Actually, the money increases a certain amount each day, this is simply the distribution scheme. No one has to lose, and everyone who's willing to produce quality, desirable content can get paid.
RE: Results From Using 'Promote'
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Results From Using 'Promote'
So, money comes out of thin air? I don't think so. The majority of "compensational" value is locked up in STEEM Power for years at a time, under the assumption that there will be an increase in steemit's userbase.
Someone has to lose, period. Your stake in STEEM increases at a certain rate, not your "money". The distribution scheme does not matter, because STEEM acts as a central banking authority, much like the federal reserve.
Is everyone, who's willing to produce, in the US, rich?
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They double the supply of steem dollars annually, read the white paper. Then as a commodity, it is traded for bitcoin, then dollars. The value, as is the case in most financial instruments, is perceived. The same is true of the dollar. We all agree to use it, thus it derives its power.
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As long as steem continues to rise, and more users adopt it, the value will increase.
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