Viewing a response to: @steemrollin/steem-where-does-the-money-come-from
Great post I can now explain this more concisely to friends/family as where does the moeny come from is a common question that people want an answer to... Also, how about the interest rate on SD?
| post_id | 193,962 |
|---|---|
| author | jholmes91 |
| permlink | re-steemrollin-steem-where-does-the-money-come-from-20160722t054500100z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-07-22 05:44:57 |
| last_update | 2016-07-22 05:44:57 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Steem: Where DOES the money come from? " |
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Glad you like it! Yeah I removed the interest rate part to simplify things. Interest rate is set by the witnesses and initially is at 10%, but can change. The interest is paid from a reallocation of value from Steem/Steempower to Steem dollars.
| post_id | 196,152 |
|---|---|
| author | steemrollin |
| permlink | re-jholmes91-re-steemrollin-steem-where-does-the-money-come-from-20160722t093616875z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-07-22 09:36:18 |
| last_update | 2016-07-22 09:36:18 |
| depth | 2 |
| children | 0 |
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| root_title | "Steem: Where DOES the money come from? " |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |