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RE: What Do You Think Is a Fair $TEEM Valuation
well, at this time true worth is 34 cents. Is it undervalued? probably. But steem is not a company to measure the assests, revenue, and liabilities to come up with true worth monetary value.
So you think that because it's a token it shouldn't be valued against usual hard questions of importance or compared to similar platforms?
Isn't that rather bubbly?
I was trying to say there is no "true worth" monetary value as it can't be measured by traditional measurements. It is solely based on speculations, guessing and predicting future potentials or failures.
It depends what platforms you are comparing too. Most are companies with revenue models, assets and liabilities. Their value can be calculated and measured to come with a number that can be close to "true worth" that you are seeking.
Only true asset steem has is its community/communities. I would not even call it a user-base. For various individual reasons people are committed to trade their time, money, and efforts. These folks, including you and me would value the worth of steem much higher than what it is at a given time. However this valuation is not based on any factual calculations. Rather believes in the idea, seeing a future potential, overall crypto trends, and speculations.
How do you think a large outside investor would determine the true worth of Steem?
P.S. Just stating my opinion. I don't know anything. :)
Actually most startups will not turn any profit until some time after B-round despite having valuations, often above $1bn.
So we can use valuations. :)
Besides, hockey's tick user base growth has driven some of the biggest tech IPOs despite none of those companies ever having turned a profit when they went public. As such I'm not asking "where is Steem compared to those other companies". But we should still take their cases in consideration as well.
Even community has a value. There is an actual value per user and also a lifetime value per user.
I agree. That's why I said revenue model. Even if you don't have profits or revenue yet, as company/startup you would have a model that can be compared and potential risk/rewards of investments calculated.
Your question was about Steem. If you asked about the worth of Steemit Inc, that would a different discussion.
Yes community has a value. In my opinion, the only true value that Steem has.
Per user value can be measured and calculated in the valuation. However, startups that get $1+billion valuation, usually have hundreds of millions of users.
What is the active user base for Steem? Total probably tops 100k. But realistically maybe 10k. What is the true worth for a platform with 50k users?
Let’s be generous.
$15 avg/user
3-4 years lifespan
I did ask about Steem, yes. I didn’t ask about Steemit Inc. I don’t see why the same questions don’t apply. It’s not because it’s a token (without any intrinsic value) that an assessment should be different. That still is Keynesian waffle so far.
Bonus: by actually asking the hard questions we can make sensible expectations. Expectations based on more than blind shilling.