No idea but suposedly to read more than 3 articles a month one has to pay a 5 dollar subscription that is then distributed depending on author engagement etc. it seems they really need an SMT.
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Like it's weird that even now where we have a fraction of the voting power going toward actual content than we had before, the payouts still seem better than Medium. They just have more authors right now.
Yep and who the value goes to on Steem is real people around the world, not just the pros.
@eonwarped said they haven't broken even yet. @ned was saying last night he rustled up a couple hundred K to get Steem off the ground and it has paidout to users 50 million from the pool in 3 years plus all the premine sold.
Medium: you are doing it wrong.
I think they are popular because they get famous writers and celebrities who post there. This is the real BS because they don't need to earn, it is about getting more fame for them but, they attract consumers who are willing to pay.