Could the Steem price go to US $1,000 (in today's purchasing power) within the next 15 years?
This Knight believes so!
And this Knight would never lay such a claim without backing it up with a vision of our future.
Following are this Knight's reasons for why STEEM is going to $1,000 over the next 15 years. But first some perspective.
The approximate STEEM supply is 300,000,000 meaning...
- At $1 STEEM the value of our ecosystem is $300,000,000 (micro-cap)
- At $10 STEEM the value of our ecosystem is $3 billion (small-mid cap)
- At $100 STEEM the value of our ecosystem is $30 billion (the size of a small bank)
- At $1,000 STEEM the value of our ecosystem is $300 billion - the size of Facebook, JP Morgan Chase or Johnson & Johnson.
There is of course STEEM inflation and then there is real world inflation - so for argument sake let's simply assume Steem units and purchasing power as at today.
The case for $1,000 STEEM within 15 years.
(Counting down)
10. STEEM - THE SOCIAL MEDIA PLATFORM.
At our core we are a social media platform, though in time it will be much more. In the meantime our main rival Facebook, is dying. They have betrayed their clients and their community. They have failed them with respect to privacy, freedom of speech and commercial advertising sensibilities. Facebook usership is in decline and Steem will be a major winner in this exodus.
9. PARTIKO - SOCIAL MEDIA BEAUTY AND SPEED.
If you have not used the Partiko mobile app yet it is a must try. The fastest and most beautiful Steem interface at this time - with super quick feeds and notifications; and, user-friendly commenting, posting, voting displays and features. Built into the app is a loyalty reward system, with the Partiko loyalty points readily exchangeable for Steem Reward Upvotes. Partiko now puts the Steem user experience on par with Twitter and Facebook - and we were already well beyond the likes of Medium and Reddit.
Live the future of Steem interaction -
8. OVERCOMING CENSORSHIP.
We all know that Facebook, Twitter and YouTube are censoring conservative voices so I won't go into too much detail here - except to say that DTube and Steem generally is far more welcoming of such voices. Demand for this service offering will continue to rise in time.
Now we get serious about price growth as we gaze into the future.
7. ENCRYPTED PERSONAL MESSAGING.
Are your personal messages anybody else's business?
The demand for communication privacy is growing rapidly. A central player in secure messaging is Telegram, however its centralization will no doubt lead to it eventually being compromised by regulators. Decentralised communication encryption is the only solution. Memo encryption is already a function of the Steem blockchain. In time app developers will begin to utilize these features and open up our blockchain to a whole new personal messaging market.
6. ENCRYPTED PERSONAL DIARIES.
We are living in the age of 'false witness', where a man is guilty until proven innocent. As demonstrated in recent weeks by US Supreme Court Nominee Brett Kavanaugh - the best defense against false witness is by maintaining a diary.
It is difficult and costly to maintain and store paper diaries. Cloud based diaries rely on a third parties, so too do Google and MS based diaries.
The future industry will be the decentralised blockchain based diary / planner - either in an open format for all to see, or encrypted for personal use only
The use of an personal diary will be an everyday necessity for all business people, politicians, entrepreneurs and everyone else looking to protect themselves against false allegation.
STEEM will be a market leader in this space.
5. ADOPTION BY EDUCATION AND TRAINING PROVIDERS
Over the next couple of years this Knight expects to see education providers to turn to blockchain for cheap, reliable, and secure data storage. In the case of a University, a reasonable investment in Steem now say $1,000,000-$2,000,000, would provide them with the 'Resources Credits' needed to use STEEM as an entire Academic Management System - including delegation of Resource Credits to enrolled students.
The curriculum could be published on the blockchain, released at regular intervals. Decryption may be necessary to access course notes and literature. Student responses would be captured on the blockchain to demonstrate learning and participation. Assignments and examinations can be issued on the block-chain with individual submissions being timestamped, easily tested for plagiarism, with student submissions and results easily auditable.
