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RE: Taking a Realistic Look @ Steem Value & Growth
The currency (Steem) derives its value from what is created on Steemit. Although one is a platform and one is a currency, they are interlinked. It's like saying bitcoin (the currency) is different from bitcoin (the blockchain).
Well, not exactly. Don't forget that there is a price-stable currency (Steem Dollars) built into the platform. And an ecosystem (including a marketplace as well as applications beyond Steemit.com) will be built around Steem Dollars. So Reddit is really only good for a very, VERY rudimentary basis of comparison. All in all, when you a) consider the above reality, and b) do a real calculation of the market cap (factoring in only liquid STEEM), it starts to look like STEEM is undervalued, perhaps vastly so.
Hello tombstone. I'm glad you explained this, as I was about to post an article about it. Where can I find more detailed information about this? Can you give me a link?
why is it that only 8 of the 25 whales on http://steemwhales.com/ are holding Steem Dollars, and those that are holding are only holding a very small amount relative to their total estimated value on the platform?