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RE: How to Value SteemIt Reward Payouts
This is a great way to think about it, but there is also the opposite - our upvotes and earnings may be worth far, FAR less (trending to $0) if Steem / Steemit fail.
But that is the bet we're taking. All depends on how much risk you want to take off the table (SBD -> STEEM -> BTC -> USD) and how much you want to double down on the platform (SBD -> STEEM -> POWER UP).
~ Kevin
Yes absolutely - that's a very important point which I debated including in my post but decided not to in the end. There is absolutely no guarantee that STEEM's value will go up and it could very well go down to $0. It all comes down to what each person thinks the chances are that it will increase significantly and if they consider that a worthwhile bet. As the saying goes - no risk, no reward!
Truer words never spoken :) - thanks again for writing this piece!