What does Thermodynamics say about the price of STEEM as the Blockchain's User base Increase?!πŸ€” @ The Simple Mices by ced000

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· @ced000 · (edited)
$24.91
What does Thermodynamics say about the price of STEEM as the Blockchain's User base Increase?!πŸ€” @ The Simple Mices
In an hypothetical scenario where the supply of STEEM grows by 9% per annum and users in the enclosed ecosystem grows by 200% per annum, the eventuality can be vaguely predicted by the economic law of Demand and Supply. But again, If y'all don't mind😏, I'm going to approach this topic from an engineering perspective because I think I have better analogies in that discipline.
![IMG_20180529_080212_807.jpg](https://cdn.steemitimages.com/DQmcCh5WWKUFewanYR9bBxd3wK6uGdXaQZBaGZRkPRhFwFs/IMG_20180529_080212_807.jpg)
<center>[Image by Siyavula Education](https://www.flickr.com/photos/121935927@N06/13580030964) - [License, CC BY 2.0](https://creativecommons.org/licenses/by/2.0/)</center>

   Now let's consider a cylinder of a fixed volume which contains a pure substance of any kind in  gaseous phase. According to the kinetic theory of gases, the molecules of this gas are in constant motion, colliding with themselves and the walls of the container. This is what results to pressure on the walls of the container. In a scenario like this, the pressure of the system can be increased in two ways;
1. Reduction in the volume of the cylinder, majorly a closed system i.e a system that does not allow an outflow.
2. Increase in the cylinder's content, the gas (A net increase of the cylinder also allows outflow of gases i.e an open system).

Both ways results to an increase in the number of collisions between the molecules of the gases themselves and the walls of the container, which is what results to an increase in pressure in the system.

   Pressure is considered an intensive property of a thermodynamic system and so is temperature and specific volume. Thermodynamically, properties of a system set the state of that system. Specifically the *state postulate* specifies that, **"The state of a simple compressible system is completely specified by two independent, intensive properties"**. 

   A better understanding can be attained, to if one thinks of a blowing air into a balloon. In this case, the pressure on inside the ballon is increased by increasing it's air content. The collisions of the molecules of air with the walls of the balloon material is the cause of this and it consequently results to the size of the balloon. If one checks properly, one would notice that the temperature of the balloons inlet increased and the body too but only slightly. If there is enough pressure increase, the temperature of the body of the balloon would increase more significantly.
<center>![800px-Girl_inflating_a_red_balloon.jpg](https://cdn.steemitimages.com/DQmV3k65VGbkuuLXNPxoYR3XpvJXmBp4WHcaYaXSgvPfSMU/800px-Girl_inflating_a_red_balloon.jpg)
*A girl increasing the pressure in a balloon by blowing air into it*
[Image Source](https://commons.m.wikimedia.org/wiki/File:Girl_inflating_a_red_balloon.jpg) - [Licensed By](https://creativecommons.org/licenses/by/2.0/deed.en)</center>

   This gives us a rough but valuable understanding that there is a relationship between properties of a system. This is true and in fact, at a given state, the properties of a system has a fixed value. Considering an ideal state, they are related by the equation of state, given by;

   <center>**Pv = RT**</center>

Where P is Pressure.
             v is Specific Volume.
             R is Gas Constant (specifies nature of gas).
             T is Temperature.

   From the above equation, with proper observation it can be seen that an increase in pressure results to a decrease in specific volume and an increase in temperature. In single phases, these properties can be independent, that is, two others can be varied while keeping one of them constant by some engineering design. For example, reducing pressure by increasing the size of a gas container should make the gas colder, but placing it on a hot plate, helps maintain the temperature.

