Can Steem have long term sustainable growth?
This is a question that has come forth. Another question closely follows:
what if nobody is buying steem?
This question holds true for all coins..."what if nobody is buying the coin?"
Thing to realize here - coins that have no real use case at the moment are being traded with speculative value. A coin that has practical use cases...can also have speculative value.
Is it possible that a coin with a strong use case...would have a strong propensity to grow in it's speculative market valuations?
With network expansion of participants...the very speculative value of the coin increases - there are more in the know of the network...which increases the potential connections....use in valuing the coin.
What about advertising and revenue sharing?
Your steemit account is an advertising account.
You are the add generator as you add content.
The value grows as the network grows the use case for the currency becomes greater as there is a strong value and regard for the currency.
The potential for many markets is possible to emerge.
The fact that it costs no fees to send the coin anywhere in the world is an extremely valuable service.
Many services exist that provide less than that standard of quality service.
The network....the markets....the networking effects determine the valuation of the coin
Markets create consensus on the price
when you have a strong core group....community that supports and regards the value of the coin....it's possible for the coin to grow and develop in it's maturity and price valuation.
It doesn't take the exact number of dollars that create the total coin market cap of a coin to create that value for the coin. Price is a result of the last buy/sell prices. All existing coins are regarded at a speculative value based on current market trading prices.
The value of a network can grow exponentially when there is a strong majority of support....consensus for the coin. Bitcoin is a great example of this. Steem too...
Vincent Briatore: Is Steemit a Scam
After watching his video - I thought he raised some interesting questions and concerns...and I think the steem blockchain model is a bit of a paradigm shift in regards to how we manage our content creations...and participations with our peers content creation
Steem is like this engine that is a revenue generator...it's essentiayll an advertising protocol for an attention based economy. Essentially it's all about ad revenue....and the network is the ad revenue generator. So these "adds"...are our additions..."add" plus one...plus one....our new post adds...add to the total of what we had before....add new posts....collect new rewards....rewards will have more and more exchanges...markets for trade...as the community develops and matures, so to do the markets.
It's quite possible that the markets for the exchange of steem continue to develop...and people continue to share new content...it seems like we've barely scratched the surface
Share your comments - Cheers to an Extraordinary 2018
