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RE: It has come to my attention that I need to explain things a little more...and this is better!

in #blog5 years ago

I've never really considered what the economic model on Steemit is

Me neither.... until I did my 'refresher thinking' for those few days when I was offline.

the steem reward pool belongs to no one. (until 7 days later)

People use the rewards pool for various actions prior to distribution.

People use property that is not theirs, to profit.

A 7 day cycle gold rush, and not a function of free markets.
(Free markets = a free exchange of your property, for good or services. Steem is not this - in regards to the rewards pool).

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Dan Larimer is a fervent libertarian too...for shame! I thing he has ADD additionally.

.....he just didn't apply it to the SRP coding???...mmm....

Conveniently enough i suppose....Only applies when easy.

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