with steem at a $1 and 250,000 users
we do 10X to get steem to $10 the user base would need to reach 2,500,000 users that seems doable at the rate of growth we are seeing of sever thousand new users per day I think we could see that kind of adoption happen for steemit.
Holla!
-Isaac
Absolutely ... also with cryptos becoming the hottest thing in the next three years... big things are coming 🙌🏼
I think less than 10x is needed. Steemit sure cannot reasonably handle 2.5M users (not in terms of raw power, but setup of the website, layout, etc, I mean). $10 sure would bring Steemit on the radar of many Facebook users.
The on boarding cost needs to have a better solution for sure.
To reach 10 $ I do not think it necessary to create a community of 2,500,000 users and I would apply the Law of Metcalf, we use the metaphor of the phone, if there is only one, as such has no economic value. According to Metcalf's Law, if there are two the network of telephones is multiplied squared. The economic value of the network increases from zero to two squared, or to four. Adds a phone to the network and the value of the network will be nine. In other words, the economic value of a network grows exponentially, not arithmetically.
Excuse my English, my native language is Spanish.
Greetings from Venezuela
Great point used! Law of Metcalf is the reason for the tremendous success for most of the big organisations . Like Google, FB, and mostly anything that connects 2 or more points of interest.