Very nice post @chbartist

It can definitely be difficult for people to see the value of STEEM go down. Even SBD dropped a decent amount away from the USD.

But I agree that too much functionality exists for Steem for anyone to give up on the concept. A lot of people equate the blockchain with Steemit, and while Steemit is cool, I actually think this idea is holding Steem back. Nothing else has the same potential to be the internet money like Steem. It provides us with the ability to use it in ways other cryptocurrencies do not.

A few key characteristics of Steem that make it more viable for use than others is delegation. The ability to delegate goes way farther than just empowering bid bots.

I can visualize app after app serving as clubs that you join by delegating a certain amount of SP, and once delegated you get to enjoy the services within their ecosystem. I truly think delegation is a special feature of Steem that would be quite difficult to implement in any of the other major blockchains.