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RE: Steem's market cap per active user is 150x greater than Facebook's!!!
What does it mean? The price of Steem is 150x too high, or the price of Facebook is 150x too low?
Quite early for metrics like that, but very funny
You're completely right of course. These types of comparisons are always a little bit silly, but some people find them useful to just think about. It's not even clear if we should even compare Facebook and Steem, since one is an app and one is more a platform for apps. It's fun to think about though.
It's not too high. Think about it, over 95% of STEEM are locked up in SP, thus leaving only around less than 5% of all STEEM in existence right now as potential liquidity.
Also think about that the majority Facebook users do not hold Facebook shares thus they have no stake in providing content or value to the system. Whereas by becoming a Steem user, you automatically become a stakeholder and thus have a greater incentive to add value to the system.
Also, Steem is very young as of right now and I can already see the vast the vast potential available. With more things to come such as encrypted chat systems, saving articles, possibly communities/groups, possibly being allowed to change the style of your blog (kind of like styling a reddit page) and a fully working transaction system this has the potential to blow Facebook out of the water.
Moonshot here, but imagine if this experiment works out and establishes a large user base. Maybe in the future some sort of Open Bazaar integration could be implemented as well.
Essentially when money is programmable and implemented within systems of value creation the possibilities are endless, because programming is god.
You're absolutely right. But you wouldn't want to call it liquidity, its called float. Liquidity is much narrower. The 5% float are the perfect way to control the market, and the only way is UP
probably too high!