Good guide here. My concern is why does this need to be so insanely complicated? And what appeal does this have to people outside cryptocurrency enthusiasts?
I can see content creators/curators being interested in owning the social network, and being paid for their work. I can sense this gaining some momentum. But I'm also concerned that there's something wrong or scammy about it. For example this post has been noted to gain $4,906 so far. Has it really generated that much value to the community and the general public?
I would like to see this succeed but I am concerned about where the money is actually coming from. The VCs who are initially bankrolling this might not be too happy that Steemit it giving out thousands of dollars to contributors who are just writing about the platform itself.
I'm just a little confused and confuddled - that's all.
Good point about the actual value of a post. As to Steemit "giving out thousands of dollars", think about this. Steemit is just awarding Steem and Steem Power. Those tokens only become dollars when you go on the market and trade them to some other person. So, Steemit gives you something it created. Then someone else gives you money for it. Voila! Steemit never gave you dollars.