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General Discussion / Re: Claims of BM saying BitShares has failed
« on: May 26, 2016, 01:22:23 am »and it seems STEEM is not something we should remotely consider to invest in given the history .
Fuck history, look at the damn price son! Anyone that bought that last dip just doubled up.
Steemit is most like Reddit imo
Quote
As of June 2015, there were 36 million user accounts.
As of 2015, Reddit had 542 million monthly visitors (234 million unique users), ranking 14th most visited web-site in US and 36th in the world.[6] Across 2015, Reddit saw 82.54 billion pageviews, 73.15 million submissions, 725.85 million comments, and 6.89 billion upvotes from its users.[7
In October 2014 Reddit raised $50 million in a funding round... Their investment saw the company valued at $500 million.[10][11]
https://en.m.wikipedia.org/wiki/Reddit
So Reddit is valued at like $15 per user?
So Steemit at a valuation of $30 million implies they expect to have 2 million users in the near future.
That's not taking into account that Steemit are actually directly paying for those users, are also directly paying for their content and have no monetisation so I imagine they will actually experience a significant loss per user for the forseeable future so their valuation should be...