for cash or traded for the cryptocurrency of their choice, even Bitcoin. Thousands of people have already joined our new and innovative community and are already earning!
The way we see it, Social media shouldn’t take up your valuable time without some reward. Earn it, Buy It, Trade It. Live the Stishit social way where people chill and enjoy life. STISH is Cryptocurrency made easy by Stishit. Get your STISH today!