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RE: 1 MILLION STEEM Accounts - This is What Real-World Adoption Looks Like

in #steem6 years ago

Facebook last quarterly earnings said it now has 1.45 billion daily users. This is the key metric they follow as it determines the target for advertisements which is what pays the bills for Facebook. Therefore, this is an excellent example of how a platform can create value because of the interactions of a community. Taking the daily users, we find that each user generated $8.28 of sales for them during the quarter. From a net income perspective, it would translate to $3.44 per user.

These metrics are really interesting as it could serve as a comparison to what we see on the #STEEM platform. While I am still learning about how the blockchain issues rewards, I think the comparison figures are promising for those of us who want to grow on #STEEM and its ecosystem. As per @penguinpablo, we are currently at 66,160 daily active users. If we use Facebook metrics, we could generate $547,531 in revenue on a quarterly basis. If we divide that up to an average daily amount for the Blockchain it equal $6,084 per day. I think that current daily reward pool on #STEEM is much larger. An article from 10 months ago had the daily rewards pool at 49k STEEM which at the time was at $2 each. This figures eclipses by far the $6,084 metric from Facebook.

Given this, if Facebook users enjoy the concept, they will seek better opportunities like Steemit.

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It's quite simple actually. This gives more reward than Facebook. Your Time and Energy is worth more. Something that gives you so much more value will eventually be adopted by the mainstream masses. Perhaps not this Blockchain but Blockchains similar to this.

And the best part is that the market is so huge that it will be impossible to saturate it. The output of value will be huge. And instead of having 1 central place of Power we can have thousands of places that has power and then trickle down that wealth to as many as possible.