Is $1500 Steem possible? Only if you believe Steem Blockchain is worth at least as much as Facebook. Facebook's 574 Billion Dollar Marketcap VS Steem's 406 Million Dollar Marketcap & the case for $1500 Steem

in #steem6 years ago

Here is a side by side comparison of Facebook's Marketcap of 574.44 Billion US dollars worth, and Steem's 406.9 Million US Dollars with. Now to make this simple, let's round up Steem to 500 Million since we know it has been there before, in fact steem has been up past 1.5 Billion so 500 Million is a good rounding. Ok so for Facebook let's round DOWN to 500 Billion, and hah I know I know, that extra 74.4 billion is like an extra 160+ Steem Marketcaps! Hah just that 0.44 at the end of the 574.44 is worth more than our whole blockchain! (But not for long ;) So I hope the math is obvious to you at this point. 500 Billion is 1000 times 500 Million.


(Also the sheer speed of Steem's Blockchain in comparison with other NON social media based blockchains, makes steem look better than other NON social media chains that advertise themselves as a "fast" blockchain... in reality Steem is the fastest and doesn't need to advertise that, the blocktivity.info stats speak for themselves. Steem and EOS will end up being used for supply chains, NOT VenChain,

So if we can infer that one day Facebook investors will see the value of steempower as more of a growth investment than Facebook, and that Steem will become as useful, valuable and as popular as Facebook, then I don't see why we cannot infer that the Steem Marketcap should have a target, and that target should be at least the current marketcap of Facebook which is a company that represents the potential marketshare that Steem can grow into. If Facebook can be worth half a Trillion dollars, and if we cal all agree that Steem will be more more useful and popular than Facebook in the next 2-5 years, then ca we not all agree that Steem marketcap will also be as large if not larger than Facebook marketcap? If we did reach Facebook's marketcap, we would hit $1500 per token right now at today's supply.

( @web-gnar Created this GIF based on an Idea I had after seeing this Ghanian Coffin Dance. I asked him and paid him to make it so if you are offended please direct your feelings at me and don't shoot the messenger/artist! This GIF is not meant to disrespect the Dead but since Ghanians have a very healthy attitude towards death as can clearly be seen here, I thought I could use that attitude and CELEBRATE that facebook has done PLENTY of good for this world but that now it is time for Facebook to move on to the NEXT life as an SMT inside the Steem Blockchain! :)


Facebook has done all the hard learning, and all the hard work promoting social media in developing countries, only for steem to come in and take a ride on Facebook's shoulders. We can use Facebook like a parasite uses a host. We can use facebook to promote our steem links and promote steem to facebook users, and we can use their free messaging system and free bandwidth for facebook users, and tunnel through facebooks network to share steem data! We can use Facebook up until it is nothing but an empty shell full of SMTs that burst out of its hollow empty carcass like an insect infected with parasites! SMT fever will spread throughout the facebook network and FOMO will force facebook to start giving out their own tokens, and eventually Facebook will just make their own smart media token!


(SMT One Page Creation Form Mockup, as aeen on https://smt.steem.io )

So in conclusion, Steem makes Facebook look like Myspace or Friendster. facebook will end up investing in their own SMT and use Steem Blockchain as just another protocol like HTMl or TCP/IP, and not as a competitor to the Black Box Brand that is Facebook. Facebook and Steem will coexist but eventually Facebook will have to either adapt and use Steem's blockchain or fail miserably at trying to make their own. Investors will be watching all of this, and Steem will become more and more of a winning choice. Investors can either pick facebook which has already done all of its growth, or they can invest in something like Steem which still has MOST ALL of its growth potential ahead of it! My point is that if Facebook can be worth half a trillion dollars, and if roughly only 10% of the marketcap is actually from money going in, then we would just need 50 Billion dollars worth of investment into Steem or Steempower over the next few years, and we could end up reaching the Half a Trillion dollar marketcap of Facebook, pushing Steem token price up 1000 times to around $1500 each.

