There is one thing I do not yet understand: how much money is given as rewards on a daily basis? How is the money created to give as rewards? I realized that market cap is involved, but what are the specifics?
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The money for blogging rewards comes from newly mined steem power(i think its 25% of newly mined steem power)... So, instead of it being like BTC, where the miners just keep all of the newly mined coin, in steem the miners only get a portion. The rest goes to blogging rewards and curation rewards.