Viewing a response to: @fyrstikken/re-neoxian-re-ned-the-first-phase-of-the-steem-faq-and-wikee-consolidation-of-knowledge-20160818t225638173z
I like that it's eloquently and succinctly stated, but I don't know if I like that answer. Yes, it is where the **value** of Steem comes from, but it's not where the Steem Dollars and Steem Power are coming from.
| post_id | 663,600 |
|---|---|
| author | shenanigator |
| permlink | re-fyrstikken-re-neoxian-re-ned-the-first-phase-of-the-steem-faq-and-wikee-consolidation-of-knowledge-20160819t004353075z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-08-19 00:43:48 |
| last_update | 2016-08-19 01:00:42 |
| depth | 3 |
| children | 2 |
| net_rshares | 1,356,664,275,128 |
| last_payout | 2016-09-19 01:23:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.693 SBD |
| curator_payout_value | 0.227 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 214 |
| author_reputation | 61,344,803,233,405 |
| root_title | "The first phase of the Steem FAQ and Wikee: Consolidation of Knowledge" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| ned | 0 | 1,288,493,705,119 | 2% | ||
| boy | 0 | 3,089,099,678 | 100% | ||
| bue-witness | 0 | 3,749,306,954 | 100% | ||
| bunny | 0 | 702,699,870 | 100% | ||
| bue | 0 | 52,583,120,400 | 100% | ||
| mini | 0 | 1,655,857,695 | 100% | ||
| moon | 0 | 213,411,217 | 100% | ||
| healthcare | 0 | 621,280,543 | 100% | ||
| daniel.pan | 0 | 916,108,066 | 100% | ||
| helen.tan | 0 | 287,735,144 | 100% | ||
| beanz | 0 | 4,351,950,442 | 100% |
like all cryptocurrencies, its value is attached to its price on the market (haven't mastered out yet the vest concept... which is probably like gas in ethereum)
| post_id | 664,227 |
|---|---|
| author | djm34 |
| permlink | re-shenanigator-re-fyrstikken-re-neoxian-re-ned-the-first-phase-of-the-steem-faq-and-wikee-consolidation-of-knowledge-20160819t014608979z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-08-19 01:46:09 |
| last_update | 2016-08-19 01:46:09 |
| depth | 4 |
| children | 1 |
| net_rshares | 1,352,312,324,686 |
| last_payout | 2016-09-19 01:23:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.766 SBD |
| curator_payout_value | 0.151 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 161 |
| author_reputation | 7,585,775,750,291 |
| root_title | "The first phase of the Steem FAQ and Wikee: Consolidation of Knowledge" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| ned | 0 | 1,288,493,705,119 | 2% | ||
| boy | 0 | 3,089,099,678 | 100% | ||
| bue-witness | 0 | 3,749,306,954 | 100% | ||
| bunny | 0 | 702,699,870 | 100% | ||
| bue | 0 | 52,583,120,400 | 100% | ||
| mini | 0 | 1,655,857,695 | 100% | ||
| moon | 0 | 213,411,217 | 100% | ||
| healthcare | 0 | 621,280,543 | 100% | ||
| daniel.pan | 0 | 916,108,066 | 100% | ||
| helen.tan | 0 | 287,735,144 | 100% |
I get that it's where the market value comes from. But it doesn't answer how the value is transferred to the user. **I think there needs to be something added to the answer:** "That is where the *value* of Steem comes from. New Steem currency is always being created and some of the newly-created currency is then transferred to users who add value to steemit."
| post_id | 664,264 |
|---|---|
| author | shenanigator |
| permlink | re-djm34-re-shenanigator-re-fyrstikken-re-neoxian-re-ned-the-first-phase-of-the-steem-faq-and-wikee-consolidation-of-knowledge-20160819t015016211z |
| category | steem |
| json_metadata | "{"tags": ["steem"]}" |
| created | 2016-08-19 01:50:12 |
| last_update | 2016-08-19 01:57:54 |
| depth | 5 |
| children | 0 |
| net_rshares | 1,356,836,550,479 |
| last_payout | 2016-09-19 01:23:51 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.801 SBD |
| curator_payout_value | 0.121 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 361 |
| author_reputation | 61,344,803,233,405 |
| root_title | "The first phase of the Steem FAQ and Wikee: Consolidation of Knowledge" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| ned | 0 | 1,288,493,705,119 | 2% | ||
| boy | 0 | 3,089,099,678 | 100% | ||
| bue-witness | 0 | 3,749,306,954 | 100% | ||
| bunny | 0 | 702,699,870 | 100% | ||
| bue | 0 | 52,583,120,400 | 100% | ||
| mini | 0 | 1,655,857,695 | 100% | ||
| moon | 0 | 213,411,217 | 100% | ||
| healthcare | 0 | 621,280,543 | 100% | ||
| daniel.pan | 0 | 916,108,066 | 100% | ||
| helen.tan | 0 | 287,735,144 | 100% | ||
| beanz | 0 | 4,351,950,442 | 100% | ||
| nextgen622 | 0 | 172,275,351 | 100% |