The bear market is taking its toll on my vote value. With 4,000 steem power (taking into account my delegations), I get a vote worth $0.09
This got me thinking. It wasn't long ago that my vote power was worth a lot more and I had less steem power then. I remember making votes that were around $0.20 at one point, maybe more.
Future gazing
So let's step back a bit and think about the future. The steem blockchain has enough capital, both human and financial to see its way through this bear market.
The question is, what would my vote be worth at $100 steem? (Yes, I do believe that is possible)
Currently steem is just above $0.40, for it to reach $100, that would be a 250x gain. In the world of Crypto, that is not only possible, but most of us have witnessed that happen.
0.09 at 250x is $22.50!
Now, that would be an amazing value to vote on good content. As a steem holder, I would basically have the opportunity to give out more than $225 a day in rewards. The thought of that excites me!
But even at 0.09, being able to show appreciation for peoples work, directly with no middle man taking a cut is a very powerful tool indeed.
And if it does go to $100 a coin, which I think is likely, my steem account would be worth $600,000!
Yes, there are loads of risks, but where else could you realistically have that much upside and this much fun?
