STEEM PLANT ROOM
First of all I would like to give a warm welcome to the new followers of my blog who have joined me this week.
Regular readers will tell you that a while ago I built a STEEM PLANT ROOM and often bring out the slide along with many in my arsenal to help explain how STEEM, STEEMIT and the complete STEEM ECOSYSTEM works.
They will also tell you that I like to break things down into "bite-sized" chucks to help explain without a confusion of the technology that sits in the background.
Today I thought it would be a great idea just to dust down the STEEM PLANT ROOM slide and add in a few numbers.
Maintaining the theme of keeping things simple, currently STEEM has a Market Capital of $550 million and is made up of 234 million "floating" STEEM at $2.35 / STEEM.
At $550 million, STEEM is undervalued, it is GROSSLY UNDERVALUED..!!
DEBT BASED CURRENCIES
Unlike Fiat Currencies, STEEM has NO DEBT..!!
This is fundamental when it comes to valuing STEEM as not only is it backed by creative, valued and validated content, it allows TRUE STORAGE OF WEALTH.
One could argue that STEEM actually is stationary and neither looses nor gains value and what is really happening is that FIAT CURRENCIES are rapidly heading into the gutter under the sheer weight of Current Debt and worse still the Unfunded Futures Liabilities.
However, I strongly believe that it is more important than that, much more important.
FIAT CURRENCIES ARE A LIABILITY AND LOSING THEIR MOJO
I would say not only are FIAT CURRENCIES losing their MOJO and CHARM they are fast becoming a LIABILITY to own..!!
This rapid decline in the desire to own FIAT CURRENCIES is evident in the overwhelming, though not surprisingly, exceptional rise in BITCOIN that is showing no signs in abating.
If anything, I see the meteoric rise in BITCOIN that we have recently witnessed SPEEDING UP, not slowing down.
STEEM ECOSYSTEM
So at $550m and with a jaw dropping scalability of STEEM & STEEMIT is it cheap?
Absolutely it is, it is VERY, VERY, VERY CHEAP..!!
Why? Because it is DEBT FREE..!!
Thanks again for reading.
Stephen