SteemWhitePaper.rar_Blockchain_steem_区块链开发下载-pudn.com

<html xmlns="http://www.w3.org/1999/xhtml"> <head> <meta charset="utf-8"> <meta name="generator" content="pdf2htmlEX"> <meta http-equiv="X-UA-Compatible" content="IE=edge,chrome=1"> <link rel="stylesheet" href="https://static.pudn.com/base/css/base.min.css"> <link rel="stylesheet" href="https://static.pudn.com/base/css/fancy.min.css"> <link rel="stylesheet" href="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/raw.css"> <script src="https://static.pudn.com/base/js/compatibility.min.js"></script> <script src="https://static.pudn.com/base/js/pdf2htmlEX.min.js"></script> <script> try{ pdf2htmlEX.defaultViewer = new pdf2htmlEX.Viewer({}); }catch(e){} </script> <title></title> </head> <body> <div id="sidebar" style="display: none"> <div id="outline"> </div> </div> <div id="pf1" class="pf w0 h0" data-page-no="1"><div class="pc pc1 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/bg1.jpg"><div class="c x0 y1 w0 h2"><div class="t m0 x1 h3 y2 ff1 fs0 fc0 sc0 ls0 ws0"></div><div class="t m0 x1 h4 y3 ff2 fs1 fc0 sc0 ls0 ws0"> </div><div class="t m0 x2 h4 y4 ff2 fs1 fc0 sc0 ls0 ws0"> </div><div class="t m0 x2 h4 y5 ff2 fs1 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y6 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y7 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y8 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y9 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x2 h4 ya ff2 fs1 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 yb ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 yc ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x3 h4 yd ff2 fs1 fc0 sc0 ls0 ws0">Steem </div><div class="t m0 x4 h6 ye ff2 fs2 fc1 sc0 ls0 ws0">An incentivized, blockchain-based, public content platform. </div><div class="t m0 x5 h7 yf ff3 fs0 fc0 sc0 ls0 ws0"> August 2017 </div><div class="t m0 x1 h5 y10 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y11 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y12 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h3 y13 ff1 fs0 fc0 sc0 ls0 ws0"></div></div></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div> </body> </html>

<div id="pf2" class="pf w0 h0" data-page-no="2"><div class="pc pc2 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/bg2.jpg"><div class="c x0 y1 w0 h2"><div class="t m0 x1 h8 y14 ff1 fs1 fc0 sc0 ls0 ws0"></div><div class="t m0 x1 h5 y15 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y16 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y17 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y18 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y19 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y1a ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y1b ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x2 h7 y1c ff2 fs3 fc0 sc0 ls0 ws0"> </div><div class="t m0 x6 h7 y1d ff2 fs3 fc0 sc0 ls0 ws0">Abstract </div><div class="t m0 x7 h5 y1e ff2 fs0 fc0 sc0 ls0 ws0">Steem is a blockchain database that supports community building and social interaction </div><div class="t m0 x7 h5 y1f ff2 fs0 fc0 sc0 ls0 ws0">with cryptocurrency rewards. Steem combines concepts from