Hey Steemit, where do the money come from? [dTube]
We've heard this before
I received a call from a viewer recently asking about where the money for the recent "tax cuts" actually "came from?" This reminded me of the common question that also applies to Steemit rewards, "where does the money come from?"
I've still not found a good way to answer this question for people. Do you have ideas as to the clearest way to explain?
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Coins are generated by confirming transactions that take place using the coins. The only value they hold to fiat is based on what people believe it is worth
This is one of the most important questions that should be on everyone's lips.
It's not just about building SBD, Steem power etc., it is also important that
This is the more reason Steemians must understand how Steemit works, must have a grasp of the block chain technology.
See, money Steemit doesn't fall from heaven or grow on trees here. It is the value people attach to content here that drives curation, upvotes, comments etc, and thus, produces money-value.
I hope more experienced Steemians can help us with a better explanation. Cheers
Your Posts are golden.
Yeah. I think writing down might have its advantages as well as disadvantages too.
When writing, you might not really get to pit down everything in the head.
But then in a video or an audio, u can get to say everything that comes to the mind.
But currently, I do more of writing cuz I'm not all that pretty to appear on a video. Lol.
Thanks for sharing
It comes from the same place it came from before. It's being borrowed.
Really great article made a good choice my friend
I wish you a happy weekend
Nice video!👏👊
Thanks @davidpakman. Brilliant and simple way to explain what is Steem starting from the very roots of the digital value
Something to really think about. With these complicated platforms/systems, it gets more and more difficult to find simple answers like these. Love the show!
Very informative. Thank you!
Also, I love your set up. I hope to get to this level one day.
i like your discuss... thanks for sharing your valuable post... i waiting for your next post...