This is a great post! I now understand the whole distribution process and why the need for each token exists, however, I'm still confused as to how exactly Steemit (the company) is able to pay out all of these rewards. I read somewhere that they take an amount from everyones wallets to distribute. Could they also be leveraging the inflation or rise in value of Steem?
RE: How Does Steemit Reward System Work? Complete Research Paper on Steemit Economy and Reward System!
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How Does Steemit Reward System Work? Complete Research Paper on Steemit Economy and Reward System!