<a href="https://musing.io/q/nonsowrites/fklccx3n5">View this answer on Musing.io</a><br /><p><strong>TL:DR - How much money companies/brands spend to load on Steem Power to market themselves on the Steem Blockchain.</strong></p>
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<p>I'm a Fundamental Analysis kinda guy. So I already have a cookie cutter answer for you.</p>
<p>Bitcoin's value is in the open, neutral, global, censorship resistant, decentralized nature of the Bitcoin Network to allow a bitcoin to be a ubiquitous Medium of Exchange and Store of Value.</p>
<p>Ethereum's value is in the computability of the Ethereum Network and the interopability of all the ERC20/ERC721/ERC777 tokens.</p>
<p>Steem's value is in the global censorship resistant, zero entry barrier content platform to allow instant non-minimal-limited compensation to creators.</p>
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<p><strong>So how I define the value of the Steem Blockchain?</strong><em> Bear in mind that the value of the Steem Blockchain may not immediately be reflected in the price of the STEEM Token. Token price works via simple supply/demand economics where the real value of the blockchain may not be the overwhelming driving factor.</em></p>
<p>The value of the blockchain may be proportional to the MAU of the Dapps especially in content creation and engagement.</p>
<p>One quickest use case of the blockchain may be for brands to build their community and followings. From what i know, @coingecko has powered up 22000 SP on the Steem Blockchain (maybe about 3 Bitcoin at the time) so that they can upvote users who talk to them whether via comments or posts that mention them.&nbsp;</p>
<p>This drives word-mouth-advertising as more people talk about @coingecko and how it's different from all the other coin price websites. Most people don't know about @coingecko and presses the first result they see when googling "Steem Price".&nbsp;</p>
<p>Unlike other forms of marketing, money spent on buying steem power can be reclaimed by selling the Steem, so rather than being a cost it's now an investment. Assuming the price stays constant, the only thing spent is time to engage on the steem Dapps, rather than a sunk cost for other forms of advertising.</p>
<p>So, is the Steem community effective enough in being mobilized as a marketing vehicle? will it worth @coingecko's time to be on here, will it worth the 22k Steem power they spent?</p>
<p><em><strong>This may be the easiest way to define the value of the Steem Blockchain, and personally i'm watching closely to see what happens</strong></em></p>