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RE: Valuing Cryptocurrencies Based on Competitive Advantage
Obviously this is all hypothetical at this point.
But 60k daily users is not a lot. A social platform that spends on marketing could get to that size pretty easily.
I don’t know that it will happen. I’m just saying the barrier to entry for a steemit competitor is pretty low. Someone might look at ned’s account and realize that they could create similar wealth for themselves with a new offering.
Well i dont see that happening that easily. Creating a whole new blockchain with fixed issues all around. And 60k daily users is a lot in the crypto sphere. No other blockchain i know of has that many users. Those numbers are based on daily transactions. The amount of registered users is larger. Steem has accumulated the "everyday guy" type of user most of the population is. Im an "everyday guy" in regards to my monetary power regardless of my talents.. I dont have cash to throw at a token.
And im pretty positive that the future is in us consistent users once the disbalance is rid of, hopefully with SMTs.
As you said, a user base on a regular platform can grow rapidly if you have a product and throw money at it, but this is crypto. Those rules dont apply here.
Little if any rules apply here in that regard