RE: Steem could easily rise 10X today's price within a few months - It should perform better than bitcoin. Steem price compared to bitcoin and future price.

[mindhawk]

this is informative.

i still wonder what this site would look like if steem were like $50, all the whales would be super rich and all the writers/etc who are trying to get paid for content would be writing, not unlike me already, entire books for half a coin, idk.

doesn't it seem sometimes like this is going to give whales the ability, not unlike wealthy robber barons, to order peasants around with .00001% of their assets?

as in, do you really think the rewards for content are going to go up?

Comments

[swissclive]

Any rise in the reward for content won’t last. If the price is higher the supply of content will rise, reducing the reward until an equilibrium is found.