STEEM ECOSYSTEM: At $550m the scalability of STEEM & STEEMIT is simply jaw dropping as FIAT Currencies loose their MOJO..!!
STEEM PLANT ROOM
First of all I would like to give a warm welcome to the new followers of my blog who have joined me this week.
Regular readers will tell you that a while ago I built a STEEM PLANT ROOM and often bring out the slide along with many in my arsenal to help explain how STEEM, STEEMIT and the complete STEEM ECOSYSTEM works.
They will also tell you that I like to break things down into "bite-sized" chucks to help explain without a confusion of the technology that sits in the background.
Today I thought it would be a great idea just to dust down the STEEM PLANT ROOM slide and add in a few numbers.
Maintaining the theme of keeping things simple, currently STEEM has a Market Capital of $550 million and is made up of 234 million "floating" STEEM at $2.35 / STEEM.
At $550 million, STEEM is undervalued, it is GROSSLY UNDERVALUED..!!
DEBT BASED CURRENCIES
Unlike Fiat Currencies, STEEM has NO DEBT..!!
This is fundamental when it comes to valuing STEEM as not only is it backed by creative, valued and validated content, it allows TRUE STORAGE OF WEALTH.
One could argue that STEEM actually is stationary and neither looses nor gains value and what is really happening is that FIAT CURRENCIES are rapidly heading into the gutter under the sheer weight of Current Debt and worse still the Unfunded Futures Liabilities.
However, I strongly believe that it is more important than that, much more important.
FIAT CURRENCIES ARE A LIABILITY AND LOSING THEIR MOJO
I would say not only are FIAT CURRENCIES losing their MOJO and CHARM they are fast becoming a LIABILITY to own..!!
This rapid decline in the desire to own FIAT CURRENCIES is evident in the overwhelming, though not surprisingly, exceptional rise in BITCOIN that is showing no signs in abating.
If anything, I see the meteoric rise in BITCOIN that we have recently witnessed SPEEDING UP, not slowing down.
STEEM ECOSYSTEM
So at $550m and with a jaw dropping scalability of STEEM & STEEMIT is it cheap?
Absolutely it is, it is VERY, VERY, VERY CHEAP..!!
Why? Because it is DEBT FREE..!!
Thanks again for reading.
Stephen
Excellent form @stephenkendal
Well done!
You summed up how I see our current monetary system as it pertains to crypto and fiat.
Crypto= Finite, appreciating asset
VS
Fiat = Infinite, depreciating liability!!!
I really enjoy your post! Thank you and keep them coming!
Crypto= Finite, appreciating asset
VS
Fiat = Infinite, depreciating liability
....I could not have put it any better myself..!! Thanks for the comment. Stephen
Shared on twitter. Stephen
Shared on LinkedIn. Stephen
It's debt free and in a position to fund many great projects by simple acts we were used to do on other social media pointless. Remember those "like greedy" pages who posted the images of sick people with title: 1 like 1 dollar for this person to help. Now, on Steemit there is a real possibility of helping people and projects and the charity and crowdfunding is currently my favorit aspect of Steemit and Steem. But there will be many, many more feautures in the future of Steem.
People don't realize how easy it is for Social Media get a valuation of 1 Billion, it's important to gain a followings by this we need more people to join the platform.
If done right Steemit will have easily over more than 100-300 Million User signed up, with so much Economic Uncertainty I expect at least 1 Billions users by 2025. Steemit is like Snapchat, just that it's brand new and everyone has a stake in Steemit as a special Shareholder (Steem Power Holder). Investing in Steem is one thing while the billion dollar idea is investing in Steem Power, a new revolutionary assets that will definitely drive demand for Steem. Undervalued you say, I say Yes!
A great comment and one that mirrors my strong believe where we are heading. Stephen
This post has been ranked within the top 80 most undervalued posts in the second half of Jun 11. We estimate that this post is undervalued by $28.96 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Fantastic post, good job @stephenkendal
Thank you and thanks for the support. Stephen
You're welcome friend.
Very nice Post, Greetings from UK SouthEast :)
Thanks @Joanawatts :) and thanks for the UK shout out :). Stephen
:)No problem, Thank you for your generous upvote, I appreciated a lot !!!
Another fine piece of work. I do believe demand for steem will far outpace the supply.
Thats what I'm talking about :)