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RE: My First Post!
Oh man that file wasn't loading for me before, it is now! I'm going to give it a good ol read!
Oh man that file wasn't loading for me before, it is now! I'm going to give it a good ol read!
Although the whitepaper is out of date now in many ways. Importantly the rate of inflation is much, much lower than what we started with.
The source of money is basically: we have a pool of Steem which is constantly being filled. It has around 30 days worth of payouts (it cycles fully in 30 days). Every day, posts are paid out from the pool of money created. It's similar in concept to Bitcoin, but instead of only paying miners, we pay all kinds of contributors to the network.
ahh okay that really neat!