RE: The Best News in The World: There Is Not Enough STEEM To Go Around!!!! STEEM A $600 BILLION blockchain????
Great points. I do want to note that bandwidth is not gobbled up by upvoting, but by commenting/posting. It’s just VP that goes down by upvoting a lot. But new folks who don’t buy any STEEM often find they can’t post at certain times of the day.
I also see STEEM appreciating quite a bit. The only threat is EOS and STEEM competitors that might be built on that. If people get a sense that it would be easier to “be an early adopter” elsewhere than invest in STEEM to get more traction on here, that might cause a lot of hopping around instead of investing in one platform. You know how people are, as unreasonable an approach as that might be.
The other threat is an irrational market. I already think STEEM is the best investment out there, but you don’t see that in market behavior or most crypto group conversation at all. The market is focused on the wrong things. STEEM has to wait on a rational market to see its true value realized.
I’m incredibly curious to see what happens with SMTs.
The market is so huge that we are not even close to a bubble. We can talk bubble after another 100x in rise on all Cryptos. The world population is going up to 10 billion humans. We have room for 100s of similar platforms. As long as not everyone tries to sell at the same time there is no issue. Just as the Banks can hold lots of money because people do not try to cash out all at the same time. Since it's very unrealistic. We are entering into an Era where money will be a pointless metric since everyone will have what they need already.