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RE: STEEM/BTC Fundamental Analysis #1: Why is the price tanking?
I think the hack and consequent technical issues put a bit of a damper on the price movements, but in the long run the hack and everything that came with it will be good for STEEM since it heightened the focus on security and allowed Steemit to put into place a lot of good security measures.
Good work though, looking forward to seeing the results of the rest of your digging.
The new RNG based passwords are an excellent solution against bruteforcing attacks, however to completely protect the less savvy users, the owner keys should get their own RNG password at registration. Then again, if the user stores the password in the browser or in plaintext, its wasted effort. Either way, I agree, the security has been hardened quite a bit.
Considering that the price was at 20c a month ago, we are still holding up pretty good. This cool-off period is a healthy time for the market to consolidate, and a good opportunity for new investors to chip in. As soon as a new marketing/influence channel opens up and adoption skyrockets again, we will see another rally.