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RE: Thoughts on Steem's Gift Economy

in #steem8 years ago

In its primary inception, Steem is the first cryptocurrency that applies Point of Stake(PoS). PoS means the more you have, the more you get. So, in its primary inception, Steem is a selfish economy. Not a gift / sharing economy.

As there are more and more bloggers, Steemit is moving to a gift / sharing economy. It's more of an initiative from the community collective.

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That might be the simplest way of explaining it... i might quote you on this one.

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