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RE: Explaining Steem to Different Types of People
When you post content here it's more like making it public domain. Anyone can throw up a frontend and read data from the blockchain, and yes they can monetize it through ads.
I really had no idea it could be done. Obviously blockchain technology is transparent and I suppose all that is possible.
But this part
You ultimately own your account and have the power to edit posts to delete the content though if you wanted.
That is not entirely true, after 7 days what's written, written remains... Unchangeable forever, isn't it?
So the way it works actually is that it has nothing to do with the 7 days, nothing can be changed at the blockchain level. It's immutable ie unchangeable, when you edit a post, which you can do at any time on any post forever, you are editing it at the frontend level. So if someone built a frontend that just showed what was on that level and you edit a post and delete the data, it won't show up. But if someone who is technically savy REALLY wanted to see the original post they could because it's still there.