Lets talk about Facebook stock.
It's worth more than Bitcoin. Like, all of Bitcoin, yes that much. How much more? Just over 30 times more. What does that mean to you? Two things. Facebook Stock is extremely expensive. One share being close to 130$ at the moment. But it also means the upside for Steem Power is not capped like every other altcoin before it. I hesitate to call Steem an altcoin. Steem is really a first, the social media aspect of it is what makes it so valuable to me as an investor. Most coins can hope and pray to one day reach Bitcoin 9 Billion Dollar marketcap. Steem has things like Twitter, Instagram, Facebook to compete with. Facebook alone has a marketcap of 300 Billion with a B billion. You can build your own version of social media with the Steem blockchain's opensource code without even forking it. Steem can grow not with tentacles but with teleporters. SteemSouthAmerica. SteemEurope. SteemAustraila . These websites can all exist use the same blockchain and see every post from every website and Iphone/Android app. To invest in this opensource anyone can build anything at any time style platform Steem Power was a great solution. It insulates you from inflation while costing some liquidity and cryptographically securing your "Stock" in your possession not in a 3rd party account like E-trade.
Steem is also the only coin not skewed 100% toward those with the highest mining budget or newest ASIC mining technology.Both Bitcoin and Steem are owned in large percentage by the top 1% of users. So before you complain about how much Steem the whales have, think about how much of Vitaliks pre-magikd share in Ethereum he has actually Sold on the open market already and Ethereum has a higher marketcap than Steem right now.
Don't take my advice just Blog on Steemit.
Where can I short facebook stock? :D
Shorting Facebook is basically illegal thanks to Quantitative easing .
hmm :(
This post has been ranked within the top 80 most undervalued posts in the second half of Nov 13. We estimate that this post is undervalued by $5.85 as compared to a scenario in which every voter had an equal say.
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