..yes ...this is the pure mathematical calculation.
very cool post - made m e think about the difference between steem and bitcoin, and there are some difference
- steem is not famous like the bitcoin
- it is not the reserve currency of the cryptocurrencies
- .you cannot buy things in the internet paying with steem
- other crypto currencies are not converted to fiat money thru steem
while bitcoin is
in any case ...i believe that by the end of the year the bitcoin will cost at least double then now, above 5k$ and steem will cost 10$ - more then 5 times then it's current price
so the future is bright, man
Let's say that steemit would have a total of 16,418,475 steem. But wouldn't that mean that the total value of steemit would be divided across the amount of steem currently available? This would pretty obviously mean that the value of steem currency would be much lower, as the currency would have less demand as a result of the new supply of coins.
And still, the thing is that bitcoin is very demanded, while the supply is definitely limited, as opposed to steem currency - both when it comes to the supply, which is not limited, AND the demand, which clearly is not there, since the currency is only worth 1.7 USD.
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demand - this is the main point.
the main force of steem is actually it´s demand that increasing all the time
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Exactly! The demand of steem IS infact increasing, but that doesn't change the fact that the demand of bitcoin is much, much bigger. :-)
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I agree with you
look metaphorically speaking if Bitcoin is Gold - steem is Aluminium
of course Gold is much better but also aluminium is useful
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Let's hope.
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