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RE: I Called John McAfee & He Won't Join Steemit Because Of This Flaw...

in #steemit • 8 years ago

75% of the money goes to you, 25% to your curators. Of your 75%, half is allocated to Steem Dollars (which can be immediately liquidated to fiat via an exchange) and half is allocated to Steem Power (which are tokens that increase your influence on Steemit).

8 years ago in #steemit by
$1.31
  • Past Payouts $1.31
  • - Author $0.99
  • - Curators $0.32
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     8 years ago 

    And while I have your attention, the more steem tokens and steem dollars I have, the more I get? I see in my wallet that every day I have more steem tokens. And powering up is turning steem itself into steem tokens?

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       8 years ago 

      I believe you're earning more STEEM tokens because they're being held and interest is accruing.

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       8 years ago 

      the interest rate for holding steem power is 90% per year

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       7 years ago 

      How is this even possible? Where is value coming from?

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