Message from @Atkins
Discord ID: 479276946258395137
" All of these websites read and write content to the Steem blockchain, which stores the content in an immutable blockchain ledger, and rewards users for their contributions with digital tokens called STEEM. Every day, the Steem blockchain mints new STEEM tokens and adds them to a community's "rewards pool". These tokens are then awarded to users for their contributions, based on the votes that their content receives. Users who hold more tokens in their account as "Steem Power" will get to decide where a larger portion of the rewards pool is distributed."
But where does the money come from?
Because Steem tokens can't be used to do fuck all.
And if something isn't a medium of exchange it isn't money.
not sure, i kind of get the impression the miners are taxed to fund it
Like if I'm a creator on Steemit, how do I use my tokens to buy food?
looks like you can trade it, so you can sell it for either dollars, or bitcoin, and then sell the bitcoin
just guessing
since it has a market value of $0.866673 right now
cant see why it would be any different than any other altcoin
so a friend of mine got permanently suspended on twitter for basicly the most minor offences ive ever seen
It's going to be a really hard sell to people who would just like to get Paypal'd their earnings. I'm guessing that the bulk of people on youtube don't know or care about crypto and consider it some kind of black magic.
he made 2 videos about it if youd like to see <https://www.youtube.com/watch?v=t_GvgHt4hAw>
<https://www.youtube.com/watch?v=SWGa1B1F7s8>
bitconeeeect
money in general is basically black magic to people
people dont really understand where value comes from
people will never understand crypto either, they will just use it and take it for granted, just like how most people dont understand how e-mail works
Which is fine really, if you want to appeal to the broadest possible audience.
And if there is to be a real alternative to these social media platforms, the broadest possible audience is what needs to be targeted.
Folks who don't ever want to know what a blockchain is.
yeah you really don't have to understand anything, you just need to know that swiping your card gives you the loot
I hope that eventually maybe 2-3 coins win out and become the standard. Right now having a new altcoin every 15 minutes is making the cryptocurrency market less credible and more volatile (and therefore less valuable).
life is easy for people who are evil
man, Im watching some of the bullshit fake journalists spew
they know they are lying to
I bought a bunch of litecoin a few years ago but it doesn't appear to have gotten any traction.
the activists defending antifa after charlottesville when I know for a fact that they are lying becuase one of them has been seen in photos at white nationalist events
i dont mean rallies
i mean private parties
drinking and smiling n shit
then they claim they are being threatened
If you don't believe in objective reality then you can believe whatever is most convenient for you at the moment. Now they probably really believe they were being threatened even though the record says otherwise.
nah they r lying
Lying implies that one believes in truth.
true
saying something untrue != lying
Postmodernism is a helluva drug.
Tim if you have not read or listened to Explaining Postmodernism by Stephen Hicks it is really worth your while.
lying means they intentionally expressed misinformation
@Atkins about steemit, the closest i came to an answer about "where does the money come from" seems to be that basically people get paid with interest, and actual money comes from basically investors or people who pay you for the token. So there will be 100 tokens in the system valued at lets say 1000 bucks in total. A new steem token is generated so there is now 101 tokens but still only 1000 bucks of worth unless someone decides a token is worth more than 9.99 bucks or whatever.