social media with lessons </div><div class="t m0 x7 h5 y20 ff2 fs0 fc0 sc0 ls0 ws0">learned from building cryptocurrencies and their communities. An important key to </div><div class="t m0 x7 h5 y21 ff2 fs0 fc0 sc0 ls0 ws0">inspiring participation in any community, currency or free market economy is a fair </div><div class="t m0 x7 h5 y22 ff2 fs0 fc0 sc0 ls0 ws0">accounting system that consistently reflects each person's contribution. Steem is the first </div><div class="t m0 x7 h5 y23 ff2 fs0 fc0 sc0 ls0 ws0">cryptocurrency that attempts to accurately and transparently reward an unbounded </div><div class="t m0 x7 h5 y24 ff2 fs0 fc0 sc0 ls0 ws0">number of individuals who make subjective</div><div class="t m1 x8 h9 y24 ff3 fs4 fc0 sc0 ls0 ws0"></div><div class="t m0 x8 h5 y24 ff3 fs0 fc0 sc0 ls0 ws0"> contributions</div><div class="t m1 x9 h9 y24 ff3 fs4 fc0 sc0 ls0 ws0"></div><div class="t m0 x9 h5 y24 ff3 fs0 fc0 sc0 ls0 ws0"> to its community. </div><div class="t m0 x7 h5 y25 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x7 h5 y26 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h7 y27 ff2 fs3 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h7 y28 ff2 fs3 fc0 sc0 ls0 ws0"> </div><div class="t m0 xa h5 y13 ff2 fs0 fc0 sc0 ls0 ws0">2 of 32 </div></div></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>

<div id="pf3" class="pf w0 h0" data-page-no="3"><div class="pc pc3 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/bg3.jpg"><div class="c x0 y1 w0 h2"><div class="t m0 x1 h8 y14 ff1 fs1 fc0 sc0 ls0 ws0"></div><div class="t m0 x1 h7 y29 ff2 fs3 fc0 sc0 ls0 ws0">Table of Contents </div><div class="t m0 x1 h5 y2a ff2 fs0 fc2 sc0 ls0 ws0">Abstract </div><div class="t m0 x1 h5 y2b ff2 fs0 fc2 sc0 ls0 ws0">Table of Contents </div><div class="t m0 x1 h5 y2c ff2 fs0 fc2 sc0 ls0 ws0">Introduction </div><div class="t m0 x4 h5 y2d ff2 fs0 fc2 sc0 ls0 ws0">Recognizing Contribution </div><div class="t m0 x1 h5 y2e ff2 fs0 fc2 sc0 ls0 ws0">Ways to Contribute </div><div class="t m0 x4 h5 y2f ff2 fs0 fc2 sc0 ls0 ws0">Capital Contributions </div><div class="t m0 x4 h5 y30 ff2 fs0 fc2 sc0 ls0 ws0">Steem (STEEM) </div><div class="t m0 x4 h5 y31 ff2 fs0 fc2 sc0 ls0 ws0">Steem Power (SP) </div><div class="t m0 x4 h5 y32 ff2 fs0 fc2 sc0 ls0 ws0">Steem Dollars (SBD) </div><div class="t m0 x7 h5 y33 ff2 fs0 fc2 sc0 ls0 ws0">Minimizing Fraudulent Feeds </div><div class="t m0 x7 h5 y34 ff2 fs0 fc2 sc0 ls0 ws0">Mitigating Timing Attacks </div><div class="t m0 x7 h5 y35 ff2 fs0 fc2 sc0 ls0 ws0">Minimizing Abuse of Conversions </div><div class="t m0 x7 h5 y36 ff2 fs0 fc2 sc0 ls0 ws0">Sustainable Debt to Ownership Ratios </div><div class="t m0 x7 h5 y37 ff2 fs0 fc2 sc0 ls0 ws0">Interest </div><div class="t m0 x7 h5 y38 ff2 fs0 fc2 sc0 ls0 ws0">Setting Price Feeds </div><div class="t m0 x4 h5 y39 ff2 fs0 fc2 sc0 ls0 ws0">Subjective Contributions </div><div class="t m0 x7 h5 y3a ff2 fs0 fc2 sc0 ls0 ws0">Distributing Currency </div><div class="t m0 x7 h5 y3b ff2 fs0 fc2 sc0 ls0 ws0">Voting on Distribution of Currency </div><div class="t m0 xb h5 y3c ff2 fs0 fc2 sc0 ls0 ws0">Voting Abuse </div><div class="t m0 xb h5 y3d ff2 fs0 fc2 sc0 ls0 ws0">The