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RE: STEEMIT - The Economic System and Where the MONEY COMES FROM?!

in #steem-help8 years ago

First of all, thx for your good post. However, I think there are some flaws in the accumulation of each currency in your MODEL: It would be as follows:

  1. Steem:
    Buy (with Bitcoin)
    Convert with Steem Dollars
    Power Down (from Steem Power, in 104 recurring months)
    Transfer from another account

  2. Steem Dollars:
    Convert with Steem
    Earn via creating Content on Steemit (%50)
    Transfer from another account

  3. Steem Power:
    Buy (with Bitcoin)
    Earn via creating content on Steemit (50%)
    Earn via curating Content on Steemit
    Earn via being a Witness (Mining) on Steemit Blockchain
    Power Up (from Steem)

Pls be kind to reply to me if you don't think my MODEL above is right. I am also a newbie and don't want to start with the wrong foot.

Thx in advance and regards,