so it means that for example, NY times would create a coin using the steem proposed solution, then anyone holding those NY times coins will get paid for commenting on NY times posts? Is this the use case. Does it work vice versa so that NY times would get paid for what they post on their own sites? I didnt get that part. So essentially it could monetise all forms of blogs, media, websites, content producers etc? Did i understand correctly
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It would work the same as on here.
The NY Times could create a token which then was used to reward the readers and content creators. So perhaps the authors of the articles got 50% while 25% goes to curation and 25% to NYT.
Of course, the percentages can fluctuate but you get the idea.