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RE: My Thoughts On EOS, Cardano, STEEM and SMT
That's a good example of how expected future profits can turn out if it doesn't happen. Maybe a good anology for BTC, But I don't think that it's a good anology for Steem.
Why? Well, Steem already has a working product and a growing ecosystem. It's not like the 'trade' isn't already happening.
Yup, Steem is working, its like one of few crypto that has a product to back up its value.
I'm thinking the same way. There is a lot of altcoins, but without real value. Steem has it. Just the same way US Dollar had it up until mid 60s.