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RE: Is Steem the "non-technical Ethereum" rival of Bitcoin? Will Steemit be the spark that starts the rush of regular people into the cryptocurrency world?
But I do think STEEM is the direct result of why Ethereum is crashing right now..
Not at all. Ethereum dumping is long overdue: https://steemit.com/money/@r4fken/steem-is-hot-but-these-are-the-opportunities-for-bitcoin-and-ethereum-right-now
At this point I feel #Ethereum and Steem are separate issues. ETH will not stabilise until the hard fork happens and it probably crashes some more. Then once what done is done then corporate interests interested in ETH can pump it up again. If Steem eventually causes problems for Ether the Ethere is in big trouble. I don't foresee that happening though. Here is my latest post: https://steemit.com/steemit/@bitcoinmeister/video-from-january-where-i-recommend-that-twitter-incorporate-a-cryptocurrency-system-into-their-platform-and-where-i-describe