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RE: If you have trouble explaining Steemit to someone.. Show them this!
Ok, nice try but the main question anyone has once we explain Steem is: "Where does the money come from?". How would you explain?
Ok, nice try but the main question anyone has once we explain Steem is: "Where does the money come from?". How would you explain?
So the answer is easy the people who buy Steem Power...
I had to describe this to my Aunt last night. I told her it's really the investors who are fueling it right now. So as long as investors believe the market cap will go higher, it will thrive. In a couple of years more fuel than that may be required such as advertising (optional or otherwise) and possibly something like Etsy within Steem which people are already working on I believe.
Yeah and just like Bitcoin.. It is just a platform, and is only worth how much someone is willing to pay to use it.