You are viewing a single comment's thread from:

RE: Steemit Digital Real-Estate. Why Is Steem So Valuable?

Very nice write up! I think one thing that could stop it is if it costs new users hundreds of Steem to sign up. I saw Grant Cardone on Steem the other day using it as an advertising platform for his products.

Sort:  

As the value of steem increases, additional miners will install larger mining rigs to handle the increased data usage. There is a direct proportional relationship between

  1. The value of Steem.
  2. The amount of active Steem users.
  3. The minimum amount of Steem required for each user to function.

A rise of users without an increase in the value of Steem would require each user to have more Steem. Thankfully; the relationship between new Steem users and the value of Steem is also connected. Since many Steem purchasers acquire far more Steem then is relevant to their Bandwidth Capacity; we expect to see the amount of steem required for normal account operations to drop to less then 3 SP.