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So where does the money come from? This might be a question about STEEM more than DTube, but I couldn't figure it out. The DTube FAQ answer for "Where does the

So where does the money come from? This might be a question about STEEM more than DTube, but I couldn't figure it out. The DTube FAQ answer for "Where does the money come from" just says "The STEEM blockchain keeps printing new STEEM everyday. These new printed STEEM are given out as rewards." I'm hoping there's more to it than that, but I couldn't find what the mechanism for bringing value into the STEEM ecosystem is. As far as I can tell, users of DTube don't pay anything to watch videos, or to comment, or to like videos, but their likes determine who gets paid on the STEEM blockchain. So who buys STEEM tokens and why?

chippy 9y ago
edit: https://steemit.com/faq.html#How_does_Steemit_work https://steemit.com/faq.html#How_does_Steemit_work might be better. "Every day, the Steem blockchain mints new STEEM tokens and adds them to a community's "rewards pool". These tokens are then awarded to users for their contributions, based on the votes that their content receives. Users who hold more tokens in their account as "Steem Power" will get to decide where a larger portion of the rewards pool is distributed."
hobofan 9y ago
Advertisers (in the long term) In order to have visible advertised content, advertisers need to buy STEEM in order to vote on it and gain visibility.
unreal37 9y ago
People are buying STEEM using Bitcoin to gain attraction to their content. Ads basically. Imagine if Facebook used a crypto for their ads instead of money. And you gain money back from people who like your ad making the ad cheaper or even profitable.
heimindanger 9y ago
Holding STEEM currency will give you more influence on the network (increase the $ ouput of your votes). A fresh account will give like 0.002 per vote, while my account with 5000 Steem gives about 2$ per vote. Also, people who vote get 'curation rewards' from the system. Depending on how early you voted and helped discovered a content, you get rewarded for it, even if it's only a small share, it adds up

chippy 9y ago

edit: https://steemit.com/faq.html#How_does_Steemit_work https://steemit.com/faq.html#How_does_Steemit_work might be better. "Every day, the Steem blockchain mints new STEEM tokens and adds them to a community's "rewards pool". These tokens are then awarded to users for their contributions, based on the votes that their content receives. Users who hold more tokens in their account as "Steem Power" will get to decide where a larger portion of the rewards pool is distributed."

hobofan 9y ago

Advertisers (in the long term) In order to have visible advertised content, advertisers need to buy STEEM in order to vote on it and gain visibility.

unreal37 9y ago

People are buying STEEM using Bitcoin to gain attraction to their content. Ads basically. Imagine if Facebook used a crypto for their ads instead of money. And you gain money back from people who like your ad making the ad cheaper or even profitable.

heimindanger 9y ago

Holding STEEM currency will give you more influence on the network (increase the $ ouput of your votes). A fresh account will give like 0.002 per vote, while my account with 5000 Steem gives about 2$ per vote. Also, people who vote get 'curation rewards' from the system. Depending on how early you voted and helped discovered a content, you get rewarded for it, even if it's only a small share, it adds up