So, 100usd steem is probably off the table until usd are worth much less.
Those numbers are a sadly limiting reality.
Many moving parts to this game.
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So, 100usd steem is probably off the table until usd are worth much less.
Those numbers are a sadly limiting reality.
Many moving parts to this game.
If I had to guess I would say at 2 million users/accounts we will be at $10 and at 10 million we would be at $100.
It's hard to estimate though. For all I know we could be at $100 when we hit 2 million.
All we can do is wait and see.
There are things we can do to try and make it happen.
My post doesn’t address the price of Steem per se but it does suggest that demand for a limited supply of Steem could accelerate. That alone would put upward pressure on Steem’s price. I would not at all rule out 100 USD.
If we hit 100 million I wouldn't be surprised if Steem was at $1,000.
I havent ruled it out, but do contend that demand for influence on a blogging site might not equal a dinner in a nice restaurant, and the price is limited by what folks find to be a fair use of their resources.
If steem goes to 100usd my grandkids will benefit, 10usd takes care of my worries, today, but inflation happens.
If steem influence is worth less than a night on the town, lets hope it never goes below a cup of coffee.
Another thing to consider is that there is no forced redistribution method like taxes on income or wealth that might exist in other real-world economic systems, combined with the fact that current whales dictate where future steem is distributed (themselves, mostly), and you have a system set up for failure that doesn't scale at all.
Whale greed will be the demise of steem.