I was wondering about the acceptability of voting up your own. Though, I still don't understand where the "money" comes from. I need to study more.
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I was wondering about the acceptability of voting up your own. Though, I still don't understand where the "money" comes from. I need to study more.
the rewards payouts come from new tokens that are created every day as part of the inflationary nature of the system. Therefore, the price of steem is directly related to the amount of money available to pay out post rewards.
I think I understand it now. I was stuck on the "mining" concept of Bitcoin, but the mining function is done differently here, and apparently mitigated by other factors, not just a simple function. And, I take it, it all depends upon speculators will to give dollars, or whatever, for STEEM, unless you just want to collect STEEM.