Useful or not, remember that value is just a perception. BTC was launched for exchange of value, but it slowly evolved into a store of value. It may not be the most convenient, most scalable or fastest mode of exchange, but people are still keeping it.

Yes, there are people who buy BTC and exchange it for alts, but there are also people who buy it to hold it. In fact, there are still many people out there who have never heard of any altcoin.

I fully agree that STEEM has now more utility with the launch of SE tokens. Since the only way you can get SE tokens, is to get STEEM first. However, that is only true if fresh money from outside the STEEM ecosystem is drawn in. I think this did not happen when SE tokens were first launched since the main target audience during the launch was really just Steemians.

All these being said, I think the SE tokens market have stabilized a lot lately and now a good number of them have their own Tribe interface. Which is good because they now can start to draw in new users outside the ecosystem. In addition, tribes also motivate existing users to stay. Personally, I am enjoying posting to a few of the tribes and it is really fun to see my SE tokens grow.

Again, great comment. Thanks!