Yes, instead of paying the miners who secure the network like in Bitcoin, Steemit pays us to post comments and upvote.
RE: Where Does The Money Come From? How STEEM Works!
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Where Does The Money Come From? How STEEM Works!
I thought they earn from traffic at first but this explains better
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I’m glad you get it now :)
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It's human psychology and incentives. It sounds "wrong" that we're getting paid for comments and upvotes. If I make a sale at work and create value, I get paid commission. Same concept. Steemit gets better content, more views, more people in the ecosystem, we all get a cut.
Steemit sure as hell won't have a commission check bouncing, that much I can say.
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Cause you’re helping the plaform to find whats good and whats bad. You get rewards for that.
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