When I first started to use steemit I was very curious how it worked. I was curious on how could I post content or how to comment and upvote content I liked.
But I was curious also about the monetary system behind it. My questions were related to the fact that the money was created from thin air and everybody was getting money for posting and curating. So I was skeptical about the whole system.
Then I watched this video below made by Christian Lains the Co-Founder of BitGate.
In the video, he makes an analogy between steemit and a company issuing shares to the buyers. This analogy helped me understand the economics behind steemit and now I'm not any more skeptical about its economics. I recommend it to people who like myself have questions about the economic sustainability of steemit.
Finally, as an advocate of bitcoin and passionate on blockchain technology I want to thank @bitspace for the great work they are doing.
