RE: If you have trouble explaining Steemit to someone.. Show them this!

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RE: If you have trouble explaining Steemit to someone.. Show them this!

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herverisson (70)in #steemit • 7 years ago

Ok, nice try but the main question anyone has once we explain Steem is: "Where does the money come from?". How would you explain?

7 years ago in #steemit by herverisson (70)

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stealthtrader (67) 7 years ago

Steemit pays you!

Steemit is the only site out of any of these that pays you directly through the communities "upvotes".

Now depending on how much voting power or "Steem Power" someone has on the site the more their upvote is worth.

So the answer is easy the people who buy Steem Power...

$0.77

1 vote

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albensilverberg (58) 7 years ago

I had to describe this to my Aunt last night. I told her it's really the investors who are fueling it right now. So as long as investors believe the market cap will go higher, it will thrive. In a couple of years more fuel than that may be required such as advertising (optional or otherwise) and possibly something like Etsy within Steem which people are already working on I believe.

$5.42

3 votes

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