Steem's market cap per active user is 150x greater than Facebook's!!!
Steem's users have value!
I've just been digging into the numbers lately considering the tremendous growth that the Steem price and market cap have seen lately, and I came across some interesting findings. If you compare the market cap per active user of Facebook and Steemit... Steemit's is 150 times greater than Facebook's!
Steem's market cap: $129 million
Steem total weekly active user accounts: 4333
Steem's market cap per active user: ~$30,000
Facebook market cap: $338 Billion
Facebook total monthly active user accounts: 1.654 Billion
Facebook's market cap per active user: ~$200
Note: I couldn't find weekly active user accounts on Facebook. Also, Steemit has added a lot of users in just the last few days, so the real result should be somewhat less than 150x.
Facebook has 500 million mobile-only users. We need a mobile app.
One other thing that was glaringly obvious from looking at some statistics for other social media platforms is the sheer number of users that are strictly mobile-only. There is on the order of 500 million to 1 billion people that are strictly mobile-only users of various social media platforms. It is absolutely important for us to develop a mobile platform for Steem, as this will open us up to a tremendous amount of new members.
This is awesome! I have been posting on Facebook to get my friends to start posting their content here on Steemit. This platform is just so awesome, and the reward system just makes Facebook look dumb at this point.
Cheers for this post!
Chris
CSO Bitland Global
Thanks! I think once people start to realize that their ideas have value, they'll be ditching Facebook for Steem in droves!
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!
Mobile app will be here soon. I have no doubt devs are working on that. Steemit is the real deal..
Facebooks unoriginal and stolen content is still 99% greater than steemits, I bet.
Its kinda funny, I listened to reddits advice years ago to:
the 3rd one I didn't have to do since I don't live in the U.S. but the other advice was great and ever since I deleted my facebook account I feel I have gotten a lot less brain waste filled in my head.
Its kinda ironic now that even reddit is falling through the facebook hole, even youtube is only getting worse and worse every day.
Glad to be part of a new and fresh movement that will take over the internet of things in the future! Long live steemit!
Thanks for the comment. lol, delete facebook and hit the gym. That is some solid life advice, I love it.
So crazy to see this! I can't wait until the reaches mainstream media! The day will come. Very soon.
@vote please give me back my 0.100sbd i'am wrong send
i agree as well we need a mobile app, and an easier way to upload video. Non the less i much prefer to spend my time here then on any other site. I also think that the site will grow fast and in a year from now we will have millions of people here
Definitely a mobile app, and some kind integration for storage, maybe team up with SIA or Storjcoin X.
What is the value per active user of Bitcoin?
As you know it's a little hard to estimate because of the pseudonymous nature of Bitcoin. There are about 4 million Bitcoin addresses worth more than $1, but to be a little conservative I'll just go ahead and estimate maybe 750,000 active users, which would give Bitcoin a market cap per active user of ~$13,000. Looks like we're on par with Bitcoin in that respect.
Next up.... worldwide adoption :)
right now 1 steem user is roughly 60.000 USD worth and we grow with 1000 user a day. so we reach the bitcoin marketcap in 160 days. You can expect much faster, because i estimated it only with 1000 new active users a day.
It doesn't work like that: not every user is gonna bring $60k with him... The market cap stays, the cap/user drops.
With estimates of bitcoin users to reach 10M, cap/user is about $1050.
More info: https://steemit.com/crypto/@r4fken/market-research-comparing-bitcoin-ethereum-ripple-litecoin-and-steem
Very conservative: about $1050.
See also https://steemit.com/crypto/@r4fken/market-research-comparing-bitcoin-ethereum-ripple-litecoin-and-steem
I wrote this blog about Steemit:
https://steemit.com/revolution/@chris-bates/steemit-blogging-rewards-done-right
Sweet I hope this is finally my lucky break and lucky break for all of us!
Where did you get the stats for the users? Can you do an updated follow up post please?