This may seem too unrealistic for uneducated non believers who don't understand the potential of Steem and how it can and will now inevitably become the NEXT facebook. Look how big Facebook has become, now imagine Steem in its place, imagine how excited everyone is to have a NEW Zuccerberg, @ned Scott as our new favorite social media CEO. Mark Zuccerberg just gets rich taking taking taking from us, while Ned Scott will become even RICHER but by GIVING to us and Producing for us. I can already imagine seeing @ned cott on the Steven Colbert Late Show, being told that he is "Way cooler than Zuccerberg" and that the audience likes Ned MUCH more than Zuccerberg, joking around about how we aren't even fully convinced that Zuccerberg ISN'T a Robot! Having a robot as the head f our biggest social media platform on Earth is sort of an Insult to all Humanity. But having a much better looking and much more charming @ned Scott as the FlagShip Bro CEO of our 21st Century, now THAT is the sort of Future Billionaire Playboy we can all get behind and support! Can't you imagine Ned Scott, Steemit Inc CEO, on the Colbert late Show, trying to talk about how many people he has helped get online and find employment via steem, while Steven Colbert won't be able to get past just how much MONEY ned has been able to make by doing what most perceive as "saving the world" or "helping people" when in reality, Ned is just excersizing his objective rational self interest and creating SO much Value by developing new Dapps and tools for Steem users that it has simply enriched our lives as a Side Effect of @ned 's own rational self interest. Greed or good, selfishness is good, because if it was BAD that means the SELF is bad, and that is what many Anti Human people believe, that human activity is "bad" for the "planet" as if we are separate from it.

The SELFishness of one's steem account determines how much VALUE one can scoop up and HOLD or SAVE, save from being used for consumption, spent and in a sense, "destroyed" but when you save it you save that money for future projects and investments. If you are not rationally self interested, if you just give out all your money to those who don't earn it, you will run out of money and your "altruism" will kill you. But if you save the money instead of giving it out, you could create a business and then give JOBS to people instead of handouts! And with Steem we will create High paying jobs that pay them more than ANY handout could ever give them! We need to teach people self reliance and Objectivism and since STEEMIANS get PAID to promote GOOD ideas of CAPITALism via Upvotes, then only Good ideas will get upvoted BY capitalists WITH the capital, and who will be there to upvote Socialist Ideas? The socialist governments buying steempower? Hah Theyre so incompetent they probably would just lose their keys or get them stolen by other government workers :D


(Don't Forget that Prices like This HAVE happened and CAN happen again! )

So I just want to repeat those words that @inertia always says and which echo in my mind at times like this: "self correcting" yes steem will be self correcting. Steem is the better investment over Facebook and investors WILl see that. facebook is more like a Public Sector government funded blob of bloatware and data mining while STEEM represents the NEXT big thing in web4.0 technology, giving us all the benefits of cryptography, blockchain, digital money, and social media, while Facebook lacks innovation in all of these fields. Maybe Facebook will continue to buy back its own shares but Steemit Inc won't HAVE to do that! Facebook shares are just like any shitcoin, except its all centrally controlled and no one should really trust it. But with Steempower, you KNOW you own it and no one can take it from you unlike Facebook Shares. Knowing all of this, future investors and investors of today will be looking at all the new businesses blockchain and non blockchain, and Steem should continue to come up on the lists of Innovative technologies to invest in. Why bother investing in a non growth stock like Facebook, when you can buy a PERCENTAGE of the entire Steem Blockchain Network for the same price as a few thousand facebook shares, and become a REAL stakeholder in the FUTURE.

If you need a free trial of Ackza's LifeCoach program for Crypto email me at [email protected] or text 619 500 3748 Signup under me at Binance here https://www.binance.com/?ref=12761991 and....

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Zack! You crazy mofo!
You are one of the few, who can see the future!

