Links not working for me

Thanks. I promise I won't spend it all at once!

That should have been math teacher, of course! :-)

Where there's a will, there's a way mall planter

Looks like you've been right, so far. I agree, built in 100% inflation is not a good recipe for a currency. The fact that 90% goes back to SP holders does not really help, because SP is not liquid. When

Why not gradually reduce the curation reward for posts that have already been curated much? I know there already is a large penalty in voting late, but the OP asserts that it is still profitable to blindly

I think a) actually will help the newbies. It goes like this: Reduce curation rewards for posts that are already heavily curated This will disincentivize people from blindly upvoting whale posts People

If I understand @smooth correctly, he is saying that there are already no significant curation awards for trending posts. The only problem is that people do not realize that. If correct, that means there

As of now, there is not much danger of that. US Dollar inflation is near zero, while Steem supply is rapidly increasing with a rate in the hundreds percent.

It's just that Steem will not buy you a sandwich or an airplane ticket. Dollars will.

Perhaps you could point me to the place in the post where it says who buys Steem and why. That is what people mean by "where does the money come from". This post misses the mark on that, completely.

The value of Bitcoin is precisely that it is difficult to make more. Steem comes too easy to be much good as a currency.

I have. No mention of who provides actual money, or why. I know the Steem flows freely, and where it comes from. The question is about actual money, I think, and is not answered as far as I can tell.

All fine, but you haven't really answered the question: Where does the money come from? The hard dollars? Who pays $$$ and what do they get in return?

What business model? Bitcoin does not produce anything. It is free, so it does not have earnings. It is a currency, or a open source bookkeeping platform. Steem can be a currency, too, but I suspect the

@orly has it nailed, I think. Steem can only have value if people buy it. It cannot have value from being handed out for posting, curating, mining, etc. In the long run (other than speculation), the only

I think it is the witnesses who vote on the fork. If you look carefully on your witness page, there is a fork version vote and fork time vote. I suspect that the fork happens automatically when most of

Ah, I see. You buy a lot of steem, power up, and then you upvote your own posts. It would be a strange model for advertisers, though: You'd have to pay a whole lot of money in advance, and then get an

That is a great point. Is there a mechanism for that, though? Can you make a "paid post"?

Random voting could be made ineffective by weighting rewards against future success of postings. You only get a curation reward if the articles you voted for do better than random in the end. Just an idea,