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RE: Is Bitcoin a Ponzi too? A Simple Explanation about Where Does Money Come From for Dummies

in #steemit8 years ago

@orly has it nailed, I think. Steem can only have value if people buy it. It cannot have value from being handed out for posting, curating, mining, etc. In the long run (other than speculation), the only reason people would buy Steem is so they can distribute them amongst content creators. This amounts to paid speech, aka advertising.

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