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RE: Why There Is No Such Thing As "Draining The Reward Pool"
Thanks. :) Feel free to spread the word if you think it will benefit others. Way too many people are mistaking Steemit for Tsu, or other content paying platform which has nothing in common with what Steem does.
Could you elaborate on that?
In Steemit there is not, yet, the concept of tipping, nor is any advertiser that pays directly. So money comes from inflation. It's pretty much what I already described in the post :)
I meant.... what is Tsu... what's the difference there hahaha I was specifically asking about what makes Steemit different than Tsu (which i am unfamiliar with) but how is Steemit different than Tsu - or any other similar place... (not sure if i'm asking this clearly)
Another thing about Tsu was that you had to amass $100 of reward before you could cash out. With Steemit, you can cash out as little as a fraction of a cent's worth of Steem at any time. With Tsu, I never made it to $100 so all the months of work was for naught. However, there were a few early adopters who made it to the $100 cash out level.
Tsu is a defunct social media platform that used to pay people to post. Allegedly, money cam from advertisers (as far as I know).
Can't reply below... but why did it go down? Answer I guess more importantly ... is steemit making better choices than Tsu? ... and what wouldn't be some warning signs that Steemit would be heading in the same direction as Tsu? Sorry for so many questions... lol but it's how we learn ;)
Steemit has a completely different approach. Please read again the article to understand the differences. Probably the most important one is the fact that Steemit is backed by a real crypto-currency.