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RE: Hold On The Panic Is Coming...

in #busy5 years ago

Honestly, just some quick rough estimates in my head. But you got me to take a look at the actual figures a bit more! 😄

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So with the debt we’re at 333 million Steem existing. Inflation is roughly 8.5%.

Let’s even say it’ll take 5 years to reach 10 million accounts. Simplistically speaking (+8.5% a year) we’re up to 417 million Steem by then, but it’s actually less because of falling inflation and some burn mechanisms. 10 million accounts in 5 years time = 41.7 Steem per account if everyone magically had an equal share! The “middle class” will actually have about half this amount. And with inflation that year running around 35 million Steem, the average Steem per year per account is 3.5, again with the median being half that or less. We’re talking 1-2 Steem per year earned by “normal” accounts if we hit 10 million users in 5 years!

Steem is a very scarce commodity with even a modest userbase. 500 Steem won’t remain the threshold to “minnowdom.” At any sort of scale that’ll practically be the new whale!

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Thanks for taking the time to break it down for me. This is quite inspiring. I will need to start acquiring more STEEM, and selling less of it.

Do feel a bit silly as I have had probably 20,000 or more of it altogether, but I suppose I didn't have much of an option but to sell that at the time I did. I am just glad it's still not too difficult to earn small quantities of it at this moment in time.

I always knew I'd be a wealthy internet tycoon 😜 hodl hard! my hopefully 2000 organically grown steem will be the stuff of legends ! If I can buy just one Lambo it will have all been worth it! I imagine my portfolio will be a few BTC valued at a John McAfee dick eating Million each, and If that all goes to shit I'll have my dramacoins to fall back on...

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