I've only been on Steemit less than two weeks and everything here is very new to me. I am so amazed at all of the unusual ways that money is played with in this economy.
I came here to post my weight loss and health information but in the last days I have been trying to read posts that explain the concepts about the crypto scene. I have never dipped my toe in here before.
The lottery idea is way off my radar normally since it fails so bad in the "real" economy. In that case, the government gets most of the funds and the little people are paying a tax they do not understand. But here? The rules seem different even as I do not yet understand them.
I will take a look at these links and soon get back on track to posting my work (maybe). Thanks for the explanation :)
Yeah I've only played lottery once (or twice?), just because everything about it is behind closed doors pretty much, and it's not so convenient to buy and keep track if i'm getting a reward. What true flip has made can be automated in every sense and shown to be fair and transparent with the blockchain (I'm taking their word for it since I'm not an audit expert). The same goes for the profit-sharing part of the token holders.
I think shifting our time from other social platforms to steemit may help out with understanding the crypto scene. Good to know you're finding it all interesting :)
Yes, I'm trying to drag my son in here to help me. I know he understands it from friends who are in it. I had the blinders on until now. But the money and the google visibility make my very glad I tried this. I'm absolutely amazed by all the technicality and the fact that it is so open. I did accounting for years and this is light years away different.