Fun fact: It took me 5 days of hard-core research until I fully understood entire economic model of Steem, it is harder than understanding Bitcoin.
I didn't even try to understand, I probably missing many points. Well, I just leave it to time.
Also I'm glad that espoem reached out to you. Personally I like your moderation reviews.
You should. Its fascinating.
The aligned incentives of users and no-censorship are best parts of it.