Where the heck does all this money come from? Steem Noob obviously
This is naturally a crypto-currency crowd. I get the principles of bitcoin but this steem still baffles me. Is it more like an allocation of add revenue? how can they know what the ads will be worth until they start advertising? We all have our 3.50 for free but upvotes don't cost anything so so we are all buying approval for nothing. Who pays the bill if we all cash out after beta ends? Also where is the incentive to approve of unpopular ideas? This just seems like manual public opinion predicting so far. What am I missing?