In my opinion, Steem is still at its very early stage. Considering the active 100K users daily, I think it is too early to use classic model such as Metcalfe's law to analyze...

The registration of new users is still costly, probably this is why Steemit Inc. seems very "lazy" to promote Steem. And is Steemit.com ready to support 1 million active users for the moment? I doubt, seeing the so slow website recently, no matter it is caused by DDoS or not.

Some big whales are powering down their SP recently, which may greatly decrease the price of Steem, not to mention the recent bullish price of Bitcoin. But it is quite normal, look back the history of bitcoin. These BIG hands with lots of SP should and will be changed. This will decentralize Steem to more users, and at least stabilize the price of Steem from long term run.

Thank you Stephen for promoting Steem in UK. I joined one of the events, it was nice. But I do not think it is very sustainable using your personal resources from both time and finance. The resource from a single person is too less than even a small institution investor.

It is no doubt Steem is probably the most promising blockchain so far for social blogging. But we do need patience, waiting for the surge of Steem.

Bitcoin has been existing for more than 8 years to reach today's achievement. Steem is only younger than 2 years old.

Steem on.