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RE: Exponential functions! Or why you probably still massively underestimate Steemit.com. No, you probably don’t really understand them!
This is true with steemit and the cryptocurrency market all together. Therefore, when looking at the amount of members it is probably easier to see the trend than it is with the swings involved in marketprice.
exactly, if it holds true that Steem as a currency reflects the value of steemit.com as a network you have to take into account that a network that doubles in size quadruples in value (Reed's law)
Now the interesting bit of course is going to be if that perception is going to hold true. I think the power down feature is really smart, it might hold new users in the network long enough to convince them of the value of the network, before they cash out altogether and leave.