RE: It has come to my attention that I need to explain things a little more...and this is better! by dexterdumb

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blog · @dexterdumb · Mar 20 '19

$0.04

Still makes me wonder how the witnesses "pay their bills" in a model like this.  Unless they just up-vote their own content and comments constantly.  I've never really considered what the economic model on Steemit is.  I'd say it's about time!  Thx for the running start ;)

👍 dexterdumb, votes4minnows

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@lucylin · Mar 20 '19

$0.02

>I've never really considered what the economic model on Steemit is

Me neither.... until I did my 'refresher thinking' for those  few days when I was offline.

the steem reward pool belongs to  no one. (until 7 days later)

People use the rewards pool for various  actions prior to distribution.

People use property that is not theirs, to profit.

A 7 day cycle gold rush, and _not_ a function of  free markets. 
(Free markets = a free  exchange of _your property_, for good or services. Steem  is _not_ this - in regards to the rewards pool).

👍 dexterdumb

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@dexterdumb · Mar 22 '19

$0.04

Dan Larimer is a fervent libertarian too...for shame!  I thing he has ADD additionally.

👍 dexterdumb, truetinker

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@lucylin · Mar 22 '19

$0.02

.....he just didn't apply it to the SRP coding???...mmm....

👍 dexterdumb

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