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RE: There is something rotten in the State of Steemit and you should be very aware.
Steem is violently over priced/valued.
I only joined in january, but for me Steem has been incredibly underpriced. I loved its low price as it was easier to collect Steem. The price is still low in my opinion. Should be $7 in this economy. $400 within a year or three.
@riskdebonair - a social media platform with about 2 to 3,000 punters which contains no revenue model apart from a currency which has no application as yet beyond its own borders; there are far more ex-steemians than steemians and the value is held by under 100 people. You seem to value such an enterprise at a very substantial multiple.
You are suggesting that steemit.com is worth over a billion dollars.
Your valuation - to give you perspective - is over 100 times more than the way that the market values Facebook, a listed entity with a Balance Sheet and a solid history of performance!
Fascinating stuff!
Namaste.