RE: How Much Can Steem Be Worth In The Future? Impossible $3121/STEEM?
I get teased about my absurd claims yet not even I have ventured into $3K+ STEEM ($1K is my max so far).
People do not realize how big the blockchain market will become.
There are a couple ways to look at it.
To start, blockchain is 100x more powerful and disruptive than the Internet was. Since that ended up as a siloed system, innovation was stifled. Now, with decentralization, there are thousands if not tens of thousands of developers working on blockchain all over the world.
Cisco did a study and concluded that the Internet is worth $19T (this was a few years ago). 100X that and you get over a quadrillion dollars. Is that possible? It could be.
The second way to look at this is to consider that the entire GDP of the world in 10 years, with AI and other tech, be over $100T...maybe even closer to $125T. At that time, 90% of all commerce will be done on the blockchain. So is a 10 multiple outrageous?
If not, then you top a quadrillion again.
At that point, a blockchain worth a few trillion is nothing.
Man bots are gonna be a huge part of the work force. Some people are speculating that AI will 1) make humanity largely unemployable, and 2) that the AI's income will have to be garnished to pay for a Universal Basic Income to prevent wide spread looting and starvation from the massive unemployment. Interesting and concerning times.
The tokenized world will be the basic income. People are going to be getting paid for doing the things that they normally do. Steemit pays people to post, comment, and upvote, activities done on Reddit, Youtube, and FB everyday.
This is the first of thousands that will emerge over the next few years.
We're basically going from a society where humans did everything for farming, mining, producing, to a AI/Robotised world where we humans, that grew addicted to social media and the internet get paid to support and surf on. The richest ones being the most creative or interesting or entertaining individuals. At this point, even VR will be another beast, and simulations will be in the neighbourhood.. Basically, in a nutshell.. Shit is going Faster and Faster and it's mad to be a part of it
Absolutely @reddutopia.
Add 3D printing to the mix where, eventually, people will be printing out a fair portion of what they need in the house for pennies on the dollar.
There is a ton going on and technology is moving ahead rapidly. We havent even begun to see what is going to take place.
Good point about VR....it went through the crash after the hype cycle and appears to be coming back strong....the developers seem to have made progress and are looking to bring it to market.
5G will really help that technology which will be around in 4 years (In the Western countries at least).
Ever seen wall-e
@taskmaster4450, agreed this is very possible, you are valuing it at the higher end on the upside as of today, but very possible. Being the pioneering force, and having a LOT of benefits over your competition, this enterprise knows no limits, on those put on it by the public investment. The public knowledge of this on the investor end is very little-from previously being nil. By the way, a 10 multiple is for companies in experimental periods with little experience of meeting street expectations. Every consecutive quarter Wall Street gets their minds together enough to start making educated projections, and this platform delivers, the sky is the limit, and yes $3121.00 steem is totally in play over the coming years. Thanks for the article, keep up the great work @cryptoctopus!
😂 what should i be the first to say 5k steem
I do believe that honor goes to you.
Yes!!!! I did it.
until blockchain goes mainstream we will still be baffled by how big steem can be, but the future has arrived and steem positioning itself as the future of blockchain then the potential is big
In a way, Steem is getting into the 'early adaptor' fase. We are having small pools of users from all kinds of demographics..
Especially in developing countries, Steem could be growing big fast.
The way the inflation of fiat currency keeps increasing the total supply, a quadrillion dollars is an easy achievement ;P