Story of the Crab Bucket </div><div class="t m0 x7 h5 y3e ff2 fs0 fc2 sc0 ls0 ws0">Rate Limited Voting </div><div class="t m0 x7 h5 y3f ff2 fs0 fc2 sc0 ls0 ws0">Payout Distribution </div><div class="t m0 x7 h5 y40 ff2 fs0 fc2 sc0 ls0 ws0">Payouts </div><div class="t m0 x1 h5 y41 ff2 fs0 fc2 sc0 ls0 ws0">Consensus Algorithm </div><div class="t m0 x4 h5 y42 ff2 fs0 fc2 sc0 ls0 ws0">Consensus in Steem </div><div class="t m0 x1 h5 y43 ff2 fs0 fc2 sc0 ls0 ws0">Eliminating Transaction Fees </div><div class="t m0 x4 h5 y44 ff2 fs0 fc2 sc0 ls0 ws0">The Problem With Fees </div><div class="t m0 x7 h5 y45 ff2 fs0 fc2 sc0 ls0 ws0">Micropayments Don’t Work </div><div class="t m0 x7 h5 y46 ff2 fs0 fc2 sc0 ls0 ws0">Fees are a Barrier to Entry </div><div class="t m0 x7 h5 y47 ff2 fs0 fc2 sc0 ls0 ws0">Changing Fees </div><div class="t m0 x7 h5 y48 ff2 fs0 fc2 sc0 ls0 ws0">Sybil Attacks </div><div class="t m0 x7 h5 y49 ff2 fs0 fc2 sc0 ls0 ws0">Full Reserve vs Fractional Reserve </div><div class="t m0 x4 h5 y4a ff2 fs0 fc2 sc0 ls0 ws0">Bandwidth Instead of Micropayment Channels </div><div class="t m0 xb h5 y4b ff2 fs0 fc2 sc0 ls0 ws0">Impact of Capacity </div><div class="t m0 xa h5 y13 ff2 fs0 fc0 sc0 ls0 ws0">3 of 32 </div></div><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div 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rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>

<div id="pf4" class="pf w0 h0" data-page-no="4"><div class="pc pc4 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/bg4.jpg"><div class="c x0 y1 w0 h2"><div class="t m0 x1 h8 y14 ff1 fs1 fc0 sc0 ls0 ws0"></div><div class="t m0 xb h5 y4c ff2 fs0 fc2 sc0 ls0 ws0">Comparison to Fees </div><div class="t m0 x7 h5 y4d ff2 fs0 fc2 sc0 ls0 ws0">Account Creation </div><div class="t m0 x7 h5 y4e ff2 fs0 fc2 sc0 ls0 ws0">Justifying Minimum Balances </div><div class="t m0 x7 h5 y4f ff2 fs0 fc2 sc0 ls0 ws0">Effectiveness Relative to Fees </div><div class="t m0 x7 h5 y50 ff2 fs0 fc2 sc0 ls0 ws0">Renting vs. Buying vs. Time Sharing </div><div class="t m0 x1 h5 y5 ff2 fs0 fc2 sc0 ls0 ws0">Performance and Scalability </div><div class="t m0 x4 h5 y51 ff2 fs0 fc2 sc0 ls0 ws0">Reddit Scale </div><div class="t m0 x1 h5 y7 ff2 fs0 fc2 sc0 ls0 ws0">Initial Allocation & Supply </div><div class="t m0 x1 h5 y52 ff2 fs0 fc2 sc0 ls0 ws0">Current Allocation & Supply </div><div class="t m0 x4 h5 y53 ff2 fs0 fc2 sc0 ls0 ws0">Impact of Token Creation Rate </div><div class="t m0 x1 h5 y54 ff2 fs0 fc2 sc0 ls0 ws0">The Power of Steem </div><div class="t m0 x4 h5 y55 ff2 fs0 fc2 sc0 ls0 ws0">No Micropayments, Tips Optional </div><div class="t m0 x4 h5 y56 ff2 fs0 fc2 sc0 ls0 ws0">Value is in the Links </div><div class="t m0 x4 h5 y57 ff2 fs0 fc2 sc0 ls0 ws0">Solving the Cryptocurrency Onboarding Problem </div><div class="t m0 x4 h5 y58 ff2 fs0 fc2 sc0 ls0 ws0">Solving the Cryptocurrency Liquidation Problem </div><div class="t m0 x4 h5 y59 ff2 fs0 fc2 sc0 ls0 ws0">Censorship </div><div class="t m0 x4 h5 y5a ff2 fs0 fc2 sc0 ls0 ws0">Solving Organic Discovery via Search Engine Optimization </div><div class="t m0 x4 h5 y25 ff2 fs0 fc2 sc0 ls0 ws0">Shifting Toward Blockchain-based Attribution </div><div class="t