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      "permlink": "re-pokerfox-re-gank-steemit-learning-discussion-exploring-the-steemit-blockchain-20180124t062133941z",
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      "body": "Here is a link that describes about the payouts for posts in great detail. https://steemit.com/tutorial/@ilyastarar/understanding-steemit-know-how-steemit-reward-system-works-and-how-rewards-are-distributed\n\nAs far as where does the money come from, just like Bitcoin, new coins are being created every day. I believe Steem is at 9.5% inflation and goes down 1/2% every year until it reaches 1% inflation.  These coins, along with ones received by Steemit from advertising within Steemit are used to create the reward pool. \n\nI think eventually everyone will be here, some lose interest because they think it is a get rich quick scheme and it isnt. If you are a content creator though, it only makes sense to me to create it where you can make $ off it and then share it on your normal platforms. \n\nI describe steemit as reddit, instagram, facebook and twitter rolled into one, and since no one owns the site, the value is retained by the content creators instead of the middlemen hosting the site. \n\nThe more Steem you power up, the more your upvotes are worth(and you can vote for yourself), this makes sense, as the more money you invest in the platform, the better steward of the ship you should be.",
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      "permlink": "re-gank-steemit-learning-discussion-exploring-the-steemit-blockchain-20180124t014326684z",
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      "body": "Thanks for inviting me to Steem buddy, it looks really interesting. I'm sure you can save me a ton of time by answering a few quick questions. \n\n1. Where does the cash come from? The speculative crypto part of it I understand, but we are also earning something that is pegged to the $USD and I'm confused about where that money is coming from. What pegs it to the dollar? I assume the rest of it is just speculators or supporters who want to buy Steem and that creates the price for it on other markets. Is that the only reason that our posts have a monetary value? \n\n2. Why isn't everyone automatically sharing everything they do here on Steem? Is there a reward for posts that are exclusive or any reason to make something exclusive?\n\n3. If I were to describe Steemit as \"Reddit, but with a cryptocurrency attached to it where the 'coins' are generated by users creating content and discussing it rather than computers solving math problems.\" how far off would I be and what would I be missing?",
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