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RE: The first phase of the Steem FAQ and Wikee: Consolidation of Knowledge

in #steem9 years ago (edited)

I like that it's eloquently and succinctly stated, but I don't know if I like that answer.

Yes, it is where the value of Steem comes from, but it's not where the Steem Dollars and Steem Power are coming from.

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like all cryptocurrencies, its value is attached to its price on the market (haven't mastered out yet the vest concept... which is probably like gas in ethereum)

I get that it's where the market value comes from. But it doesn't answer how the value is transferred to the user. I think there needs to be something added to the answer: "That is where the value of Steem comes from. New Steem currency is always being created and some of the newly-created currency is then transferred to users who add value to steemit."