That's because the price is entirely speculative to begin with. I haven't seen a calculation done anywhere what monetizing all the traffic from all interfaces would net on a monthly basis. From that figure, you could calculate the fair price of each newly minted STEEM during that same period of time. I'm guessing it might be a disappointing figure in the eyes of most people. But that's fine because our sights are several years into the future when the traffic has hopefully grown by several orders of magnitude.
That's because the price is entirely speculative to begin with. I haven't seen a calculation done anywhere what monetizing all the traffic from all interfaces would net on a monthly basis. From that figure, you could calculate the fair price of each newly minted STEEM during that same period of time. I'm guessing it might be a disappointing figure in the eyes of most people. But that's fine because our sights are several years into the future when the traffic has hopefully grown by several orders of magnitude.