This is the first post on STEEM that got up to $7,000. Then kept going to $10,000, $20,000 and didn’t stop until it hit $30,000.
@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit
I made close to $700 just by commenting on the post.
@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit#@marsresident/re-guerrint-the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit-20160716t042327631z
This is the beginning of STEEM as a truly Decentralized Social Media Platform. Because @guerrint is going to be rewarded $30,000 that means that she is going to have at least $15,000 worth of STEEM Power, and may decide to add some STEEM to her STEEM Power. But with a base number of $15,000 there is already the ability to add a good reward to a post with a single vote. This means that instead of the early early adopters and creators of STEEM having the only accounts with high STEEM Power, there are other people coming up through Community Power Ups. And that in turn is going to spread out the Topics. The person who wrote the $30,000 post probably won’t vote for the same things that the normal high STEEM Power accounts would vote for. So there will be new content going to the Trending, Hot and Popular pages that otherwise would not have been there, and as more and more people get Powered Up by the Commmunity, it will diversify Steemit’s Trending Topics even further. And as the new number of high STEEM Power accounts gets increased by these votes, it will also mean that $100,000 and $200,000 and $500,000 dollar posts will appear somewhere down the line.
Say it’s a percentage. For example, maybe say 25% of STEEM Users Vote Daily. Right now there are maybe 50,000-100,000 Steemit users. Let’s say 100,000 to make the math easier. So 100,000 Steemit users, 25% of them vote, making 25,000 voting users. Now say 1% can award a post more than $15, that’s 1,000. In reality both of these numbers are low, because Steemit does not have 100,000 users yet. But with under 1,000x $15 votes, and with (most likely) under 25,000x voters, there is now seen the possibility of $30,000 posts.
When Steemit does reach 100,000 users, and 1,000,000 users, 10,000,000 users, 100,000,000 users, and maybe even 1,000,000,000 users. Say 1% of 1,000,000 can vote above $15, that’s 10,000 people. 10,000x 15 is $150,000 that can be awarded to posts by just 1% of Steemit users. With 1,000,000,000 users, 1% would be 10,000,000. Meaning a possibility of $150,000,000 rewards from just 1% of Steemit users. And that’s without even counting $10 voters and $5 voters and $1 voters or less, so awards could go even higher than just what 1% of users could award.
And if it is possible to make over $600 on a comment, then there are going to be people with all kinds of rewarding levels over the next year, or 2 years, or 3 years. And if there are already $30,000 posts, that means that a $100,000 post is not far away. And as this all happens, the price of STEEM is going to keep going up and up because people are telling everyone about what they hear about going on with STEEM and Steemit, so tons of people are going to want to buy STEEM soon and there are probably tons of people planning on saving up to buy some STEEM and there is still a large pool of Bitcoiners that have not converted any Bitcoins in to STEEM because they do not believe in it, so there are still a lot of Bitcoins that could be turning in to STEEM, and there has not been a single known Multi-Millionaire or Billionaire that has invested in STEEM yet, and once there is a big name investor, other investors will start following, because once there is a name they have heard before investing, they feel safer investing. Kind of like how people think Donald Trump really has a handle on things, just knowing the person has made a lot of money investing in things makes people feel like if they invest in the same things that that person invests in, it couldn’t go wrong. So once there are larger investors, the price of STEEM will rise, and the Market Cap will go up, it could get to $10, or $20. They are adding new Security features, there was just the first $30,000 post, the first paper wallet was made (@xeroc/paperwallet-easily-secure-your-account-with-steem-paperwallet-generator), more and more people are coming to the site. STEEM has the potential to just keep going up and up in value as the users go from being in the 10s of thousands, to being in the 100s of thousands, to being in the 1Ms, this is just starting.
Cryptocurrency and Taxes
@marsresident/you-do-not-have-to-pay-taxes-on-cryptocurrencies-until-you-sell-them
Voting and Witnesses on Steemit
@marsresident/vote-for-steem
How DogeCoin Overtook Other Currencies
@marsresident/how-dogecoin-overtook-other-cryptocurrencies
STEEM’s USD Value will Climb Throughout the Year
@marsresident/steem-s-usd-value-will-climb-throughout-the-year
How STEEM Can Become the #1 CryptoCurrency
@marsresident/how-steem-can-become-the-1-cryptocurrency