I heard that Steemit pays users through a block chain. That investors provide the money in hopes of expecting return on investment. I wonder how long investors will keep investing into Steemit? There must be a point at which the value of Steemit reaches its peak and stops growing. I still don't quite understand the Steemit business model or if there is one. Can anyone on here enlighten me on this? I am new here lol
I'm new to Steemit
8 years ago by inkwisitiveguy01 (25)
steemit is built on the blockchain which enables steem to be mined in a similar fashion to bitcoin. only her 90% of steem is distributed to users, with the remaining 10% going to the miners.
If you want to understand the business model better I recommend reading the white paper.
https://steem.io/SteemWhitePaper.pdf
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ok, thank you!
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