m0 x4 h5 y5b ff2 fs0 fc2 sc0 ls0 ws0">Replacing Advertising with Blockchain-based Content Rewards </div><div class="t m0 x1 h5 y5c ff2 fs0 fc2 sc0 ls0 ws0">Conclusion </div><div class="t m0 x1 h5 y5d ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h7 y5e ff2 fs3 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h7 y5f ff2 fs3 fc0 sc0 ls0 ws0"> </div><div class="t m0 xa h5 y13 ff2 fs0 fc0 sc0 ls0 ws0">4 of 32 </div></div><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>

<div id="pf5" class="pf w0 h0" data-page-no="5"><div class="pc pc5 w0 h0"><img class="bi x0 y0 w1 h1" alt="" src="https://static.pudn.com/prod/directory_preview_static/6250b8a96caf596192189c9c/bg5.jpg"><div class="c x0 y1 w0 h2"><div class="t m0 x1 h8 y14 ff1 fs1 fc0 sc0 ls0 ws0"></div><div class="t m0 x1 h7 y29 ff2 fs3 fc0 sc0 ls0 ws0">Introduction </div><div class="t m0 x1 h5 y60 ff2 fs0 fc0 sc0 ls0 ws0">Collectively, user-generated content has created billions of dollars worth of value for the shareholders of </div><div class="t m0 x1 h5 y61 ff2 fs0 fc0 sc0 ls0 ws0">social media companies, such as Reddit, Facebook, and Twitter. In 2014, Reddit hypothesized that its </div><div class="t m0 x1 ha y62 ff5 fs0 fc0 sc0 ls0 ws0">platform would be improved if everyone who contributed to reddit.com by posting stories, adding </div><div class="t m0 x1 h5 y5 ff5 fs0 fc0 sc0 ls0 ws0">comments or voting were rewarded with a fair share in Reddit, Inc . Steem aims to support social </div><div class="t m0 xc hb y63 ff5 fs5 fc0 sc0 ls0 ws0">1</div><div class="t m0 x1 h5 y64 ff2 fs0 fc0 sc0 ls0 ws0">media and online communities by returning much of its value to the people who provide valuable </div><div class="t m0 x1 h5 y65 ff2 fs0 fc0 sc0 ls0 ws0">contributions by rewarding them with cryptocurrency, and through this process create a currency that is </div><div class="t m0 x1 h5 y2e ff2 fs0 fc0 sc0 ls0 ws0">able to reach a broad market, including people who have yet to participate in any cryptocurrency </div><div class="t m0 x1 h5 y66 ff2 fs0 fc0 sc0 ls0 ws0">economy. </div><div class="t m0 x1 h5 y67 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y68 ff2 fs0 fc0 sc0 ls0 ws0">There are some key principles that have been used to guide the design of Steem. The most important </div><div class="t m0 x1 h5 y69 ff2 fs0 fc0 sc0 ls0 ws0">principle is that everyone who contributes to a venture should receive pro-rata ownership, payment or </div><div class="t m0 x1 h5 y6a ff2 fs0 fc0 sc0 ls0 ws0">debt from the venture. This principle is the same principle that is applied to all startups as they allocate </div><div class="t m0 x1 h5 y6b ff2 fs0 fc0 sc0 ls0 ws0">shares at founding and during subsequent funding rounds. </div><div class="t m0 x1 h5 y6c ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y6d ff2 fs0 fc0 sc0 ls0 ws0">The second principle is that all forms of capital are equally valuable. This means that those who </div><div class="t m0 x1 h5 y6e ff2 fs0 fc0 sc0 ls0 ws0">contribute their scarce time and attention toward producing and curating content for others are just as </div><div class="t m0 x1 h5 y6f ff2 fs0 fc0 sc0 ls0 ws0">valuable as those who contribute their