Time will tell I guess. As a crypto-social media currency it has more substance than the pure crypto's in my opinion because it is linked to valued online content. It's early days, and crypto's will have their ups and downs, but I believe they are here to stay. Steemit is the first such platform to combine social media blogging with it's own currency and I only see it evolving and improving.
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Well said, the system does work. All we have to do is generate quality content to get paid. Man I wish Amway were that easy!