RE: AskSteemit #6: What are your thoughts about the future of Steem?
I don't like comparing Steem with Facebook but in order to get a picture of what the future might look like let's say that Steem will have the same market cap as Facebook has today but we will reach it in 2030.
The current market cap of Facebook is around 500 000 000 000 ( 500 billion). In 2030 we should have around 600 000 000 Steem coins in circulating supply. So if you divide 500 billion with 600 million coins you get a value of 833 USD/Steem coin in 2030. Steemit as we already know Is just a part of Steem and might not be the biggest contributor to Steems future price. SMT has broaden the possibilities to be pretty much endless.
In conclusion I am positive about the future of Steemit and the Steem price. I am also very much impreased with how professional the Steemfest event was, to pull so many people together at one place really makes me see the commitment people have. I hope I will make it to the next Steem fest maybe I will be able to buy the plane ticket with Steem at that time :)
You were right about the price in that case being 833 USD altough you had an extra 0 in the 500 b and 600 m instead of only 6 in the total supply. :P
Guess they were just typos.
But yeah, now imagine the price if Steem could do what most popular websites do today, not just facebook. :)
Hehe yea these were sloppy typos . My bad hehe. Exactly Steem extends much further than jus Facebook !
In 2030 you can come back and read your own comment here, hope steemit dont go bankrupt and dead.
Even if Steemit would be dead by then there might be thousands of other cool things built on the Steem blockchain and with use of the SMT, in other words Steem doesn't only depend on Steemit