Market value of Steem can become much higher than Reddit: Here is why
Some say that "Reddit had 500mn value some years ago, so how high can Steem go?"
This rationale and comparison is wrong:
Steem is a superset in terms of content-overlap. Meaning that not only does it overlap the content of reddit, but also tons of content residing in non-paying forums, plus tons of content residing in ad-paying blogs, for which reddit and forums cannot compensate the authors - but Steemit can.
In other words the real comparison "equation" is:
As a Steemit user you may have already noticed that your increased participation here means that you participate less in your prior activities (foruming, blogging, redditing, etc) - and this is something that you know empirically, yet is "unaccounted for" in the steemit=reddit equation by the "expert" evaluators...
So marketcap evaluators you can now get back to work...
