Glad it was helpful! I put together some things some months back with that 'ambassadortoolkit' tag, but only one other shows with it, getting into 'Where does the money come from' question, which always comes up eventually. It was before the economic changes, so some specifics might be out of date, but the general idea still holds.
Feel free to ask if you have any questions. I'm no crypto/tech expert compared to many on here, but I like to think I'm decent at explaining in non-tech, non-crypto terms.
Be really cool to see him come on board. One of my @steemittalk podcast hosts is a HUGE UFC fan!
There is a daily percentage of new Steem (the currency) created each day to be distributed. It's the equivalent of the US government printing new dollars and giving them away.
Glad it was helpful! I put together some things some months back with that 'ambassadortoolkit' tag, but only one other shows with it, getting into 'Where does the money come from' question, which always comes up eventually. It was before the economic changes, so some specifics might be out of date, but the general idea still holds.
Feel free to ask if you have any questions. I'm no crypto/tech expert compared to many on here, but I like to think I'm decent at explaining in non-tech, non-crypto terms.
Be really cool to see him come on board. One of my @steemittalk podcast hosts is a HUGE UFC fan!
I'll tune in next session.
You said "Steemit has a daily reward pool"
Where does this pool of money come from?
There is a daily percentage of new Steem (the currency) created each day to be distributed. It's the equivalent of the US government printing new dollars and giving them away.