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RE: If a video goes viral on Steemit does it have the potential to make someone an overnight millionare?? Thoughts
I know the Steemit user-base is to small now, but maybe in a couple years we will be seeing people making lots of cash.
The rewards are actually a function of the market cap rather than the userbase. They exist to attract users to bootstrap the network (similar to how Bitcoin bootstrapped with the coinbase reward for miners). In effect it's investors in Steem and Steem Power who are funding this, and thus if there is a big speculative bubble in SteemIt, you could actually see $1 million rewards before the actual userbase is here.