What is the value of a regular blog post?
I see many posts on Steemit and I can't justify their value is hundreds of dollars. Where is the value coming from?
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What is the value of a regular blog post?
I see many posts on Steemit and I can't justify their value is hundreds of dollars. Where is the value coming from?
Stick around long enough and you'll find out. Just kidding. The value comes from the Steem Blockchain. Basically there's 9% inflation of new Steem issued per year that goes into a rewards pool. Every time you upvote it disrupts a small portion of that to the blogger you felt deserved it. The market decides the price of Steem. The more adoption the greater demand for Steem token and in the theory at least the greater the Steem price.
Then I feel like it's overvalued. There are many posts at Steemit I don't think it'd worth that much if your readers were paying you directly for your writing.
Kardashians get b/t $30K-$60K per instagram post. An top Steem blogger earning $1000-$2000 per post is reasonable to me but that's for the market to decide.
I assume they're paid for the advertisement. What's the source of value for Steemit?
Demand for the steem token. The same way BTC has value. The more users the more demand, which leads to more value since supply is limited.
Good question.