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RE: How Does Steemit Reward System Work? Complete Research Paper on Steemit Economy and Reward System!
Great summary. I read a lot of this when I started, but of course a lot of it didn't mean much to me at that point. As time went by, I picked up things here and there, the most useful point being the distinction between SBD and Steem.
Can't remember where I read it, but they said sonething like you can only "use" SBD on Steemit such as paying people eg bot upvotes or competition prizes, or transfer to others if you're feeling generous, or to buy Steem. Steem on the other hand can be powered up to SP, or converted to other crypto currencies and eventually to cash which is many's ulitimate aim.
Anyway, your post is a great summary to recap everything. Thanks.
Thanks a lot for your detailed comment. The fact that you found the required information from here and there made me realize how important it was to have all the required information at one place.
I am glad I was able to put in the effort and create this resource. I can see this helping people for a long time to come.
Thanks