RE: Steem: Where DOES the money come from? by miniyop

Viewing a response to: @steemrollin/steem-where-does-the-money-come-from

steem · @miniyop · Sep 30 '17

$0.04

Thanks @steemrollin ! Brilliant and simple way to explain what is Steem starting from the very roots of the digital value. 

I still wonder though: each time I upvote a post, where the money comes from? **Who finances the upvote** as it does not come out from my own wallet apparently?

Is it Steemit, backing the value on Steem and Steem Power?

Could you bring some light on this matter? Or anybody else maybe =)

Greetz

👍 miniyop, amryyy, mayankpratap, aldczak, squishysquid, ocupation, cmichel

`post_id`	14,146,235
`author`	miniyop
`permlink`	re-steemrollin-steem-where-does-the-money-come-from-20170930t110554290z
`category`	steem
`json_metadata`	"{"app": "steemit/0.1", "users": ["steemrollin"], "tags": ["steem"]}"
`created`	2017-09-30 11:05:54
`last_update`	2017-09-30 11:05:54
`depth`	1
`children`	3
`net_rshares`	15,087,295,012
`last_payout`	2017-10-07 11:05:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.031 SBD
`curator_payout_value`	0.009 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	422
`author_reputation`	1,278,399,719
`root_title`	"Steem: Where DOES the money come from? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (7)

voter	rshares	pct
miniyop	15,087,295,012	100%
cmichel	0	100%
ocupation	0	100%
squishysquid	0	100%
aldczak	0	100%
mayankpratap	0	100%
amryyy	0	100%

@aldczak · Dec 29 '17

Have you found an answer already, as I am wondering about the same.
In addition, where the money will come from in the future?

👍 miniyop

`post_id`	22,441,695
`author`	aldczak
`permlink`	re-miniyop-re-steemrollin-steem-where-does-the-money-come-from-20171229t022805545z
`category`	steem
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steem"]}"
`created`	2017-12-29 02:28:06
`last_update`	2017-12-29 02:28:06
`depth`	2
`children`	2
`net_rshares`	0
`last_payout`	2018-01-05 02:28:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	126
`author_reputation`	0
`root_title`	"Steem: Where DOES the money come from? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
miniyop	0 B		0	100%

@miniyop · Jan 6 '18

Hi @Alczak, unfortunately nope...

properties (22)

`post_id`	23,986,318
`author`	miniyop
`permlink`	re-aldczak-re-miniyop-re-steemrollin-steem-where-does-the-money-come-from-20180106t163550673z
`category`	steem
`json_metadata`	"{"app": "steemit/0.1", "users": ["alczak"], "tags": ["steem"]}"
`created`	2018-01-06 16:35:51
`last_update`	2018-01-06 16:35:51
`depth`	3
`children`	1
`net_rshares`	0
`last_payout`	2018-01-13 16:35:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	33
`author_reputation`	1,278,399,719
`root_title`	"Steem: Where DOES the money come from? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@crazyfishman · Jan 11 '18

The financing comes from the reward pool. Each day a certain number of new tokens (Steem) are mined and distributed to creators and curators of quality content. The creators and curators receive this in return for contributing to the blockchain. The tokens have a monetary value because they are a commodity people are willing to exchange fiat currency for. That’s my understanding anyway, I’m fairly new to Steem so I could be wrong.

properties (22)

`post_id`	24,979,790
`author`	crazyfishman
`permlink`	re-miniyop-re-aldczak-re-miniyop-re-steemrollin-steem-where-does-the-money-come-from-20180111t100642581z
`category`	steem
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steem"]}"
`created`	2018-01-11 10:06:42
`last_update`	2018-01-11 10:06:42
`depth`	4
`children`	0
`net_rshares`	0
`last_payout`	2018-01-18 10:06:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	434
`author_reputation`	41,900,791,057
`root_title`	"Steem: Where DOES the money come from? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000