I just signed up for steemit today and I am so new to cryptocurrencies and block chain technology. I thought one could accrue steem dollars through upvotes, but you can also just outright buy them like bitcoins?
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Yep! And you can sell them later, after the price goes up.
So its both? Example to clarify: If I am a beautiful woman and I post pictures of me doing yoga in my bikini and it gets 10000 upvotes, that translates directly into STEEM dollars, kind of like reputation on a similar site like reddit? I used reddit for a while, but got banned for silly reasons.