wait i’m confused.... when they are talking about a business and there cost and stuff that is just talking about steemit.com right? not the steem blockchain right? I thought steem was a decentralized platform with no one in control? so is steemit just a website that interacts with the blockchain and that is what they are talking about? plz help me understand.
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The Steem blockchain would go on working with or without us. Steemit is a business that runs one frontend interface for the blockchain. We use the revenue we generate to produce code that can be used by the Witnesses to improve Steem through Hardforks. Some of that revenue comes from selling the STEEM we accumulated at the launch of the blockchain, and now some of that revenue comes from selling ads. Short version, the more revenue we get, the more free software we can contribute to the Steem ecosystem.
You are right. Steem is the blockchain. Steemit is a descentralized app that uses Steem. In my case I use @partiko a dapp that also uses the steem blockchain.
Posted using Partiko Android
Not just Steemit.com but also their various nodes: seeds, full RPC ...
Posted using Partiko iOS