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RE: What is the point of Steemit?
Aside from the shaming language used to tell me that perhaps I cannot understand such a seemingly simple exchange, I do appreciate your time in trying to explain.
Where does the "money" come from?
Steemit "prints" it's own money, and we vote where to put that money? Similar to the government?
I really did wish it made more sense, but to me, people are writing content, other people vote up or down... then "money" magically appears for the people who do the best and most useful writing? Is this how it works?
Sorry I came across that way. That is why I threw in the part about economics. Steem creates tokens the same way government creates money, out of thin air. The difference is that Steem has a set supply limit and rewards to those who voluntary want to be apart of it. Governments have no limits to their supply and print money forever. They then use the threat of violence to make people use it. Money is only as valuable as what you get for it. Steem is valuable because of the information and community around it. Money is valuable because people value their freedom. That is why the US dollar is so valuable, because it is has highest threat to peoples freedom around the world.