RE: Building Long Term Value from your Blog
I largely agree with this viewpoint. However, I am having a hard time understanding how this equity growth story will remain true as Steem starts to really scale?
For instance, you mention that STEEM worth $100 right now can easily be worth $10k in a few years. 100x viral growth is understandable when coming from the current size. However, once that growth is achieved, it will slow considerably (there are simply not enough humans on earth for companies to maintain 100% growth until the end of time). Once STEEM reaches a more steady, slow growth, I have a hard time seeing how professional content creators who currently draw their salary from years of content will be able to replace it with a STEEM model as it currently stands. Obviously, it isn't really a problem for the foreseeable future, but I am still curious what the plan of attack is at that point.
I could also be missing some basic facts and would be happy to be refuted.
Thanks for the great post!
All things go through different life cycles. Once Steve had a successful site his efforts mostly went into maintaining it. Once the site is "mature" then people will have to view payouts as "cash", but by the time Steem is mature the market cap may be $100 billion dollars and daily rewards will be $2.7 million dollars. That is a lot of cash to distribute every day.
Those who work today not only profit by rising STEEM prices, but they establish a brand and following which will secure them a larger part of that $2.7 million per day.
I agree. Now is the time to build your brand and build up your Steem. If you work hard now, you will reap a much larger slice of the pie later, when hopefully that pie is much larger! Now we just gotta build to that $100 billion dollar market cap ;)
You got me so intrigued right now. Will sleep and blog tomorrow when I wake up.
Bingo imo