Fascinating, I had no idea!
Whew, we lucked into finding out about Steem even if it was only a few months ago, HUGE thanks to @itsmein3d for pushing us into it.
This all sounds like an excellent exercise in patience, which is what it's going to take (along with hard work, high quality, and a little luck) to make Steemit an awesome platform.
I know @captainobviou3 was asking about this as well, thanks for the explanation @timcliff!
Thanks for posting @alphacore!