Hello
I am sitting in a coffee shop and the dude next to me just showed me he made money off Steemit so I'm going to see what this is about. It's hard not to be skeptical.
I am sitting in a coffee shop and the dude next to me just showed me he made money off Steemit so I'm going to see what this is about. It's hard not to be skeptical.
Check out @eeks' article about why Steemit is Bitcoin's Killer app.
Now you already believe in ? , @murphyslaw
i am intrigued but how is this sustainable?
https://steemit.com/steemit/@andrarchy/steemit-s-real-diabolical-plan-for-world-domination
This is a great response. Drawing the parallels to our current economic system connects a lot of the dots for everyday people.
The rewards paid to upvoted content creators (like your post) are paid using money (similar to bitcoins) that gets created out of thin air automatically every once in a while.
Part of this money that keeps getting created out of thin air automatically goes to people invested in the platform (people who have high Steem Power). You can buy this Steem Power with USD via bitcoin, and it's a lot like stock - gets traded on a special exchange within Steem. It can go up or down in price depending on supply and demand. But basically if you invest now, you reap rewards the more that new money gets created out of thin air over time, which is connected to Steem's new users posting new stuff and connected to people upvoting the good stuff.
The posting rewards bring in people who want to post stuff, as well as people who want to invest in the platform using bitcoin or US dollars, since they feel this thing is going to absolutely explode & are looking forward to earning a lot as those rewards get redistributed over time.
So basically, it's like a self-watering cactus plant. It keeps growing and growing, and if it ever grows too fast for its own good, the free market can regulate the price of Steem on the exchange, so that it slows down for a bit before picking up again.
Of course there's a lot of stuff that could happen that might cause it to fail, nobody really knows yet what will happen. But that's how it is sustaining itself.
is it like coins witch work with Proof of Stack?
I think that at the moment it is very stable , @murphyslaw
When you realized you have made more then 1000$ in 20 mins
Super cute picture!!!
Its true free money everywhere even in the link look
https://steemit.com/competition/@ph111p/competition-free-to-enter-win-usd100-equivilant-in-steem-guess-how-much-this-post-will-payout-at-the-next-payout
Welcome! I can already see that you are making some money. Im sure you'll be hooked and part of the community in no time!
so now how about the skepticism? haaaaaaaaa please kindly show another person the money you have made so far and lets keep spreading the Steem message. Bravo!!!
I don't usually comment on memes, but that cracked me up ahaahaha
They say that for the comments , too, can get a large amount of money ! It is also necessary to check ! , @murphyslaw
You've earned more than many people do in a month on plain paper !, @murphyslaw
Whether you are still a skeptic ? , @murphyslaw