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RE: Steem is the absolute BOMB. It just keeps getting better and better!
What do you think of promoted posts? I wonder if people will want to see them. It's like paid advertising, but it seems nobody gets the money paid in.
Probably it goes into the pool for allocating interest, pegging the SBD and boosting rewards, and maybe even some goes directly to the developers. A clever person could probably trace where the steems travel to after they are paid in I think, looking closely at the tx's on the blockchain.
According to this nobody gets it. Shame they couldn't distribute it somehow, but I guess things balance out in the end
Interesting. So it's burned! Because the money gets burned, nobody can exactly say, 'That's not fair, they are paying for position' when the money effectively is going to everyone equally. Steem is intentionally issued in a relatively inflationary manner, specifically in order to allow reallocation, such as voting, interest accruing on SP, and so on. It's a good deal all around. It's a system of market promotion, that benefits everyone.