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      "title": "",
      "body": "Indeed, it is magic internet money created out of nowhere, but, in a sense, so is all money. Even gold isn't worth anything (i.e., isn't money) until someone's willing to work for it, at which point it is money. So the \"moneyness\" of gold magically came out of nowhere (or more accurately, the gold was imbued with moneyness when the worker accepted it as payment).",
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      "author": "oldman",
      "permlink": "re-knas-re-oldman-what-is-steemit-20160719t205413909z",
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      "body": "@@ -92,21 +92,16 @@\n ching on\n- fast\n . Thank \n",
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      "author": "oldman",
      "permlink": "re-knas-re-oldman-what-is-steemit-20160719t205413909z",
      "title": "",
      "body": "Welcome! Steem is a confusing and moves very fast when you're new, but folks seem to be catching on fast. Thank you for your feedback, it's great to know the post was helpful. I agree there's not a lot of conventional documentation, but I think that is intentional. Forces us to have these conversations! ;)",
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      "title": "",
      "body": "I personally agree Ethereum will not crash to the core like i said in my post, but will be significantly affected. I mentioned Ethereum has a lot up their sleeves, but they'll be on a low if things keep going it went in the past that's why I'm hoping and praying for them, else, it won't be too good for them. All said, Ethereum won't crash to the core and is a good organization but a successful hardfork will help them reboot and move on to Devcon 3 in September :) Hope you understand me. Thanks for your honest feeback :) I appreciate it.",
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      "body": "I personally do not think that this is the beginning of the end for Ethereum. Ethereum has had its ups and down exactly like bitcoin which is doing fine even after disasters like Mt. Gox. I argue that all early investors in The DAO should have been aware of the risk they were taking. Whether or not there will be a hard fork consensus will decide. If it turns out that there will not be a fork and the price goes down I will just buy more.\n\nAfter all I think we have learned a lot after what happened to The DAO. Now there is a lot more research surrounding security and smart contracts. Only time will let us know what happens buy in my eyes what matter is the technology behind Ethereum and not whether we fork or not.",
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      "permlink": "re-knas-re-piedpiper-quick-answer-why-certain-posts-earn-so-much-more-than-others-20160719t194721872z",
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      "body": "To call it  magic internet money created out of nowhere is pretty darn close to the truth, actually... but so are all other currencies. For instance, the US Federal Reserve prints America's currency out of thin air and loans it into existence. Likewise, cryptocurrencies like bitcoin and steem are created out of nothing and distributed acording to their own unique protocols. For instance, bitcoin is awarded to \"miners\" that compete in an ongoing math contest. Steemit, on the other hand, awards the newly-created currency to posters that are upvoted by stakeholders of Steemit.",
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      "title": "",
      "body": "Great video especially new people like me who are trying to figure it all out. But I would really appreciate if someone could explain exactly how vote earnings are calculated and where all the money comes from. Right now it just feels like magic internet money created out of nowhere.",
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      "author": "knas",
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      "body": "Welcome! I am also new here and have been trying to figure our steemit on my own during the last couple of days here. After reading through your post I must say that I think it is a great summary of how steemit works. Hopefully more people will take there time writing posts like yours to educate the community. Since it is very hard for new people to wrap there head around how everything here works. Especially when there are not many resources available at least not from what I have found.",
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      "body": "I sent them a copy of my drivers license, no big deal",
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