The analogy of next bitcoin is present scenario of bitcoin compared to the future scenario of a blockchain.
There has been numerous next bitcoin by that comparison.
So when btc was $1000, and Eth was $1-$5, they said Eth will be the next bitcoin. Do you think ETH now at $800 won't get to $1000?
As such is the logic of the metaphor.
Just pointing it out.
Here is the same logic as Eth that is relevant to our Steem scenario:
If you think bitcoin can get to $1million at say 20+million coins produced by then or whatever the timeline in decade+.
Then if Steem is the next bitcoin and we are just 20x more than bitcoin is total possible coin liquidity (assuming everyone powers down and trade Steem like bitcoin) at that point in time (say mid of next decade), then we will be worth around: $5,000 to $10,000 per Steem.
If you like I can do the math for you but I can see as a bitcoin fan you can easily figure that out.
Note for Near Future Comparison: We are only around 15x more (in liqudity) than bitcoin today, and say bitcoin today has optimistic 1 million real users (approximately over 1million bitcoin wallet exist about end of last year). If we get to 1 million real users in Steem in next 1-2 years, then our value can easily be justified as bitcoin divide by 15 without competing with bitcoin at all and using even today's number $18,000 bitcoin/15 is way-way greater than $100 per Steem.
Respectfully, even your account in a decade could be worth 6 figures, definitely in the thousands in the mid term, I hope you hold onto your Steem Power.
The analogy of next bitcoin is present scenario of bitcoin compared to the future scenario of a blockchain.
There has been numerous next bitcoin by that comparison.
So when btc was $1000, and Eth was $1-$5, they said Eth will be the next bitcoin. Do you think ETH now at $800 won't get to $1000?
As such is the logic of the metaphor.
Just pointing it out.
Here is the same logic as Eth that is relevant to our Steem scenario:
If you think bitcoin can get to $1million at say 20+million coins produced by then or whatever the timeline in decade+.
Then if Steem is the next bitcoin and we are just 20x more than bitcoin is total possible coin liquidity (assuming everyone powers down and trade Steem like bitcoin) at that point in time (say mid of next decade), then we will be worth around: $5,000 to $10,000 per Steem.
If you like I can do the math for you but I can see as a bitcoin fan you can easily figure that out.
Note for Near Future Comparison: We are only around 15x more (in liqudity) than bitcoin today, and say bitcoin today has optimistic 1 million real users (approximately over 1million bitcoin wallet exist about end of last year). If we get to 1 million real users in Steem in next 1-2 years, then our value can easily be justified as bitcoin divide by 15 without competing with bitcoin at all and using even today's number $18,000 bitcoin/15 is way-way greater than $100 per Steem.
Respectfully, even your account in a decade could be worth 6 figures, definitely in the thousands in the mid term, I hope you hold onto your Steem Power.
Truth!