I agree with this well put together post. I will add that the market cap isn't trying to value each user around $25,000..but instead is a prediction investors are making that Steemit could have a much larger user base in the future. My struggle is that after getting lucky on 2 posts and putting a bit towards a Steem Power investment, I'm making about 15 Steem (Power) per day in interest which is way more than I would likely make from blogging part time. For full time bloggers with lots of followers this would not be the case. I also hope Steemit figures out how to get money from the outside..such as ad revenue (though something less off putting if possible). If Facebook only had users and nothing for an external economy to feed money into and get something out of..it wouldn't have much of a market cap at all.
You are viewing a single comment's thread from: