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RE: Steemit For Investors #3 - Is Steemit A Ponzi Scheme? - By Tai Zen
Hi Tai,
i really like the way you talk about how you compare how companies are started and funded. Specially the way you compare it to steemit.
May I suggest you talk about the interest rates for SP and SBD and payout times for each.
Thank you for the great show.
Quote from the white paper:
What this says to me, everytime a new Steem is created for content, 9 more Steems are created and distributed proportionally to SP holders. That's where the interest comes from.
NO it's saying that 10 tokens are created of which 9 go SP holders and 1 goes to voter/curators.