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RE: still trying to understand steem

in #steem7 years ago (edited)

The money comes from the issuance of new coins, which follows fixed rules so there is a limited and predictable supply. Very similar to Bitcoin.

Another way to look at it is that every time there is a payout, all other users are diluted a tiny amount. It's like collectively owning a huge pie, we are paying each other with tiny shares of the pie.