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      "body": "The money comes from people who have been (or are) buying/pumping Steem. But why should someone buy Steem? What is the incentive of a reader (upvoter) to buy Steem? If you open an account you get some free Steem Power, but there is no need to buy more Steem. If there is no need to buy more Steem, what will happen with the price? Is this system sustainable? I think this is a very interesting discussion and time will tell. Also Steemit is in beta and a lot things can change in the future. But I think you're right. The question: where does the money come from is not really answered in this post.",
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      "author": "mjmj",
      "body": "@@ -800,11 +800,15 @@\n  100\n-*2*\n+ x 2 x \n 2 = \n",
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      "body": "@@ -777,18 +777,18 @@\n fter 4 y\n-ou\n+ea\n rs it wi\n",
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      "author": "mjmj",
      "body": "Thanks for your story. But are you sure you are correct about the following?\n\n\"Meanwhile, Steem Power holders have slight decrease from 96.0% to 91.4%, about 4.8% decrease. That is, when price become 1/4, you have about 3.98 times more STEEM because you are holding Steem Power.\"\n\nI assume you mean with \"when price become 1/4\" it is due to inflation. That will happen after 2 years. If inflation is 100% per year.\n\nIf 10% all of new Steem Power goes to content creators and curators and price goes 1/4 (let's say 2 years) because of the inflation I calculate the following:\n\nLet's begin with 10 SP for user X and a total supply of 100 STEEM.\n\nBeginning, day 0: 10 SP\nAt day 0 of year 1: 19 SP\nAt day 0 of year 2: 36,1 SP\n\nIf the total supply was at the beginning 100 STEEM, after 4 yours it will be 100*2*2 =  400 STEEM\n\nIn the beginning user X had 10% of all STEEM (10 out of 100), after 2 years 9,02% (36,1 out of 400). That is 3,6 times more Steem, but user X loses  almost 10% of wealth in 2 years.\n\nSo basicly: if you buy Steem Power and only hold and the market cap is not rising you lose 5% of your wealth every year.\n\nOr maybe I'm wrong, but please help me out in that case. :)",
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      "author": "rjohnanderson",
      "body": "@@ -127,26 +127,38 @@\n t of\n+ \n %22\n+inflation%22 (\n interest\n-%22/%22\n+, \n usery\n-%22\n+)\n  whi\n",
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      "author": "rjohnanderson",
      "body": "I really wish concepts (such as steem which looks promising) would STOP USING the insanity of modeling things after the concept of\"interest\"/\"usery\" which is an artificial finance invention which has created so much  pain and suffering in the world, to enrich bankers over all others. Surely a team as innovative as steem can come up with a MUCH better model than just patterning after \"inflation\"! Jeesh...",
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      "author": "mjmj",
      "body": "Upvoting and writing stories  is in a way Steem's mining-part.  But you have to keep in mind that your Steempower inflates with +/- 5% per year. So there is your risk. This 5% goes to upvoting and authors of stories. It's a battle against other users: vote better and write better stories to compensate the 5% inflation per year.  I really love the concept, but I am not sure if it will attract the average every day Reddit-type of user.",
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      "author": "mjmj",
      "body": "@@ -281,16 +281,49 @@\n  a year.\n+, 10%25 go to authors and upvoters.\n  So basi\n",
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      "author": "mjmj",
      "body": "\"Where does all the money come from?\"\n\nI missed something in the discussion. I think it is very important to understand that the stories and upvoters get paid by the all the network's users. There is a 100% inflation rate on Steem. If you lock your Steem in Steempower you get 90% a year. So basically you lose 5% per year (this is a simple explanation of how I think it more or less works). This is where the money comes from. The game is like this: can you make more Steempower than you loose every year by upvoting or posting stories? For populair authors this won't be a problem. Also someone could become a professional upvoter; shouldn't be a problem either. But the \"every day average user\" will probably lose money (of course there is a possibility that Steemit rises in value, but that will only happen if the system proves to be sustainable I think). What are his/her incentives to use Steemit above for example Reddit?\n\nCould be:\n\n1) It's decentralized, so content is always visible on the network. No censorship.\n2) Everyday users like the game of voting and try to make money.\n3) Something else?\n\nI think in the end the \"every day average user\" will make the platform or break the platform.",
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