RE: Who pays for the blogging and curation rewards? (Part 1: STEEM POWER)

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Who pays for the blogging and curation rewards? (Part 1: STEEM POWER)

in steem •  8 years ago 

I read through this post twice and am still confused at bit. I guess I gotta dust off the whitepaper

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In the first two paragraphs, I summarize the linked sections of the white paper in a way that is more concise than all the wording there. Perhaps I should unpack my summary some, but I am too sleepy to do it right now.