hi guys i am still trying to learn and understand steemit and when you blog or vlog you make steem power or steem liquid . who pays these monies if somone tells me i would be happy . craig grant is explaining but at the and i will understand .i really want to invest in steem and i am sure there is future on steem anyway see you at next blog
The money comes from steem currency. Think of it as a fee of the users. When you up vote something you are telling steem "this is good content and I support it" then steem looks at how many up votes the post got, and converts it to steem money which you get a payout. You can check your wallet in the settings. The more content that is created and published, the more steem currency is created.
thanks for explaining i start following you thanks
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.