Post
Topic
Board Altcoin Discussion
Re: Steemit how can this thing be workable long term?
by
iamnotback
on 25/07/2016, 04:32:29 UTC
Also look at that: http://www.coindesk.com/bitcoin-venture-capital/

Circle: 136mn VC funding
bitFlyer: 34mn
vogogo: 21mn
21 inc: 121mn
coinbase: 106mn

Steem is already too expensive then at higher market capitalization than those funding rounds.

But I agree with that the central banks flooded the world with money that can't find a good ROI.

So why shouldn't I compete with Steem and go get some of that ?? Especially the UI and social networking part is precisely what I like to code on. Give me one good reason. You think I will earn $200k on Steemit cashed out. I doubt it. Creating even a half-assed clone of Steem would probably net me way more than $200k.

(If my health was perfect, I wouldn't even be contemplating it anymore, I'd already be coding it. I'm a bit more cautious/less confident because of my health debacle.)