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RE: Introducing: Steem Pressure #1
You know way more about this than any of us here. Can you explain that line further . . . "Blogging is the new mining."? Are we actually contributing to the Steem blockchain by contributing content? How does that actually work? As much as I am into the cryptos that are produced by these mining activities, the blockchain technology is still esoteric. I have a lot of questions but don't want to consume all of your time. If it's cool to post questions on here, I'd love to know. TIA
It's about how rewards are allocated on the Steem platform. Block producers, aka witnesses are getting only small (smallest) portion of stake distribution. More goes to stake holders (interest) and curators. Majority of rewards are allocated - of course - to authors (unlike bitcoin and many others where it goes to miners).