scarce cash. This is the sweat equity principle and is a concept that </div><div class="t m0 xd hc y70 ff2 fs5 fc0 sc0 ls0 ws0">2</div><div class="t m0 x1 h5 y38 ff2 fs0 fc0 sc0 ls0 ws0">prior cryptocurrencies have often had trouble providing  to more than a few dozen individuals. </div><div class="t m0 x1 h5 y71 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y72 ff2 fs0 fc0 sc0 ls0 ws0">The third principle is that the community produces products to serve its members. This principle is </div><div class="t m0 x1 h5 y73 ff2 fs0 fc0 sc0 ls0 ws0">exemplified by credit unions, food co-ops, and health sharing plans, which serve the members of their </div><div class="t m0 x1 h5 y74 ff2 fs0 fc0 sc0 ls0 ws0">community rather than sell products or services to people outside the community. </div><div class="t m0 x1 h5 y75 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y76 ff2 fs0 fc0 sc0 ls0 ws0">The Steem community provides the following services to its members: </div><div class="t m0 x1 h5 y77 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x4 h5 y78 ff2 fs0 fc0 sc0 ls0 ws0">1. A source of curated news and commentary. </div><div class="t m0 x4 h5 y79 ff2 fs0 fc0 sc0 ls0 ws0">2. A means to get high quality answers to personalized questions. </div><div class="t m0 x4 h5 y7a ff2 fs0 fc0 sc0 ls0 ws0">3. A stable cryptocurrency pegged to the U.S. dollar. </div><div class="t m0 x4 h5 y7b ff2 fs0 fc0 sc0 ls0 ws0">4. Free payments. </div><div class="t m0 x4 h5 y7c ff2 fs0 fc0 sc0 ls0 ws0">5. Jobs providing above services to other members. </div><div class="t m0 x1 h5 y43 ff2 fs0 fc0 sc0 ls0 ws0"> </div><div class="t m0 x1 h5 y7d ff2 fs0 fc0 sc0 ls0 ws0">Steem’s purposeful realignment of economic incentives has the potential to produce fairer and more </div><div class="t m0 x1 h5 y7e ff2 fs0 fc0 sc0 ls0 ws0">inclusive results for everyone involved than the social media and cryptocurrency platforms that have gone </div><div class="t m0 x1 h5 y7f ff2 fs0 fc0 sc0 ls0 ws0">before it. This paper will explore the existing economic incentives and demonstrate how Steem’s </div><div class="t m0 x1 h5 y80 ff2 fs0 fc0 sc0 ls0 ws0">incentives may result in better outcomes for most participants. </div><div class="t m0 x1 hd y81 ff2 fs6 fc0 sc0 ls0 ws0">1</div><div class="t m0 xe he y82 ff3 fs7 fc0 sc0 ls0 ws0"> Reddit’s Cryptocurrency, Forbes, Erika Morphy, October 2014, </div><div class="t m0 x1 he y83 ff2 fs7 fc2 sc0 ls0 ws0">http://www.forbes.com/sites/erikamorphy/2014/10/01/reddits-cryptocurrency-could-have-many-uses/#4e07b05332b</div><div class="t m0 x1 he y84 ff2 fs7 fc2 sc0 ls0 ws0">9 </div><div class="t m0 x1 hd y85 ff2 fs6 fc0 sc0 ls0 ws0">2</div><div class="t m0 xe he y86 ff3 fs7 fc0 sc0 ls0 ws0"> Sweat Equity, Investopedia, </div><div class="t m0 x1 he y87 ff2 fs7 fc2 sc0 ls0 ws0">http://www.investopedia.com/terms/s/sweatequity.asp </div><div class="t m0 xa h5 y13 ff2 fs0 fc0 sc0 ls0 ws0">5 of 32 </div></div><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a><a class="l" rel='nofollow' onclick='return false;'><div class="d m2"></div></a></div><div class="pi" data-data='{"ctm":[1.568627,0.000000,0.000000,1.568627,0.000000,0.000000]}'></div></div>