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RE: Author rewards here are subjective proof of work, same econ as btc mining!
Thanks you-- that does put it in very nice simple terms for someone looking at Steemit for the first time, if they have a little cryptocurrency experience. I really appreciate your ability to describe things in terms of "the basics." We need more of that-- it's easy to look at a system and leave because "it seems too complicated."
Thank you for your kind words. Heartwarming <3