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RE: Is 200,000 Steem all anyone will need?

in #steemit7 years ago

Your math are wrong. 600M times 100 is 60 billion NOT 600.
Comparing facebook marketcap with steem marketcap is useless, you are comparing a stock with a currency. Steem could go well beyond 500 billion cap with a fraction of facebook userbase.

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You are absolutely right! Stock and currency are two different things. Also, Facebook users are valuated by how much companies are willing to pay to show then ads, but Steemit users are valuated by a whole lot more . STEEM or SBD as a currency can take a significant slice of the money transfer market and demand from that alone can easily get it's market cap to tens of billions. Bitcoin has less real world usage and incentive to hold compared to STEEM with STEEM power. STEEM usage for content platform will also have inherent value which will add a couple more billions to the market cap... Not to mention that when people hold STEEM power, there is less liquid STEEM and with that, demand will drive prices high.