So When Will Steem Reach "Maximum Density" and Start Running?

Back in another "age" I followed a lot of innovative companies for investment purposes.

Some were "high flyers" that ended up with ridiculous market capitalizations based on absolutely nothing other than a prospectus, a business plan and promises that their innovate products would be "game changers." Often, they'd never deliver... sometimes, they never even sold even a single product, in spite of their billion-dollar market capitalizations.

Other companies were immensely solid, efficient and successful in bringing their ideas to market, over and over and over... and they were even well managed and profitable... and yet their stocks would remains solidly in the basement for months and even years.

One of the things we learned is that the investing public often tends to be more interested in chasing rumors than investing in reality. If given a choice between putting $100 (let's say) into a slim chance of making $10,000 or putting $100 into a near sure thing that would double their money in a couple of years... thy'd more often than not pick the "slim chance."

Which brings me to the increasingly strange case of Steem.

We keep seeing new use cases pop up, and more and more of them, even... and services like Weiss Cryptocurrency Ratings repeatedly gives Steem top marks, and yet the value of the Steem token remains pretty depressed... compared to so many other blockchain projects that often have absolutely nothing to offer but vague promises in a White Paper.

It seems to me like we are increasingly moving towards some kind of "critical mass" here.

Earlier today, I wrote my 3rd anniversary "cakeday post" here... and observed (among other things) that over the three years I have been here, Bitcoin has increased 1000% in value, while Steem is worth... well, a few fractions of a cent less than when I created my account on January 29th, 2017.

Then, when I checked the SteemLeo front end, I noticed the announcement by @steem.leo that there is now going to be a "LeoShop" here... yet another use case, this time finally getting into the area of e-commerce!

Once again, another layer gets added to the "value" of the Steem blockchain.

The thing I find somewhat baffling is that we keep adding these new use cases to the blockchain, and each one adds demand for the Steem token... and yet? Supply still seems greater than demand, so the price remains stagnant. But for how long?

And that question is what I am poking at with the words "Maximum Density." If people and projects keep needing the tokens... at some point we surely must end up going "off to the races!" Of course, I don't have a crystal ball, so there's no telling when that will happen...

... it just seems increasingly likely that it will happen.

Thanks for reading!

(This post was created for the SteemLeo front end)

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Created at 20200129 22:10 PST
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