What?! I'm sorry for everyone who believes this but his math is way off. First of all, millions of more STEEM are going to be created in the coming months, maybe even double in a year or two. Next is FB's market cap, Steemit will have to come up with some wonderful way to move all the of FB's users to Steemit. Markets of decentralized social media are not exclusive to Steemit (Ethereum has a few coming up). I'm a total believer in this platform but lets not overestimate ourselves so we don't end up discouraged at the end of the day. Steemit has a long way to go and we have to make to take strong and steady steps (build a strong foundation).
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Yes, lot's more STEEM coming down the pipes. But also a lot more users that are going to want some juicy, juicy STEEM. Also, reverse split every few years to help with the decimal places. But you're right! Supply of STEEM is constantly increasing.
Now as for Facebook users. Let's call them ants. And money is sugar. Steemit has sugar, lots of sugar. Facebook has... well, I'm not sure really. I don't use Facebook. But here's the point... ants like sugar. And when one ant finds sugar you know what the rest of the ants do? Yeah. Ant stampede.
As for Ethereum... well. First mover is a big advantage. Look at Facebook. ;)