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mjmj (25)in #steemit • 9 years ago
RE: Is Bitcoin a Ponzi too? A Simple Explanation about Where Does Money Come From for Dummies
The money comes from people who have been (or are) buying/pumping Steem. But why should someone buy Steem? What is the incentive of a reader (upvoter) to buy Steem? If you open…
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mjmj (25)in #steemit • 9 years ago
RE: Is Bitcoin a Ponzi too? A Simple Explanation about Where Does Money Come From for Dummies
Thanks for your story. But are you sure you are correct about the following? "Meanwhile, Steem Power holders have slight decrease from 96.0% to 91.4%, about 4.8% decrease. That…
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mjmj (25)in #steem • 9 years ago
RE: How can Steem Continue to Succeed? - A Story by Charlie Shrem
Upvoting and writing stories is in a way Steem's mining-part. But you have to keep in mind that your Steempower inflates with +/- 5% per year. So there is your risk. This 5%…
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mjmj (25)in #steemit • 9 years ago
RE: What is the Steem Network? Trace Mayer dips in his toes with Chris Coney
"Where does all the money come from?" I missed something in the discussion. I think it is very important to understand that the stories and upvoters get paid by the all the…
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