Steem's users have value!
I've just been digging into the numbers lately considering the tremendous growth that the Steem price and market cap have seen lately, and I came across some interesting findings. If you compare the market cap per active user of Facebook and Steemit... Steemit's is 150 times greater than Facebook's!
Steem's market cap: $129 million
Steem total weekly active user accounts: 4333
Steem's market cap per active user: ~$30,000
Facebook market cap: $338 Billion
Facebook total monthly active user accounts: 1.654 Billion
Facebook's market cap per active user: ~$200
Note: I couldn't find weekly active user accounts on Facebook. Also, Steemit has added a lot of users in just the last few days, so the real result should be somewhat less than 150x.
Facebook has 500 million mobile-only users. We need a mobile app.
One other thing that was glaringly obvious from looking at some statistics for other social media platforms is the sheer number of users that are strictly mobile-only. There is on the order of 500 million to 1 billion people that are strictly mobile-only users of various social media platforms. It is absolutely important for us to develop a mobile platform for Steem, as this will open us up to a tremendous amount of new members.
This is awesome! I have been posting on Facebook to get my friends to start posting their content here on Steemit. This platform is just so awesome, and the reward system just makes Facebook look dumb at this point.
Cheers for this post!
Chris
CSO Bitland Global
Thanks! I think once people start to realize that their ideas have value, they'll be ditching Facebook for Steem in droves!
What does it mean? The price of Steem is 150x too high, or the price of Facebook is 150x too low?
Quite early for metrics like that, but very funny
You're completely right of course. These types of comparisons are always a little bit silly, but some people find them useful to just think about. It's not even clear if we should even compare Facebook and Steem, since one is an app and one is more a platform for apps. It's fun to think about though.
It's not too high. Think about it, over 95% of STEEM are locked up in SP, thus leaving only around less than 5% of all STEEM in existence right now as potential liquidity.
Also think about that the majority Facebook users do not hold Facebook shares thus they have no stake in providing content or value to the system. Whereas by becoming a Steem user, you automatically become a stakeholder and thus have a greater incentive to add value to the system.
Also, Steem is very young as of right now and I can already see the vast the vast potential available. With more things to come such as encrypted chat systems, saving articles, possibly communities/groups, possibly being allowed to change the style of your blog (kind of like styling a reddit page) and a fully working transaction system this has the potential to blow Facebook out of the water.
Moonshot here, but imagine if this experiment works out and establishes a large user base. Maybe in the future some sort of Open Bazaar integration could be implemented as well.
Essentially when money is programmable and implemented within systems of value creation the possibilities are endless, because programming is god.
You're absolutely right. But you wouldn't want to call it liquidity, its called float. Liquidity is much narrower. The 5% float are the perfect way to control the market, and the only way is UP
probably too high!
Mobile app will be here soon. I have no doubt devs are working on that. Steemit is the real deal..
Facebooks unoriginal and stolen content is still 99% greater than steemits, I bet.
Its kinda funny, I listened to reddits advice years ago to:
the 3rd one I didn't have to do since I don't live in the U.S. but the other advice was great and ever since I deleted my facebook account I feel I have gotten a lot less brain waste filled in my head.
Its kinda ironic now that even reddit is falling through the facebook hole, even youtube is only getting worse and worse every day.
Glad to be part of a new and fresh movement that will take over the internet of things in the future! Long live steemit!
Thanks for the comment. lol, delete facebook and hit the gym. That is some solid life advice, I love it.
So crazy to see this! I can't wait until the reaches mainstream media! The day will come. Very soon.
@vote please give me back my 0.100sbd i'am wrong send
i agree as well we need a mobile app, and an easier way to upload video. Non the less i much prefer to spend my time here then on any other site. I also think that the site will grow fast and in a year from now we will have millions of people here
Definitely a mobile app, and some kind integration for storage, maybe team up with SIA or Storjcoin X.
What is the value per active user of Bitcoin?
As you know it's a little hard to estimate because of the pseudonymous nature of Bitcoin. There are about 4 million Bitcoin addresses worth more than $1, but to be a little conservative I'll just go ahead and estimate maybe 750,000 active users, which would give Bitcoin a market cap per active user of ~$13,000. Looks like we're on par with Bitcoin in that respect.
Next up.... worldwide adoption :)
right now 1 steem user is roughly 60.000 USD worth and we grow with 1000 user a day. so we reach the bitcoin marketcap in 160 days. You can expect much faster, because i estimated it only with 1000 new active users a day.
I wrote this blog about Steemit:
https://steemit.com/revolution/@chris-bates/steemit-blogging-rewards-done-right
Sweet I hope this is finally my lucky break and lucky break for all of us!
I think when people realize that it is a waste of time playing facebook I would say YES
be part of steemit and expectations for STEEMIT could be the best of facebook
Looking at the numbers, WOAH!
At $270 million now!!
Market cap per active user is not a reliable metric, in my opinion, to compare an established social media company and a newly started one.
Tons of other differences too but interesting comparison.
I just registered, it should be a little less now lol
We should see the numbers rising up now that Steem is being well covered by media.
Very interesting and yes mobile is very important. Thanks :)
One of the first things I looked for was a mobile app. Would be so useful since I'm always by my phone but don't always have my computer!
The beauty of Steem is that it is quickly rising to become a giant killer! Imagine a future where we talk about Facebook like we talk about Myspace and Friendster. Image a future were more and more people are able to afford their rent by participating in the giant community we've become. Imagine online schools and learning material, becoming a 'Steem professional' by sharing knowledge and skills that you've attained, and getting fairly compensated for the buzz you generate. The future is very bright gentlemen, very bright!
God that's awesome. I think it's going to be massive.
On this subject, I just made a parody video of a man comparing Steemit to Facebook and Twitter (Risitas, if you know the hilarious video). Let me know what you think: https://steemit.com/funny/@oliverb/funny-man-compares-steemit-com-to-facebook-and-twitter-risitas-parody
Where did you get the stats for the users? Can you do an updated follow up post please?