Excellent explanation @nateaguila I had been looking for these answers and you just did a FAQ as a post for the rest of us. Many thanks for articulating so well what I thought I may have known but now have a much more confident grasp on the whole thing. BTW this is one of the first posts I have resteemed in months, maybe closer to a year, I could not agree more with what is going down on steem. It's great to have courtside seats on this in an arena virtually empty right now but on its way to be literally hosting some major events in the near future and who knows how big in the distant future.