RE: Well, it looks like the bubble has officially popped
Steem is one of the most undervalued in the longterm since we have the largest community of users and growing network effects in Social Apps. The updates to Steem have been a little slower than I hoped for but overall w/ the release of HF #20, SMTs, Communities. Steem blockchain is solidifying itself to be the base layer of many social blockchain transactions. What Steem is achieving is a true community owned social network that has many benefits compared to centralized systems. The money is the first and obvious benefit. None of the centralized systems pay out content creators directly and the money they do generate is very small. Then the censorship problem - Alex Jones, my friend @crypt0 and many more are getting thrown off Facebook without reason. Anyone that's critical of the system deleted. Personally, I've had banning and censorship in Reddit without any reason. I am Investor/Entrepreneur so it's my nature to point of both positive and the negative to improve things. For example, if you go on r/bitcoin and make critical comment about the routing problem with Lightning Network or for God's sake mention a raise of the blocksize. You will immediately be banned! So we have a system of centralized Social Media that's broken. Steem with the upgrades and growth of the platform is positioning itself for hyper growth. At least with Steem your account will always be there, on the blockchain forever. No one can take that away from you like what Facebook is doing to people.
That is true on many levels, though regarding steem and censorship, if you upset the wrong people there is the possibility that they downvote you to the point where anything you post on steemit is not visible in any way, which in a way could be considered censorship.
Irregardless, there are many positives here. Like you I have been disappointed with the slow and lack of development here. I feel steem had a huge head start that was their competitive advantage that they have mostly squandered, though not completely.
Communities and SMTs could certainly turn things around on here and make steem one of the best coins around. It's up to the developers to actually get those things done.
Yes, Steem had a huge head start but if the these major releases come out will still be way ahead of the heard.
I agree with you there. Just have to start executing now.
At least we have a hard date now that will be fulfilled. No doubt the Smt's, communities and the HF #20 will make a tremendous difference. I confident by early next year the Crypto markets will have recovered. To much adoption and news is happening. Going through the bear market of 2014 there's was hardly anything going on. Only ETH ICO and Overstock accepting Bitcoin for payments. Everyday I am blown away at the pace developments happening in the Crypto space. Just getting a recovery to the normal would bring Steem back to $4+. With more growth much higher Steem. The key is getting apps and SMTs on Steem. Dtube is a great example of adding value to Steem.