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RE: Post Rewards Less Than $10? No Backlinks For You!
I think they put in the $10 threshold to prevent link spammers.
Most other sites are infested with spun seo blogposts that are there simply to enclose a link and nothing else. By making it expensive, they've managed to keep this site clean of that stuff.
That's an interesting thought. I was wondering what Steemit could possibly gain from this practice, but maybe it makes sense.