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RE: Steemit is an Incredible Success

in #steemit • 6 years ago

I very much agree..

looking at the steem price it is also a question of what a working community with this many engaged members should be worth...
I believe it should be ways above the current marketcap...

6 years ago in #steemit by
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  • Past Payouts $0.11, 0.00 TRX
  • - Author $0.09, 0.00 TRX
  • - Curators $0.02, 0.00 TRX
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     6 years ago 

    The speculation angle is insane as well. A few of my posts have been getting upvoted up to $10 lately, aka 30 coins. If Steem was $10 and SBD was $10, all of a sudden that 30 coin post is worth well over $1000.

    $10 post (30 coins) becomes $300 post.
    $300 post pays out $225 after curation.
    $225 post creates 112.5 SBD
    total value 11.25 Steem * $10 + 112.5 SBD * $10 = $1237.50

    Even though SBD is totally unsustainable at $10 we know that it can happen for a short period of time... which is absolutely mind-blowing to me. In my mind, these numbers should be impossible, yet here they are. These kinds of payouts were literally happening to people in my position one year ago (when I arrived).

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