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RE: Where does the money come from? A look into the economics of Steem.

in #steem7 years ago

I think you hit the nail on the head here. It is the elephant in the room that most people ignore. Creating content, whether it is journalistic, artistic, comedic, etc., is time consuming. In "economics", it is explained as "opportunity cost" and unfortunately most people don't behave rationally when it comes to the allocation of their time. Therefore, many people don't understand the value of others' time.