Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

"Fortunately, Steem already provides a simple approximation known as the virtual STEEM supply which is calculated by adding up the total vesting STEEM, liquid STEEM, and the STEEM that would exist if all Steem Dollars (SBD) were to be instantly converted to STEEM. This metric multiplied by the current price of STEEM will produce a “market capitalization” or “enterprise value” that is closer to the true value of STEEM."
http://steemit.com/steem/@dantheman/how-to-calculate-the-market-capitalization-of-steem

It looks like they have updated the supply used to calculate market cap to include everything except Steem held by Steemit, Inc. A step in the right direction.

It is good to know that we can sell Steem and cause the market cap to increase.

  ·  9 years ago Reveal Comment

using virtual_supply, would bring STEEM from a $200,000 market cap to a 11 Million dollar market cap..

  ·  9 years ago Reveal Comment