Questions are arising as to the transparency and biases within education service providers. By moving to the blockchain these service providers would be ensuring the integrity of their courses and systems, for the benefit of both the Institution and the students.
4. STEEM IS REALESTATE - THINK: A DIGITAL SHOPPING PLAZA
https://steemit.com/busy/@taskmaster4450/steem-there-is-no-competition
STEEM is a unique ecosystem in that competing interests on the blockchain, actually increase the overall value of the blockchain.
Taskmaster4450 stated:
'Here is the reality: Does Steemit have "competition? Yes, it is called Busy.org and
. Both are "competition" in the traditional sense. In fact,
stated that he is planning on creating another interface that will also "compete" with Steemit. One does not need to even look outside the blockchain to find "competition".
The way this Knight thinks of this is like a shopping centre / plaza.
Within the plaza there are stores with competing interests. But the more competition there is - the more shoppers that are attracted to the plaza - and the more successful all the stores will be.
STEEM is the shopping centre!
We make it possible for the many, many entrepreneurs with competing interests to establish themselves on our blockchain. But to do so, they must purchase Resource Credits and lock them up, allowing them to interact with their customers.
Remember - STEEM is realestate - and realestate is valuable.
3. COMMUNITY ESTABLISHMENTS
Now that you understand that STEEM is realestate, understand that the next step is to turn that vacant realestate into shops, factories, churches, banks, studios, leisure centres, gaming clubs, sports grounds, schools, universities, medical centres.
'STEEM Communities / Hivemind' will enable any Steemian to build his / her own virtual premises for business, pleasure, charity, fun, worship, education and have direct ownership and autonomy over their establishment. The only limitations - ones available 'Resources Credits' and ones own imagination.
Are you now seeing how the need for Resource Credits will drive up the value of the Steem Token over the years to come.
2. SMART MEDIA TOKENS (SMTs) ARE ENERGY.
STEEM is the realestate. Communities are the buildings. SMTs are the electricity, gas and water which powers the establishment. Let's call it an energy.
No longer will a minnow or plankton concern themselves with not earning excessive levels of STEEM realestate for posts on the ecosystem - this aspiring Steemian, will seek out energy. Labour in - energy out. Participation in the communities will both produce and harness the energy of communities, in a manner that is proportional to their contribution.
They will trade this energy with other Steemians and other communities and perhaps in time this Steemian may decide to exchnage the energy for STEEM realestate and build their own establishment.
However, we should give 'MEDIA' a special mention. Media agencies are simply struggling to engage with their audiences. Could the reason be that engagement with an online news agency is low energy? Little to invest. Little return from investment.
Imagine reading the news at the Daily Telegraph Steem Community. Daily Telegraph tokens for good comments. Tokens for feedback. This interaction is now 'HIGH ENERGY'. And this energy is valuable. And this energy will pay for real things. Like your subscription - and like the products of the advertisers.
That's right - advertisers!
1. ADVERTISERS COMING TO STEEM!
As this Knight has described, the demand for STEEM REALESTATE is going to grow exponentially and will drive up the value of the STEEM token. However, there is one other industry that is going to drive it up more than any other - the advertisers.
These advertisers will not be looking to advertise on standard STEEM posts. They will be looking to tap into the community energy. And the result will be a meteoric rise in usership!
Advertises pay Community / Developer which in turn gets distributed to the community. This in turns attracts new members to the community and provides members with tokens to spend. Members spend tokens on products advertises are selling. Producers of products set up distribution networks on STEEM to get closer to their market.
Advertisers, product producers and distributors will all need resource credits - and demand for STEEM skyrockets!
IN SUMMARY
A $300 Billion Dollar ecosystem is HUGE, and we are 10-15 years off this. But the strategy is sound and no institution on the planet is better placed than STEEM to become the worlds largest community hive and encrypted, decentralised marketplace for... EVERYTHING!
