For everyone still confused about How Steemit Generates Value - Is this a Ponzi Scheme?

in #sbd • 7 years ago

i'm will miss a long answer about how STEEM, SBD, and SP work. For beginners, these concepts are too complicated.

From a large image perspective, this is how Steemit generates value.

  • it 's okay that Steemit creates a STEEM token out of thin air.
  • Even if something is produced from thin air, it will still be limited. 999.999.999 may be a large number, but still limited.
  • Value lies in its distribution. Through this complex mechanism, Steemit has tried to ensure that good content gets more STEEM and bad content will not get much.
  • The STEEM monetary value is guaranteed to use magic which is a blockchain.

So the answer is right in front of your face.

The value generated by Steemit ultimately comes from quality content produced by its users

sience Steemit generates value in content form, it is not a ponzi scheme. No need to think about this. Fin.

#value #steem #esteem
7 years ago in #sbd by
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