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RE: Price, An Accomplishment, and an Invite..
I've been studying the white and blue paper of late..yes. ..me ....studying!
From the blue paper..
Different from PoW-only cryptocurrencies, tokens in Steem are generated at a fixed rate of one block every three seconds. These tokens get distributed to various actors in the system based on the defined rules of the blockchain
Who's energy is used (provided) - to actually produce the tokens, to then put in the rewards pool? (witnesses, steeminc, the users?)
It has to be someones, somewhere, somehow..
I have a paper of my own coming up (well, a post) but I need this bit of info...
Witnesses mine the blocks, and our votes distribute them.
Thank you for this....(as I thought, but vital to know) .....I'll get writing....
Should be interesting...
It's a lot more than interesting(In my very unhumble opinion) ..... getting around to reading the white and blue papes was only made possible by having no internet connection! lol....A little overdue, I must admit.
I might write a couple more 'bite size philosphy' pieces first ....
They're all very relevant to my post about steem(it)
Part 1...
https://steemit.com/blog/@lucylin/a-life-of-ethics-and-steemit-lets-get-fundamental-philosophy-part-5