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RE: Chibera - The Economy And Smt's
Honestly, we think Steem is undervalued as it is. There's a huge marketing problem in the community that is slowly being addressed with the people not being able to get accounts before they just don't care.
Smt's can have a huge impact depending on the uses they bring. E-commerce functions like we plan to use them can have huge impacts on price.
personally I have only been able to get 2 people to sign up, one will eventually start investing into steem power with his play money
I 100% agree with this reply..
I agree, STEEM is undervalued in its current state. There's far more development going on here than on any other blockchain (in my opinion) and the development is all on a blockchain that has proven itself durable, efficient and scalable for the past 2+ years - which is far more than can be said about any other blockchain.
SMTs provide an interesting outlook for the blockchain. I believe that SMTs will serve to drive far more value to the Steem ecosystem as a whole by the sheer fact that it will fragmentize the Steem blockchain into a large collective of small, tight-knit communities which will each try to drive value to their own community. All these small, micro communities working on their own community will serve to drive value to the blockchain in a macro sense. I just wrote about all this and how the current economics will be solved and will provide a lot more prosperity for everyone on this blockchain when SMTs are released.
As far as speculating on the price - it can be really hard to say. When you factor in the total supply of STEEM and the current market cap and compare it to the top 10 coins with very high valuations and very low fundamental technological development - you can see that many of these projects are overvalued, especially compared to STEEM. The Steem blockchain is moving in the right direction as it has all the technological and community developments needed to create a wide network effect. As you said, @ssjasha, you've gotten 2 people to sign up.. Now imagine if everyone on the blockchain gets 2 people to sign up and then each of those people get 2 people to sign up and so on and so forth. All these people joining the blockchain and even buying $15 worth of STEEM would drive the price up signifcantly when you factor in the total supply!!! It's just a waiting game in my opinion ;)
Exactly