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RE: These large companies have one thing in common
on top of what you mentioned...most of those companies basically own your history and sell it to the highest bidder. What will be Steemit's money mechanism? The blockchain itself?
The currency Steem. The company Steemit has a lot of Steem in its account @steemit. This account will increase in value if the price of Steem rises.
It is a limited amount of coins like Bitcoins? or is it like ETH?
The supply of Steem is increasing by an annual rate of about 9,5%, but this percentage decreases overtime.
thank u penguinpablo! very good info, as always! =)