RE: How to boost the price of STEEM to over $100
You might have missed my point. STEEM is not all that usable like other currencies in the top 50. The more exchanges it is on, the more useable it is. Right now there are no major multilingual exchanges that list both SBD and STEEM together. That is a problem because people here get paid in SBD. If you don't know English or Korean, you have extra steps to convert your SBD and your options for exchanges are extremely limited. It becomes a hassle or burden and people don't want their currency to be a burden. Getting SBD and STEEM will drive usership up and the value. There will be no pump and dumps when people store their STEEM in SP because cashing out is a 13 week process. Right now, the majority of STEEM is locked into SP
Total STEEM = 267 Million
Liquid STEEM = 76 Million
That means there is 200 Million STEEM locked away in SP
Due to the extremely low available supply of liquid STEEM, the price is evaluated over $100. The problem is people don't want to use it because it is not available everywhere as a currency should be.
mh well i saw the potential of a pension fund due to the system so far once
https://steemit.com/rudyardcatling/@rudyardcatling/actual-uses-of-read-only-ledgers-and-private-wallets-blockchain-as-if-there-aren-t-any-decentralized-pension-fund-edit
in a way it cant be touched or "borrowed from" by big gov
but that still leaves the possibility of people draining it as it goes, which should be okay because i dont believe in the nanny state either
As for the use, i think those obese fish should stick their heads together and find a way to make steem attractive to venture capos without the company needing to go public
its a new world after all so it shouldnt be a problem but i fear the solution will come not from the ones who entered it with money
if anyone comes up with a way to make steem productive in any way at all so it becomes an investment to those who arent spending time daily on making it happen
thats when price can go up seriously
for real