1.) If you are into bitcoin for some time you already know that people who are actually producing new bitcoins, according to algorithm, are called miners. So thanks to miners bitcoin is issuing new currencies, new bitcoins and spreading it amongst the miners.
Steem is doing the same thing but unlike Bitcoin, Steem is giving money to users of social network called Steemit instead of miners.
2.) Another source of creating money is steemit stock issued by steemit company. On the one hand you have Facebook, Instagram and other sh*t networks where all money created by users by posting, commenting, connecting, advertising and so on, goes to owners, workers investors.
And on the other hand you have steemit that is all that money giving to us.
3.) And the last source of money on steemit that I know is from fees.
Example, I buy chocolate with steem currency online and I pay 0.1% fee. That 0.1% of fee is also going into steemit.
Photo source: https://pixabay.com
very logical explained, thank you! if you could develop your ideas more in the next posts, i would be grateful :)
I have a really worried feeling that the way steem is progressing and making money, is making me feel scared that the bigger companies might try to take it down, as it poses a big competition and possible a revolutionary one where people would get off from Facebook and twitter and get on steemit.
In my opinion steemit is just begging soon more and more web pages like steemit will pop out. Just like Bitcoin was first and now we have ~ 1000 cryptocurrencies
,nice info 👍