RE: Crucial Distinction Between Steemit (Platform) and STEEM (Cryptocurrency)

Very good points you bring up @louisthomas.

I think when looking at a cryptocurrency it is imperative to look at the underlying blockchain. With that, I think what separates one platform from another is the development that is taking place. This is especially true when a blockchain is relatively new. The biggest question is what is going onto that blockchain which will be used by people.

Steemit is just an app..so is DTube....busy.org....etc.... On the blockchain, those do not have the true value, it is the blockchain. As more apps are developed which people use, then you will see the value of the blockchain increase. Of course, this might or might not be reflected in the price of a currency since that is set by the market forces which can either get ahead or trail the development.

I posted a couple articles the last couple days about why I am so bullish about STEEM in spite of the negative comments about steemit's present technical gaffes. Overall, I am a big believer in the SMT market....that is a great way to lead millions upon millions of people to the steem blockchain. Notice I said blockchain and not necessarily steemit. Nevertheless, them being on the blockchain helps everyone who has STEEM.

Thanks for the video.