You are viewing a single comment's thread from:
RE: Ditching the Socialist Approach on Steemit - Make Steemit a Genuine Free Market or Watch it Fail
"Bitcoin creates new currency all the time and it goes to those who invest the most in mining rigs. " but Bitcoin is not fooling people into writing articles which goes un-noticed and later get recycled by so called "whales" to get all the upvotes and money while so called "Minnows" end-up with nothing but half a vote and ass-kissing.
Exactly, Bitcoin rewards MINERS with additional tokens for helping sustain the currency. It does not reward those who buy Bitcoin and hold it in the same way.
Holders (or HODLERS lol) see a reward by selling their tokens when the purchasing power of the coin grows, they don't just get free tokens by delegating them to themselves and their friends all the time.