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.
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.
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."