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RE: STEEM grows to $10 !!!! Valuation of steemit versus valuation of reddit
Nice post! I do not think it is so easy to compare Steemit vs. Reddit. I more see Steemit as a potential hub in the digital asset universe, where intelligent people can share good content together. I guess. So, it might have a lot higher evaluation due to a bitcoin-effect. So perhaps it is comparing apples to pears so to speak. If you use the Reddit vs. Bitcoin, BTC would be pretty overinflated The number of transaction on Steemit is highest of all DA. That does not necessarily makes Steem more valuable. I just wondered about the traffic statistic for Reddit of 64. What kind of metric do you use? Reddit has a US Alexa rank of 5. Steem on!
Thanks for comments. Insightful. I agree that the comparison is very hard. I also agree that STEEM is benefiting from some kind of positive aura for being a crypto. But if that is all STEEM has going for it, why not just put your money into BTC?
You don't have to work so hard in that case. For STEEM, you have to do a decent amount of work just to stay even, due to the 9% inflation factor. And STEEM appears to mostly just track BTC in any case.
If we want STEEM to do MORE than just keep up with and track BTC; we need more value out of STEEM and we will need steemit to take on and win against reddit in terms of inherent capabilities.
The other difference between STEEM and reddit of course, is you need to be a VC with $10's of million in order to invest in reddit at this early stage of development. You just need $10 to invest in STEEM, at this early stage of development.
That is a very significant difference.
STEEM On!!
DaveB