I've read some of the white paper. I was a little confused admittedly. I found it more helpful to listen to those smarter than I contribute their 2 cents. What I struggle to understand is exactly how Steemit can afford to reward posters financially. I can definitely see a future buy out for this endeavour but cannot understand how it can remain profitable. I think from what I understand 90% of people are locked into SteemPower.