I know you might be asking, **how does all these thermodynamic jargons relate to the STEEM ecosystem?**.πŸ˜‚πŸ€£

Now that you've been basically grounded in the aspect of thermodynamics that relates these, I'll tell you.😏
<center>![steem 3.jpeg](https://cdn.steemitimages.com/DQmPviU7gmZJaqMEjQYPvZFqm2dzecDVwmPstQdoxDRfykq/steem%203.jpeg)
[Image Source](https://steemit.com/steem/@stevenomole/steem-ecosystem-platforms-other-than-steemit-on-steem-blockchain-you-don-t-know-about)
[Image Credit](https://steemit.com/@stevenomole)</center>

   First of all, you must realise that the STEEM ecosystem is a system itself and it's boundaries are set by the STEEM token because this is what powers the Blockchain. The users are modelled as the gas molecules. Again for simplicity, we'll consider a scenario where every user has an equal influence (STEEM Power) in the ecosystem. This helps us fit the model to truth that gas molecules are exactly the same.

  The increase in of gas molecules (users) and without an equivalent increase of the system's boundaries (supply of STEEM) results to more collisions between the molecules of these "gas molecules" and the walls of the container. These collisions can be seen economically as **demands**. As explained above, these collisions results to an increase in pressure on the boundaries of the container and if the **equation of state** formulated above governs this "modelled thermodynamic system" as well, it should result to an increase in temperature of the gas molecules. When these gas molecules come in contact with the boundaries of the container, they attain thermal equilibrium (equalling temperature of the gas molecules and the wall) after some time, resulting to an increase in temperature of the wall or boundaries of the container as well. Also these collisions results to a strain on the boundary molecules, increasing their energy as well, just as a strain on water molecules through the addition of heat results to a more energetic gaseous molecules.

  The increase temperature of the gas molecules and the walls of the container (plus container molecules strain) would translate to economically mean **increase in utilization of STEEM** and an **increase in the price of STEEM** respectively which is in line with what the law of Demand and Supply would predict.

   One must not forget or neglect the assumptions made subliminally. They include;
β€’ That the molecules of gases are the same meaning which translates to mean that all users would have equal STEEM Power. Bigger Molecules would mean users with higher STEEM power. This can be usually resolve with the **Theory of Gas mixtures**.

β€’ The Molecules of Gases do not react with each other on collisions, they merely rebound like elastic balls with kinetic energy conserved. This makes sense because interactions between users are trustless, hence there would be no conflict in the Ecosystem.

β€’ Negligible intermolecular forces between molecules. The translation of this would mean the decisions of user accounts are independent of each other. Hence negligible amount of multiple accounts by one user.

   The consideration of the above assumptions has led to the formulations of better equations of states that increases the accuracy of results. 

   Hence, thermodynamically speaking, the price of STEEM will increase as well due to the increase of its utilization, and the strain in the ecosystem caused by the increase in users. This is in close correlation to what the law of demand and supply.
<center>![IMG_20180529_073912_853.jpg](https://cdn.steemitimages.com/DQmaPSFBonceNJRMfAYYcJ62hiS6AvztEnByrfg1pA1fRre/IMG_20180529_073912_853.jpg)
[Image By Mike Seyfang](https://www.flickr.com/photos/mikeblogs/271068829) - [License, CC-BY 2.0](https://creativecommons.org/licenses/by/2.0/)</center>

  Now, this is how it relates. 😏

And I strongly believe that if these properties can be quantified, the price of STEEM and its future  state can accurately predicted.

**THANKS,**
**CED.**
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 215 others
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vote details (279)
@cuevasromulo ·
## Exclusive Offer 
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@arcange ·
**WARNING** - The message you received from @cuevasromulo is a **CONFIRMED SCAM**!
**DO NOT FOLLOW** any instruction and **DO NOT CLICK** on any link in the comment!

For more information about this scam, read this post:
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If you find my work to protect you and the community valuable, please consider to upvote this warning or to [vote for my witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=arcange&approve=1).
πŸ‘  
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vote details (1)
@owoblow-steemit ·
$1.32
>Thermodynamically speaking, the price of STEEM will increase as well due to the increase of its utilization, and the strain in the ecosystem caused by the increase in users. 

