A Sneak Peek into the Future - When Steem reaches Bitcoin's current market cap and Beyond
Steem's value and user base have both gained tremendously over the past month, but let's take a sneak peek into what could possibly be the near future.
Let's take a look at when Steem reaches Bitcoin's current market cap. According to coinmarketcap, that's
$ 10,546,941,144.
Because Steem gives content creators and curators 10% of the value of Steem every year, the yearly amount given would be about $ 1,054,694,114.
The daily amount given would be about $ 2,889,572.
Putting that in perspective, we should currently be getting about $100,000 per day in content creator/curator rewards (although because the price of Steem is so volatile currently, it varies quite a bit).
Currently, the top posts in overall trends are getting about $10,000 per post. That's about 10% of the daily reward given.
If that ratio stays the same when Steem reaches bitcoin's marketcap, the top posts in overall trends can expect to make $ 289,957 per post. At that time, posts making over $ 1,000 should be about as common as posts making a mere $ 34 today. If the ratio becomes less skewed towards the top and more balanced out, there would be even more $ 1,000+ posts.
Imagine a person at that time, becoming a top poster by creating interesting and valuable content. If she just made 1 top post per day, she'd be a millionaire within a week!
Now, lets travel a bit further into the future, when Steem rivals Facebook.
Facebook's market cap is about $ 352,390,000,000.
At that level, there would be about $ 35,239,000,000 given to content creators and curators per year.
The daily amount given would be about $ 96,545,205.
Again, if the top posters still get about the same ratio of the total amount as today, the top posts would net
$ 9,654,520.
Do you want an amazing 9-10 Million dollar 12,000 Sq ft. Mansion in sunny California with views like this?
Just make a single interesting post on Steemit! Multiple Steemit millionaires will be made not every year or every month, but everyday.
There would be more people making $ 10,000 for a post than people making $ 10 a post today.
Did you create an account back when you got 10 Steem Power for free? If you just held that account and did absolutely nothing with it, your account would be worth about $ 5,000 (depending on how long it took Steemit to reach this level).
A smart college student who may have saved a modest $ 1,000 to invest in Steem Power today would be worth about $ 1,000,000 (again, this largely depends on how long it takes). He would become one of those whales everyone envies.
Steem has gone up a lot the past little while, but the road ahead is still long. Imagine all the possibilities!