You are viewing a single comment's thread from:
RE: Steem sinks and raising scarcity
600 million steem is nothing for an descent user base. 10 million users and you get that every user can only own max of 60 steem. so thing is simple, we need more people to want to own steem and the price will go go and go :D
10 million users will not own 60 steem each, because most of the steem is already locked in SP.
Maybe max 10 steem.
Can you imagine the price of steem token when this comes to fruition?
Yep, with 200M already staked pretty solidly, that means over the next 15 years there is only likely to be 400M available and much of that is going to be directed toward the 200M that is already staked. Unless desperate for the money now, it seems crazy to not stake up at least some Steem.
the number was more just to show it is not that much of steem.
As @oldtimer said, much of it is already locked up and unlikey to be released. that SP provides RCs for the earning tokens, SMTs to come. I do think that there will be millions of steem holders though.