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RE: Is Steemit Yet Another Bubblews?

in #steem • 9 years ago

Thanks for your question!

Steemit pays posters and voters similar to how Bitcoin pays miners. The steem blockchain creates new tokens at a set rate to reward the best posts and votes, and there's no middle man involved. It was described differently in the CoinTelegraph article.

9 years ago in #steem by
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     9 years ago 

    Thanks for your explanation. Yes, I had a feeling that the CoinTelegraph article is not so correct when it comes to inner workings of Steemit rewards ecosystem.

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