Steemit is a social media service that runs a blogging and social networking website on a blockchain database, known as Steem. This service generates STEEM and Steem Dollars that can be used by the user as a token to get posts, find and comment on interesting content. (Wikipedia)
Posting a post on steemit will earn dollars, if it has the most upvote. Then about the source of money that we get from steemit until now I myself still do not know so detailed. From where they get that much money, while the website is no ads, say like google adsense ads. If google adsense this source of money is clear, the money we earn comes from the advertisement of people who installed to google company, then we as a worker to promote google ads to our website.
This steemit is a kind of blockchain, blockchain is an interesting concept to explore. This technology is a decentralized digital ledger, which includes transactions, and works with data organized through a series of notes called blocks. This technology uses a secure system and is essential for managing financial data as well as the development of digital currencies such as bitcoin.
Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. The concept may sound like eGold, although it is actually much different
Based on the above analysis and from some links I open about the system built by steemit, that I take a conclusion that is not necessarily true, know because I am still a beginner in this steemit website.
Steemit websites provide reward levels:
- For those who post content that does upvote
- Nomimal rewards it depends unpvote, if more and more do upvote to content, hence the bigger also given reward.
- Reward provided by steemit there are three types of Steem Power, Steem and Steem Dollar.
For steemit users who already have steem or steem dollars, then can be converted / redeemed or resold to bitcoin / blockchain, then just made the disbursement to the rupiah.