RE: Steem must improve and the key metric for that improvement is "utility" by dana-edwards

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smt · @dana-edwards · Feb 14 '18

$0.13

This is true but there could be competitors so the immediate utility is of greater concern. 

Example:
> The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. 

So why would someone buy Steem Power based on a hypothetical future utility and take on the opportunity cost of not buying EOS, AMP, or similar? Opportunity cost is high in this space. 

References
---
1. https://www.investopedia.com/terms/t/timevalueofmoney.asp

👍 dcj

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@dcj · Feb 14 '18

$0.29

First -- I agree with the overall thesis of your post. I agree that utility drives price, and price drives utility, and hopefully we can collectively drive both upward through various investments in the community.

Second, I'd propose that present utility is essentially the discounted future utility based on best estimates of what that might be. Then holders have to consider that utility relative to other uses of their funds. But a feature here -- if we can agree to certain actions that will affect future utility, it *should* get priced in to the present utility.

Accordingly, I think we should all contribute to community in all manners that will drive user growth, content/platform engagement, and creation of cool content. Those factors will translate into high future utility, which will be recognized in present utility.

Cheers,

@dcj

👍 dana-edwards

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@dana-edwards · Feb 14 '18

$0.06

So the more ways we can encourage and allow people to contribute in these way the better?

👍 dcj

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