When more people will be onboard, the price of Steem will be higher. It is the same process of Bitcoin that you can split to the level of Satoshi. Never forget only 21 million will ever exist.
When more people will be onboard, the price of Steem will be higher. It is the same process of Bitcoin that you can split to the level of Satoshi. Never forget only 21 million will ever exist.
I don't think that will happen and I don't think STINC thinks that either that is why they are putting most of their efforts into SMT's and Dapps, the social media part has, I believe, already done its job, it has provided Steem with huge advertising, Steemit is very well known thanks to its social media aspect and now Steem will take advantage of this, but I think as a social media it has reached its pinnacle already.
Hiya! Glad you got something out of my blog, even if we disagree on a thing or two.
Not knowing all the in's and out's...some things are universal. If you believe that steemit has been beneficial because of the advertising and word of mouth it generates with it's current user numbers...than logically, increasing those numbers would help the value of steem go up. As I mentioned, there is a laundry list of crypo currencies to choose from to invest in. If one ( steem ) jumps out at potential investors because they have seen it's social media platform growing by leaps and bounds than that gives it a tremendous edge. Steem is currently hovering around .80. If steemit was one of the top 20 social media sites, y'think that might be a bit higher? of course it would. Much higher.
keep in mind as well, that as FB continues to fall on it's face, those people will likely go somewhere...they are currently posting on FB for zero money. So they need not even have to promise of getting much in the way of profit in order to find a happier home here on steemit.Remember, people thought FB had reached it's pinnacle too, until Myspace collapsed.