Have you read the white paper? That will help. It's a little technical but a helpful read.
RE: Conversations With Your Younger Self
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Conversations With Your Younger Self
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I've read some of the white paper. I was a little confused admittedly. I found it more helpful to listen to those smarter than I contribute their 2 cents. What I struggle to understand is exactly how Steemit can afford to reward posters financially. I can definitely see a future buy out for this endeavour but cannot understand how it can remain profitable. I think from what I understand 90% of people are locked into SteemPower.
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