Magnificent understanding of the principles of thermodynamics

Mehn, you are a genius

Upvoted and Resteemed


`OS`
πŸ‘  , ,
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vote details (3)
@ced000 ·
We try our best sir!
😏
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@rudyardcatling · (edited)
$1.34
![cooltext263015534343913.png](https://cdn.steemitimages.com/DQmNvftVFGMeKnUS5oxp7Cx3Hj7TARiE3k1dG2WzaedzduY/cooltext263015534343913.png)
that must be by far the most interesting way i heard say it so far. I'm not sure though, supply and demand certainly apply but with steemit being used as bonus (or for some of us in a dire state of need as a basic income over time) it might just stay low : given the fact that in your thermodynamics all gas molecules would be exactly the same composition with exactly the same behaviour, but in the "real" world, the 1%ers (what's called whales here) are very different from the plankton (that's what comes before minnows, minnows are actually ALSO already well off, depending where on the ladder of homo moleculus you stand) so since you have let's say 90% plankton, 7% minnows, 2% dolphins and 1% whales in your proverbial balloon

"the system" so to speak things might act differently since your plankton will sell off FAST because they actually need the fiat money whereas anything above can hold on longer but might bear less influence compared to 90% of the agents there, this would keep the price down at ALL times unless there's a minimum below which it can't be sold

which is regulation
which is always bad in crypto-economy ...

i dont have votes but i see if i can find i minor bot available, that was really cool article, have you considered finding #steemstem ? talk to someone like @lemouth or @utopian-io , if you can write actual articles qualified for STEM (-career education) they will gladly see you coming :p ain't no harm in checking that out, bro ![](https://cdn.steemitimages.com/DQmP73b4jdJHmf4otAUeCnsqGxf3mKGzExjnhXdT2kdJQjo/image.png)
the vote should come in within a few hours, if it does not i can't help that, the bots don't always come through i guess that would be ...
entropy ? what about #entropy ? people lose keys to their wallets and can never access their steem again, it is lost forever and can't be turned back ... equilibrium ? eventually all plankton and whales will drift to have the same weight ? (lol) probably not, anyway, thanks for that. I see how much it gives with the bot, if it says 0.02 estimate you might want to give it a self-vote to make sure.

kudos
me : https://steemit.com/introduction/@rudyardcatling/signature-post-20180501
![](https://cdn.steemitimages.com/DQmbfqwzB3cKfhHh3d1ifBzJ8xQPotTHuAtZPrQXgokjUDu/image.png)

(re-steemed)

oh looks like you're already over treshold by the time i'm done typing, i'll make sure to throw a vote on it too bc- of re-steem when i get to that part of the round today , thanks for the good read :)
πŸ‘  , ,
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vote details (3)
@ced000 ·
Yes...you have pointed out some of the complexities, left out of this relation theory.
Of course, it's still a theory and needs refinement. 

Thanks for these thoughtful refinements.
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@rudyardcatling ·
every great theory starts with an idea

i really think you should check the #steemstem people if you're that good an engineer and writer :) see you around
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@lemouth ·
Thanks for tagging me here. This was indeed a very nice article to read! I liked it a lot!
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@rudyardcatling ·
i thought you might have :)
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@steemchurch ·
$1.30
Amazing reply @CED

Let's see what our dear Knight thinks about your ingenuity


Resteemed


`OS`
πŸ‘  ,
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vote details (2)
@ced000 ·
Thanks.... I'm grateful!
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@cryptospecio ·
$0.44
Thermodynamically, the cost of STEEM will increment too because of the expansion of its usage, and the strain in the biological system caused by the increment in clients. 

Heavenly comprehension of the standards of thermodynamics 

Mehn, yosou are a virtuo
πŸ‘  ,
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vote details (2)
@ced000 ·
Thanks for dropping by!
I hope to write more impressing posts
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@sirmiraculous ·
Like seriously?    This guy is indeed a genius @ced000.   That was educative.  Following you already.  I would love to see more post
πŸ‘  ,
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@ced000 ·
Thank you sir for dropping by!
We are all geniuses 😏
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@maintain4real-eu ·
You did a great job by breaking down the present and future sustainability of steem.
I have more confidence in the increase in the demand of steem which will in turn increase the price as many users are now turning up everyday.

