Author Topic: STEEM price discussion  (Read 6632 times)

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Offline liondani

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STEEM price discussion
« on: April 21, 2016, 07:42:02 am »
Do you think STEEM stays for ever on a  300K marketcap?


http://coinmarketcap.com/currencies/steem/#markets

Offline bytemaster

Re: STEEM price discussion
« Reply #1 on: April 21, 2016, 07:45:26 am »
I think they will be forced to change their accounting out of the sheer ridiculousness of their ranking of Steem vs the rest of the market.
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Offline liondani

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Re: STEEM price discussion
« Reply #2 on: April 21, 2016, 07:48:42 am »
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)


Offline liondani

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Re: STEEM price discussion
« Reply #3 on: April 21, 2016, 08:04:11 am »
I think they will be forced to change their accounting out of the sheer ridiculousness of their ranking of Steem vs the rest of the market.

from the other side it will attract many new speculators due to the currently super "low valuation"  ...

Offline svk

Re: STEEM price discussion
« Reply #4 on: April 21, 2016, 10:37:50 am »
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)



The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.
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Offline nomoreheroes7

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Re: STEEM price discussion
« Reply #5 on: April 21, 2016, 10:38:40 am »
I tried looking into STEEM but can't for the life of me figure out if it's more worth it to just hold STEEM or convert it to VESTS...if you convert it you just get shielded from dilution/get voting rights, but your money is basically locked up for 2 years, right?

And if $300k isn't indicative of its true market cap, can anyone come up with a closer real valuation?

Offline oldmine

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Re: STEEM price discussion
« Reply #6 on: April 21, 2016, 11:10:37 am »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

Offline testz

Re: STEEM price discussion
« Reply #7 on: April 21, 2016, 11:12:17 am »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

Unfortunately Bittrex open Steem trading first.  >:(

Offline liondani

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Re: STEEM price discussion
« Reply #8 on: April 21, 2016, 11:55:05 am »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

Unfortunately Bittrex open Steem trading first.  >:(

actually [member=23432]ccedk[/member] should give the option to deposit/withdraw STEEMs ...
else why should they choose openledger over bittrex?

Offline tbone

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Re: STEEM price discussion
« Reply #9 on: April 21, 2016, 12:02:48 pm »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

What do you mean "they" just use Bittrex instead?  Do you understand that any exchange can list any token at any time, as long as the blockchain is launched?  All an exchange has to do is have a wallet, enable deposit and withdraw in their UI, and issue an IOU token on their platform.  There's nothing the devs of a token can do about it.  Having said that, it's hard to understand how OpenLedger was beaten to the punch by Bittrex.

Offline BunkerChainLabs-DataSecurityNode

Re: STEEM price discussion
« Reply #10 on: April 21, 2016, 12:15:43 pm »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

What do you mean "they" just use Bittrex instead?  Do you understand that any exchange can list any token at any time, as long as the blockchain is launched?  All an exchange has to do is have a wallet, enable deposit and withdraw in their UI, and issue an IOU token on their platform.  There's nothing the devs of a token can do about it.  Having said that, it's hard to understand how OpenLedger was beaten to the punch by Bittrex.


Data Security Node, [04.04.16 18:50]
Steem will soon be available on BitShares in this market.

https://bitshares.openledger.info/#/market/OPEN.BTC_OPEN.STEEM

This exchange pair is brought to you by Open Ledger  (aka. CCEDK). 

If you want to trade for FIAT you can also trade this pair:

https://bitshares.openledger.info/#/market/OPEN.USD_OPEN.STEEM

You can place bids in these markets while we wait for Open Ledger to enable STEEM deposits / withdraws.

Data Security Node, [04.04.16 19:07]
any takers? https://bitsharestalk.org/index.php/topic,22139.0.html

Data Security Node, [04.04.16 19:23]
@ronnyb can't you get your video guy on this?

Ronny Boesing, [04.04.16 19:24]
already posted this to him

Data Security Node, [04.04.16 19:24]
getting in on the ground floor of a new currency like this is HUGE

Ronny Boesing, [04.04.16 19:24]
and I may have one or two more videos in my pacj┬┤kage deal, this one is definitely worth working on

Ronny Boesing, [04.04.16 19:25]
but could be nice to have someone put together the information needed in it

Ronny Boesing, [04.04.16 19:25]
it could help him get done sooner

Ronny Boesing, [04.04.16 19:26]
it seems april will be a big month

Data Security Node, [04.04.16 19:26]
if he needs help can you hire someone else to help him?

