And the value will probably be much lower than what it is right now. For example, If you spend some $4 to by 1 Steem right now it wont make any difference on your voting power... price is just too high.
RE: Can the Economy Keep up?
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Can the Economy Keep up?
That's the thing, if you are used to the "previous price" you will always think the price is "too high".
I agree though, it does seem too high. But never under-estimate crypto markets. I sold my Bitcoin at $1 after buying it for several cents. Now one is worth $657 and i'm kicking myself every day.
Same with ETH, i moved on, mined 10 blocks in a matter of hours (worth 50 ethereum in total) and turned off my miners as i saw bagholders with 10,000's of eth. Now ETH Is worth $15 each. Had i kept on mining i could be sitting on $1000's (probably like these newly posting users). And this is a coin that had tons of issues, pre sale and has similar number of coins as STEEM In circulation.
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+1
I think the initial predictions and maths might be a little off. Considering how young this platform is, its surprising how entrenched the powerful already are.
In terms of inequity, Steemit really is a victim of it's own success.
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