The reason Steem will be the highest marketcap Crypto even over Bitcoin. & Why you might want to Power up.
Have you ever heard the term, "human resources". Do you know what that means? No it is not just for people who help you complain at your job. It means people, who add value just as any other resource would. Their work is a resource, Their knowledge is a resource. With the right tools even their trash can be a resource. Steemit just as every other social media website harnesses human resources for content creation and curation. Facebook is a 366 Billion dollar company for the simple reason that most people in the developed world and some even in the third world have a Facebook account. The value of a billion users for your website its nearly immeasurable. If Facebook has a google ads account I'd sure like to see how much they are raking in from errant clicks and pop-up ads alone. Not to mention the new Facebook ads feature that allows you to pay Facebook to put your ads up.
Just for fun lets Imagine Steemit grows to be as big as Facebook and gains a 300Billion dollar marketcap. What would Steem be worth then? Well if we use the number of Steem in circulation today. It would be over 1,500 dollars per Steem. We know by then there will be many more Steem in circulation. But Those lucky few with Steem Power from todays prices. Would be powering down for massive amounts of Steem.
Where does Steemit get the money to pay all these content creators? The same place Facebook does.
Sounds good! That why we share to our largest accounts on facebook and twitter to bring new people over.
so what's the reason?
Good post
All true...
Believe in steem and make effort to grow
Resteem and follow!
We just gotta figure out to get 1B people to create a steemit account :)
Seems to me the real difficulty in doing that is getting them to understand that steemit is not a scam. Hard to do with the pariah status of blockchains.
It can be, but you will see the site evolve quite a bit in the next couple months. I am looking forward to it. You never know what will spark the masses to come here but when they do... look out
I tell them, If you have a Facebook account you already have a Steemit you just have to sign in through Facebook once.
If Steemit ever experienced such explosive growth as to propel it into the same league as Facebook, the massive price spike we saw earlier this summer would look like a small speed bump by comparison. $1500 per Steem... I'd be cautious about throwing around specific numbers, as that starts to create expectations in your mind and then sets you up for disappointment when those expectations are not met. But I agree there is a lot of potential upside. The one thing that concerns me a bit is how massively inflationary Steem is. I think a lot of people overlook that aspect when doing these sorts of growth projections. But hopefully the Steem Power "interest" we all get will be enough to counteract the inflationary aspects once prices begin to stabilize and we start seeing real growth. Here's to the future! ~raises an imaginary glass in salute~
The price of Steem wont matter if you invested in SP early and many users join Steemit . Price could be half a cent per Steem but ur power down could still be worth lots.
And when we pull money with a shovel? :)
Thanks for an excellent post @matrixdweller! Great points