STEEM — Where Does The Money Come From?

so welcome and today we're going to talk
about where does the money in steam come
from there's been a lot of concerns from
new users coming into the platform
they're suspicious about how this
platform works and they're wondering how
is the platform able to pay out so much
money to the new content providers so
there's basically three ways that you
can think about how new money is created
in steam it one way is to think of it
like Bitcoin where they issue new
bitcoins and other way is to think of it
like a company issuing new stock and the
third way is to think of it like a fee
on the users who use the steam currency
so the first way you can think of money
creation in steam it is to think of it
like the way Bitcoin creates new money
to pay for the miners who secure the
Bitcoin network so the way Bitcoin pays
its miners is to issue new currencies
issues new bitcoins every 10 minutes and
it pays this to the people who operate
the network so the money is created
basically out of thin air but according
to a certain algorithm
and the people who participate in the
network and secure the network get this
reward
so Bitcoin has been in existence since
2008 and many people were skeptical that
this system of creating new currency and
paying the people who sustain the
network would actually work as an
economic system but in the last eight
years Bitcoin has proven that this
system works Bitcoin is now a ten
billion dollar industry and steam it
aims to take this economic model of
issuing new currencies to the users who
participate in the system and apply it
to a social media network so the way
steam it does this is instead of paying
the miners who secure the network like
in it coin steam it pays the people who
post comments and at fault companies
another way to think about the money
creation in steam is to think of it like
a new company a new company can issue
new stock basically created out of thin
air to pay for workers investors and
stuff that the company needs so steam it
has its own currency called steam and
you can think of steam as a sort of
stock in the steam platform so when you
hold this stock you are exposed to the
appreciation of the value of the whole
social platform
and the platform as a whole can issue
new shares to pay for the people who
post a fault and comment on companies
another way to think of money creation
in steam is to think of it like the fee
on the users who use the steam currency
the steam currency is basically diluted
a little bit each year to pay for the
new content and the money is taken from
the people who use the steam currency or
speculate in the steam currency so these
are some of the ways I use to understand
how the steam platform pays its users
for conflict at BOTS and comments