Ronny Boesing, [04.04.16 19:26]
STEEM, LISK, Synereo, DGD(Digix) as open assets

Ronny Boesing, [04.04.16 19:27]
nice

Ronny Boesing, [04.04.16 19:27]
I dont need to hire anyone else, he will fin out

Ronny Boesing, [04.04.16 19:27]
I am only saying if someone feels they have the golden thread of making sure all ins there

Data Security Node, [04.04.16 19:30]
sorry.. but when something is important to my business.. I hire and pay someone to get the job done.. all those other coins already has their ICOs.. all the volume passed.. this is volume IN FRONT OF US.. I am urging you to PLEASE treat this with some urgency and make sure this gets all the attention it deserves.. ultimately though it's your business

Ronny Boesing, [04.04.16 19:31]
why U think I dont want this

Ronny Boesing, [04.04.16 19:32]
I have already been asked for creasting media attention for this, and why should I hire someone if I have a contract for similar already

Data Security Node, [04.04.16 19:32]
because you are in here pandering for free help instead of putting hard resources behind it

Ronny Boesing, [04.04.16 19:32]
u think I am asking for free help, so far I have not received anything for free in here

Ronny Boesing, [04.04.16 19:33]
except stupid comments

Ronny Boesing, [04.04.16 19:33]
anything lese is paid for whenever a job is done

Ronny Boesing, [04.04.16 19:33]
I even paid 100k bts in order foryou to go online in daily decryupt

Ronny Boesing, [04.04.16 19:33]
how much did you pay

Ronny Boesing, [04.04.16 19:34]
what i am saying is, I ask but that is not the same like I ont pay

Data Security Node, [04.04.16 19:36]
Like I said.. its your business.. there is no room for delays on this... its your call

Ronny Boesing, [04.04.16 19:37]
everything has its prize, some o it for free, some dont even o it for money, some do it simply to support an idea, and those people needs rewarded, because thjose people are eventyually what makes this kind of project worthwhile. So I pay for whatever I have had done, and I am paying for this one also. I didnt really need you to tell me, but I guess you felt it was soemthing I did not know about, Well i did

Ronny Boesing, [04.04.16 19:37]
no delays indeed, its not the same as most important in this world

J St, [04.04.16 19:37]
Ronny try not to be defensive this could increase openledger buyback by 10x in one month

J St, [04.04.16 19:37]
I mean in the first month

Ronny Boesing, [04.04.16 19:38]
yes, and I will do all I can, as I have already posted, but sorry, the guy is sleeping

J St, [04.04.16 19:38]
STEEM with the right captain may be as big as bitshares

Ronny Boesing, [04.04.16 19:38]
I am going to deal with it, its just that its strange that anyone here thinks I will not act on it

J St, [04.04.16 19:39]
Poloniex became the biggest exchange because of ethereum, if this guy lists points of what he is going to do this could be huge

J St, [04.04.16 19:39]
I understand your position but Data Security Node is just trying to help

Ronny Boesing, [04.04.16 19:39]
why should I not, the guy is adding Steem to Open assest

Ronny Boesing, [04.04.16 19:39]
assets

Ronny Boesing, [04.04.16 19:39]
so ofcourse it has top piority

J St, [04.04.16 19:40]
Ok perfect

Ronny Boesing, [04.04.16 19:40]
it is one of those things that I am constantly working for

J St, [04.04.16 19:40]
In this scenario time is of the essence

J St, [04.04.16 19:40]
Sorry to reiterate

Ronny Boesing, [04.04.16 19:40]
in any scernario

Ronny Boesing, [04.04.16 19:41]
np, I may have come out to hard o you data

Ronny Boesing, [04.04.16 19:41]
but its just becasue I care for all i do

J St, [04.04.16 19:42]
It takes a great man to admit when he is wrong

Ronny Boesing, [04.04.16 19:42]
and sometimes I feel nobody udnerstands how much

Ronny Boesing, [04.04.16 19:42]
gnite
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Offline mint chocolate chip

Re: STEEM price discussion
« Reply #11 on: April 21, 2016, 01:43:36 pm »
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)



The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?

Offline svk

Re: STEEM price discussion
« Reply #12 on: April 21, 2016, 02:41:21 pm »
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)



The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?
VESTS can be converted to STEEM in 104 equal weekly payments, so spread out over two years.

Say you withdraw 104 VESTS, once per week you will receive 1 * STEEM/VESTS ratio STEEM. Right now that ratio is around 55 I think, so you'd get 55 STEEM.

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Offline bytemaster

Re: STEEM price discussion
« Reply #13 on: April 21, 2016, 06:47:24 pm »
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)



The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?
VESTS can be converted to STEEM in 104 equal weekly payments, so spread out over two years.

Say you withdraw 104 VESTS, once per week you will receive 1 * STEEM/VESTS ratio STEEM. Right now that ratio is around 55 I think, so you'd get 55 STEEM.

Sent fra min MotoG3 via Tapatalk

Think of VESTS like a perfectly laddered CD. 
1% mature in 1 week
1% in 2 weeks
1% in 3 weeks...

The average maturity is 1 year.

They automatically "roll over" if you are not withdrawing your VESTS.
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Akado

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Re: STEEM price discussion
« Reply #14 on: April 21, 2016, 07:16:26 pm »
I haven't read much about steem and haven't fully grasped the concept it seems. If it is a social network how can it be the 3.0 / superior model? Isn't BitShares an exchange/bank, etc? It seems it has much more potential in terms of the market it is. Can both even be compared? Isn't it like comparing apples to oranges?

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