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RE: Nobody Knows About Steem, The Price Isn't Moving And Why THAT IS A VERY GOOD THING!!!!

in #steem7 years ago

Ok, understood now.
so behind the scenes as the esteem app gets the kinks worked out and the platform gets the tweaks and bugs settling down, the strength of steem could/may grow but will have a steady backing because of the platform strength? Correct?

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It is about retention rates. If the apps are flawed and buggy, like Steemit was a couple months ago, people are going to leave quickly. This reduces the amount of transactions which will, ultimately devalue the token.

This is not a general purpose blockchain...it is specialized. Hence, it is designed for those who create content. The curation reward system is built in for those people. Having something that doesnt work only turns them away.

So from a spec standpoint, it can run up a price to a point, but then it will collapse. Having a bunch of apps which appeals to people, that will give the chain a foundation with a ton of transactions.

All of this will be overshadowed by SMTs by the way...those are what is going to send it to the moon.

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