Can anyone explain where all this value is coming from? I understand steem power to be for the longevity vision of steemit and reward us accordingly for holding for at least 2 years but whats to stop people who are broke and blogging to just cashout all the money they instantly make within a single post? Seems like those people would love to cash out quickly and liquidate their earnings and slowly bleed the value of steemit which seems to be reflective of its price. I hope I'm wrong about how I've been feeling about steemit lately but the price aint doing so hot recently....
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
New steem tokens are issued to pay content creators and voters.
Normally, they would be worthless tokens, however investors buy them for various reasons (steem power, steem dollar 10% interest, speculation, etc) and thus those tokens that now have value can be cashed out by the content creator (or invested to his account, or have them sit there giving him 10% interest on steem dollars).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
From what I have read, it comes straight from the owner/company's pocket, assuming they use it write it off as an expense. Other social media sites, Twitter Insta Facebook Reddit, all are provided free content by their users so steemit plan on paying for their content which hopes to draw big names from other sites, I'm assuming. Definitely an interesting take and plan on following it to see how it plays out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes i invested about 600 bucks in it....not too happy at the moment....lost half so far
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Super post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit