So if this is the case, can you explain his wallet? and how he can afford to fund every new account that comes to steemit?
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So if this is the case, can you explain his wallet? and how he can afford to fund every new account that comes to steemit?
The funds in the steemit account were acquired via mining. No one is charged a fee and neither does Steemt Inc collect beneficiary rewards. I am guessing you are new here. This platform is run on a public blockchain where ALL the transactions are visible. I recommend that you do some research before jumping to conclusions.
Well acording to the blue paper its a mineless system, and the account has 4 million steem power more thank it did yesteray, but okay.
no need to track other accounts. just post, get rewards and calculate by yourself. You will find that at least 75% of rewards will be shipped to your wallet. the remaining 25% or less will go to curators who upvoted you. No fees.
posting via dmania cuts some rewards, but standard posting via steemit has no charges.
Initially all the tokens were mined into existence, several months later it was decided to remove the Proof Work portion of the consensus algorithm via a hardfork that was approved by the community via the witnesses. As far as the steem power in the account we can all see that it does not come from fees (it's a public blockchain and anyone can audit it). Again...do your research and don't make asumptions.
Probably pre-mined and contribution from random users. I don't see anything that will suggest anything you are saying looking at his wallet. https://steemit.com/@steemit/transfers
He supplies all the new users with steempower, he has to be collecting, there is no way he would not only be running this site for free, AND paying out of his pocket for new accounts. That just isn't good business.
You are quite new.
Just read around a bit.
Steemit is a company.
Read about @ned and @dan.
Just follow some Top 20 witnesses.
@aggroed is a good start.
@timcliff also.
Because your concepts of steem, steemit et al. seem a bit off. And there is not enough space here to explain everything in this little comment box ;)
well said.. theres always facebook that @infamusfiend can go back to...
Didn't want anybody to leave.. It's just.. Off all the things that are wrong with steemit, he picked the one, that is actually something good.
Delegating SP to new users.
sigh:)