This is the 100% correct way to look at it. I don't think many people do it this way though. They just extrapolate today's USD/Steem price into the future. That rate MAY go up in the future, but it probably will not unless user growth is ripping higher and never stops.
This is the 100% correct way to look at it. I don't think many people do it this way though. They just extrapolate today's USD/Steem price into the future. That rate MAY go up in the future, but it probably will not unless user growth is ripping higher and never stops.