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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem

in #ned7 years ago

Just to digress a little bit, how does steemit. Inc make it's profit?, because resources are needed to run the site.

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Steemit Inc. mined a lot of STEEM when the network was first launched. To increase the value of the STEEM that they mined, they run Steemit. If they didn't run Steemit, then their STEEM would be useless, as few people would use the network.

Hmm, I c. I was just curious seem people are able to earn here freely.

Yes, that's the whole point of Steem. It's free to join and anyone can earn rewards whether it's on steemit.com, busy.org, d.tube, dlive.io, etc., it's just not easy to earn rewards

Thank you. It is free to earn on steemit but not easy to earn, that is what makes steemit legit.