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RE: You know Steemit is fucked when...

in #patheticwhales7 years ago

Ok, so it was mined. Then what happened? In capitalism, the mined substance, say gold, is sold or traded for other goods then put into circulation where it is passed from one individual to another in exchange for goods or services directly received. What happened in this case? Who has the coins, and what is the mechanism by which they reach haejin's pockets? Who decides where those tokens go, and does the person deciding give the tokens to the receiver themselves? I know of no system in capitalism by which it is ormal to spend someone else's money unchecked. That is what steemit is.

How can you say something is gibberish yet be unwilling to elaborate on why? Please explain your understanding of how steemit and the reward pool works and why you believe it is capitalistic.