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     7 years ago  

    It's a similar concept with nodes on other POS coins as well. Those who manage the nodes, are investing money on servers and get a share of the profits

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     7 years ago  

    have you ever heard of the labor theory of value?

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       7 years ago  

      Not really..... Please elaborate?

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       7 years ago (edited) 

      if you were starving and the payout was your only way to access food and I used my free market to flag you, would that be violence or just my rights?

      Trick question, the only thing keeping you from food would be the guard at the door of the market, not money.

      The guard is your ruler and god, money means nothing.

      This happens for real every day. 20 million die a year of poverty a year.

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       7 years ago  

      So I did some research and as it turns out, money on steemit doesn't come out of thin air. There are those who actually manage the nodes (and get a certain percentage of the block rewards) so technically speaking, you could consider them the miners who are managing this blockchain..... Hope that makes sense....

      I don't get what workers you're talking about over here. If by workers you mean those who manage the nodes then yes. They have volunteered for this and get paid for it with a certain percentage of each block's rewards. They are also investing their time, energy and money and we can be considered the employees of this firm where we produce content and get paid for our work

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       7 years ago  

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