RE: The Deception, Manipulation and Fraudulent Bubble is the Mother of all Bubbles that few people are talking about. Here's why Blockchain will change everything and why the Steem Blockchain will be a +$500bn Social Media Powerhouse..!!

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RE: The Deception, Manipulation and Fraudulent Bubble is the Mother of all Bubbles that few people are talking about. Here's why Blockchain will change everything and why the Steem Blockchain will be a +$500bn Social Media Powerhouse..!!

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hotsauceislethal (64)in #steem • 7 years ago

If STEEM or SBD were to achieve an immensely high market cap wouldn't they have to revalue to coin since it only uses 3 decimal places on this platform? On various exchanges you can trade down to 8 decimal places like with Bitcoin, but that is not the case on Steemit.com.

If I'm not mistaken there are only 260+million STEEM with around 240 million in circulation. They could re-value each STEEM to 10 STEEM and still be just fine in the grand scheme.

If we were to experience a 300X growth to $500B like you describe then each STEEM would be trading at $1800-2000 each. Just 0.001 STEEM would be $2...

Another solution would be to simply add more decimal places :-D

7 years ago in #steem by hotsauceislethal (64)

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stephenkendal (77) 7 years ago

If we were to experience a 300X growth to $500B like you describe then each STEEM would be trading at $1800-2000 each. Just 0.001 STEEM would be $2...

$1800-2000 each? Why not. I am sure the developers could work on the decimal place issue..!! Stephen

$0.51

3 votes

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steemfiles (55) 7 years ago

I had grossly underpredicted the price of bitcoin in the past. I need to buy some fiat world stuff. I guess am going to be sorry.

$0.00