Where does steemit's money come from?

As long as you promote steemit with others, the first question is where the money comes from and who has the money to pay you. I didn’t answer much before, but now I will answer this question.

First, steemit is not giving you money, but giving you shares. This stock is Steempower, steem or sbd. Steemit now adds 10% of the shares to the author every year, and whoever should take more is the decision of all shareholders. When you get the steemit shares, you can sell the shares on the exchange and change the bitcoin, then sell the bitcoin for money.

There are three ways to get a steemit share. The first is to go to the exchange and buy a steem, such as poloniex, bittrex, and so on, and then power up to steem power. The second way is to write. The better you write, the more other shareholders like you, the more shares you get. The third method is mining, but it's hard. You need to be in the top 20 to dig more, and the rankings are voted by all shareholders.

Well, when we talk about it, many people will ask, why do you value this steemit? Why is it worth it? I will show them a example at this time.

At the beginning of facebook, there was no advertisement, no income, why was it worth? Because there are so many users, investors are buying in the future. When Facebook reaches 1 million users, in 2005, Accel Partners estimated Facebook value of 100 million US dollars, invested 10 million US dollars and took 10%. Shares, by 2007, Microsoft had invested 240 million to buy a 1.6% stake in facebook. At that time, Facebook’s estimate was 15 billion. At that time, in 2007, Facebook still had no ads and no income. Today, Facebook has 2 billion users. And finally started to have a large amount of advertising revenue, the valuation is 400 billion US dollars

Let's talk about another example. Everyone knows whatsapp. From the beginning to the present, there is no advertisement without income, and some are a large number of users. When it was sold to facebook in 2014, it sold 20 billion dollars, and there was no income at all. Companies can sell 20 billion US dollars, relying on what, relying on more users, the number of people using whatsapp has reached 1 billion, I also use whatsapp every day, the user is money, the user is its value.

Finally, back to steemit, now there are only 1 million users, we are also shareholders, so if you think that the number of users of steemit will increase, you can use three ways to get more shares. When Steemit grows tenfold or a hundred times later, your influence on Steemit is also ten or 100 times higher. When it comes to this, do you understand where the money comes from?