"We can use Facebook like a parasite uses a host. We can use facebook to promote our steem links and promote steem to facebook users, and we can use their free messaging system and free bandwidth for facebook users, and tunnel through facebooks network to share steem data! "

I agree.

"Steem is the better investment over Facebook and investors WILl see that. facebook is more like a Public Sector government funded blob of bloatware and data mining while STEEM represents the NEXT big thing in web4.0 technology, giving us all the benefits of cryptography, blockchain, digital money, and social media..."

Zack, we gotta get you interviewed now.. so funny!

"I can already imagine seeing @ned cott on the Steven Colbert Late Show, being told that he is "Way cooler than Zuccerberg" and that the audience likes Ned MUCH more than Zuccerberg, joking around about how we aren't even fully convinced that Zuccerberg ISN'T a Robot! "

Man, I gotta breath! and you make it pretty damn difficult. LOL

Thanks for all the support in thinking.
If Zack sez it's golden, then I take that to the bank. So to speak...

yeah man lets get me interviewed :D hahaha we REALLy gotta do more videos talking man! we have SO Many ideas to go over and give to our "employees" man i want to have developers who can do ALL the leg work and let us sit and think of the ideas, we just have to find people who have FUN developing

I wanna use a system like https://Mondays.com or I actually saw a much better system for organizing people, like Dapulse or Clickup.com

So we can MANAGE people with a Mondays.com style software that eventually hooks up to steem, and we QUIZ people on Kahoot, and then we just use discord for voice chat

This way we can keep people all working together, organized, no more waiting days to hear form people, we will have assignments and due dates, we should give the Wafrican community the structure of a big multinational corporation! Let's grow this organization up into something HUGE!

Hi,

Another brilliant thoughts on Steem.

Really like how you were upfront on how we can use facebook to really leverage steemit!!

You got a 62.38% upvote from @emperorofnaps courtesy of @ackza!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

Green candles from a long lasting bull market could push it to the moon!!

Green candles from a
Long lasting bull market could
Push it to the moon!!

                 - oldmangainz


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@ackza No one even imagined that social media giant will leak the personal information of the customers. This may be intentionally or there is security flaw in the facebook code base. If it is security flaw, it is because of useless data integrity and outdated database/technology they are using. Facebook is banning crypto ads and lifting it. What does that mean? Facebook knows the power of blockchain but hesitating to knee down in front of it. Eventually Facebook will lose and has to use the blockchain technology. If its a steem blockchain, no one will stop Facebook being a multi trillion company. Otherwise Steemit is there to take over Facebook soon. :)

You know with the price of Steem so low it seems almost absurd for Steem to be at $1500 but looking at it closer Steem represents way more than one website. It represents a whole bunch of websites and their market value so it actually makes a lot of sense for Steem to reach that price or if we get ridiculously lucky the price of Steem could represent the market value of all current social media sites. So essentially the price of Steem representing the market value of Facebook, Twitter, Instagram, etc, etc. I don’t know but we can dream.

An excerpt from one of my previous post on the subject: Facebook 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.

I believe this demonstrates the value the community has generated on #STEEM and #Steemit. The increasing additions to the ecosystem will continued to add value to the benefit of its users, not a centralized organization that uses your data for the benefit of bidders to increase their profits or influence. I see #STEEM following a similar model as it adds to the ecosystem with additional Dapps like ZAPPL, Parley, amongst others similar to Facebook and their acquisitions of Instagram and Whats App. Where we choose to share as a community definitely has repercussions for the alternatives platforms.

I believe we will see more users transition as the potential impact from the data leaks and other changes coming from Facebook and other social media platforms. There are rumors that the governments around the world will clamp down on some of their data collecting practices and implement regulations that can impact the business models of the centralized giants in the space. The #deletefacebook movement may accelerate as viable and attractive alternatives become available.

let's go with those 1,000X growth rates :) :P :D I think it's possible but not until we have billion+ users on the site :) Sooners than later it's gonna happen! Cheers!

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