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RE: Where Does The Money Come From? How STEEM Works!
Yes, instead of paying the miners who secure the network like in Bitcoin, Steemit pays us to post comments and upvote.
Yes, instead of paying the miners who secure the network like in Bitcoin, Steemit pays us to post comments and upvote.
I thought they earn from traffic at first but this explains better
I’m glad you get it now :)
It's human psychology and incentives. It sounds "wrong" that we're getting paid for comments and upvotes. If I make a sale at work and create value, I get paid commission. Same concept. Steemit gets better content, more views, more people in the ecosystem, we all get a cut.
Steemit sure as hell won't have a commission check bouncing, that much I can say.
Cause you’re helping the plaform to find whats good and whats bad. You get rewards for that.