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RE: Can we discuss approach to valuing steemit market cap?
If steemit had ads on it, being paid in via steem dollars only, and bloggers get a percentage of ad revenue.. that would certainly keep increasing the value of the coin along with the site and everyones revenue in general :)
Thanks @jimbogjones Im fairly new to using steemit much so can you explain why you say if the ads were monetised by steem dollars rather than steem? Thanks
Sorry what i mean't was if advertisers had to purchase steem to buy ads, it would create a micro economy.
Advertisers would purchase steem.. which creates demand for it.
Then the publishers (us) can earn money from the ads rather than just being upvoted.
So steem will go in and out, here and there, and hopefully increase in value :)
Yes I like this thinking