RE: Where Does The Money Come From On Steemit? (Is It Sustainable?)
Well we are the early investors by having Steem Power whether we earned it from blogging or by converting from Bitcoin. Steem is traded on the open market as I'm sure you know and SBD is as well but is debt against Steem that is supposed to be redeemable for $1 worth of STEEM but it is going for way more right now.
So you are an early investor / promoter of the platform. It would be as if you got a job with Twitter in 2006 and not only did you get paid for your work (Steem and Steem Dollars) but you also got equity in the company in the form of stock options that would be redeemable at a later date. (Steem Power). The nice thing about Steem Power is we can turn on and off the power down and get some of that equity out of the system if we need to. It is pretty sweet.
Right - like you said in the video (the Twitter example). Duh lol. I don't know why I didn't make that connection. It's funny - when you hold a paradigm - or even a question in your mind - sometimes you can hear the explanation and it doesn't click. Thanks for that :-)
I still have trouble wrapping my mind around the idea that we are making actual money on here. It's amazing. Even if a post gets $.05 or less ! When was the last time anyone earned anything by doing the same on FB /Twitter/ETC (not including affiliate links and the like)