_{Image borrowed from here}

So I was going through the Trending page and came across a post by knircky on the newly created telegram group of steem-bounty. As I did not know anything about the bounty system of @steem-bounty and did not understand the whole process perfectly, I joined the telegram group(https://t.me/joinchat/FHXdlw_djQOjdxuFeg_BZg). I along with other members of the telegram group asked tons of questions and knircky answered them patiently and perfectly. This made me wonder, what if I combine all the questions and answers together in a post so that other people having common issues don't have to query sporadically the same stuff again and again and save the group moderators the trouble.

Imagine you posted a question in your steemit blog and you are looking for people's opinion. The person with the best reply should get awarded, right? Well, that's where bounty comes in. You can upvote the comment of people whose replies you liked and they will receive a reward based on the amount of your bounty.

For example, in this post, people were asked to suggest a name for a clinic. And people came up with amazing names-some even with wonderful etymology of the name! The good ones were granted STEEMs. Go check it out.
Now to check all the ins and outs check this post :this is the Magna Carta! 😜

Is there a minimum SBD amount required for the bounty?

What if I have a change of heart after sending money to put a bounty on a post? Can I annul it?

Can I send the bounty now and give the post later?

Now I would like to share my conversation with knircky!!!

In short:

If you are wondering, well, the upvoters get rewarded, what do I get? Let me remind you again from this post's comment section:

Or go check out this guy's income from this post(where bounty was put) compared to his previous posts without bounties.

They also post a report everyday on posts which are enlisted for bounties. Go check out this week's report if you haven't already.

Got questions? Join the telegram group.