RE: Cryptocurrency Is The Opportunity Of A Lifetime And STEEM Is The Model Going Forward
Due to SBD's high price ($7), people with $1M worth of SP (165000 SP at $6.1) has voting power of ($72000 per month) that means a user with $1M worth of SP can produce $72000 worth of new money per month. I wonder if STEEM goes to $100 in near future (one year or two), there will be 1000 such users (according to steemwhales there are 1000 users with 10000 SP) who will have $72K VP per month or in total $72M VP. Though this VP will decrease slowly due to decreasing inflation rate (0.5% a year). But rate of decreasing inflation rate will not affect VP in next 1-3 years that much.
The question is how these 1000s of STEEM USD equivalent millionaire use their voting power. If one delegates to bot business, they can earn $40-50K per month without any effort. Or, if some of them act as rouge (e.g. self-voting on easy-peasy comment or two sentence post), how the system will handle them. These things boggles my mind if STEEM reaches $100 and what SBD will do in near future.
One thing is that STEEM needs to be redistributed among large pool of users, it may solve some of the problems. I believe it can happen too, lots of investors who bought STEEM at $2, may sell at $10, $20, $40 to take some profit.
Fellow steemitian @bronevik has interesting proposition:
We desperately need a middle class here on Steemit - dolphins and orcas. These are the guys and ladies who will make their living by the platform. They will get new users, they will monitor the health of the platform and spot anti-social behaviour. They are highly motivated to do so. and
Steemit Inc and broader community need to pay much more attention to the economy. I'm not saying that SMT is not worth its efforts but SMTs stand on the main platform and as healthy as the platform is. You dream of Forbes and NYT integrate with steemit and drive the price to da moon. That won't happen. They won't integrate with the platform where could came a whale mindless from his power and start to terrorize their users just because he can. And they would not be able to do anything to prevent it.