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RE: Why is Steemit Awesome? Passive Income
Steemit is also like having dividend paying stocks. You hold onto them for the dividends and not to trade them for price gains. You are paid to hold for the long term. As long as the cryptoeconomy grows, we also have the potential to realise significant gains in the value of Steem.
Exactly, you can reinvest the earnings into more Steem or take some out as well. So many options
Great analogy!
Steemit DRIP! (dividend reinvestment program)
That's a term that people will understand readily. Thanks!