I love this.
>Thermodynamically speaking, the price of STEEM will increase as well due to the increase of its utilization, and the strain in the ecosystem caused by the increase in users.
πŸ‘  
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@ced000 ·
Thanks sir!
I really appreciate it
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@benlegend-1 ·
Egbonski it's Benji speaking
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@benlegend-1 ·
Well done
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@druids ·
$0.05
😩😩
You just too good Man. 
Love the way you applied thermodynamics to the steem ecosystem.
πŸ‘  ,
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@ced000 ·
Guuuuy...
Thanks, we dey try!πŸ˜‰
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@sniffnscurry ·
$6.64
Wow CED. Thorough answer. However we mice would have accepted....

*'When heated gas molecules are added to a container at a rate greater than the expansion of the vessel...'*

![images (1).jpeg](https://cdn.steemitimages.com/DQmbGuSryu3cNMwzuMxP4xRCsTn6uQFvQzB5Xh3VDJ1Jdjm/images%20(1).jpeg)

Hehehe.

Thanks CED.

![DQmNzsoLa4VjB5dmWYd2hVJch56K4KBVaX56u8wWoWZA9tk.jpeg](https://cdn.steemitimages.com/DQmbVZvjux8MGao8nDoWZpXmczrusx46JWFrNd3sBqEDMde/DQmNzsoLa4VjB5dmWYd2hVJch56K4KBVaX56u8wWoWZA9tk.jpeg)
πŸ‘  , ,
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vote details (3)
@andymandy01 · (edited)
I totally agree with that, due to the fact that all gases (be it hot or cold) are constantly in state of random motion... ***kinetic theory of gas***
Thanks for that.
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@ced000 ·
I'm glad you liked it.
It was challenging but i just had to deliver. Feel free to ask any questions in the future 😏
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@andymandy01 ·
Wow!!!  Nice analogy sir... You are surely a science student. 

Please do well to read my post on the power in our words: 
https://steemit.com/steemchurch/@andymandy01/there-is-great-power-in-our-words-let-your-speech-always-be-a-positive-one
πŸ‘  
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@ced000 ·
Heheheh....Yes sir I am

Engineering to be precise.
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@ronarexx ·
$0.02
Bro!  This was huge.. 
I for one never saw it from this perspective
πŸ‘  ,
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vote details (2)
@mechanicalpip ·
$0.02
Amazing, simply amazing.
Who would have thought that this relationship could exist. 

I would like to propose a challenge to anyone to use something else, to explain the recent price and future price of steem

Thanks for raising the bar
πŸ‘  
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@ced000 ·
I see you broda!😏
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@sparklez ·
$0.02
hahahah....welcome back broda broda, missed ya...for your post, no comment brov, simply fantastic...
πŸ‘  
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@ced000 ·
Ma brother!
E don tey o...
How e dey be naa
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@kingabesh ·
$0.19
Hey @ced000, I noticed you violated copyright laws as regards use of images and that’s really not cool. Well, you can learn to cite images better by joining the steemstem discord server [here](https://discord.gg/CJ3d3n9). Contact a mentor too to put you through that and so much more. 
![39AC8325-1827-40FF-97DC-8BA2BC92D77D.jpeg](https://cdn.steemitimages.com/DQmTQJ5NNZT6jBakWhYy4Dh6UHcUxQ18u4yh5D49KbCz7Yh/39AC8325-1827-40FF-97DC-8BA2BC92D77D.jpeg)
πŸ‘  , ,
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vote details (3)
@utopian-io ·
#### Hi @ced000!

Your post was upvoted by utopian.io in cooperation with steemstem - supporting knowledge, innovation and technological advancement on the Steem Blockchain.

#### Contribute to Open Source with utopian.io
Learn how to contribute on <a href="https://join.utopian.io">our website</a> and join the new open source economy.

**Want to chat? Join the Utopian Community on Discord https://discord.gg/h52nFrV**
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@akeelsingh ·
Great work, almost nostalgic go a sense as i remember my high school as well as early campus life of covering this work.  Excellent and easy ti understand. Thank you!!
πŸ‘  
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@ced000 ·
Thanks for dropping by sir!
I remember those times too, when we were forced to cram the theories, who knew what they meant then?!
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@traviz ·
$0.02
wow. 
Great way you related steemit to thermodynamics.
..just that's it's still more of theories. 

Thanks for sharing @ced000
πŸ‘  
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