probably I lost something in your post, something probably implied. That is the fact that Steem, as other cryptocurrencies, have values because there are people who exchange it for national currency (taking fees). This is possible because the market believes that Steem can works, has good prospects in its business. What its business? As far as I understand, that business - and the reason for tha market says that steem as a currency has value - is a technology, the Steem blockchain with its qualities: speed, scalability, security.
I don't think, honestly, that the social activity around Steem (very little, till now) is the reason for the market exchanges actual USD for Steem. The technology is that reason. A technology that can in the future replace the old one, the one currently used for transaction in national currencies all around the world.
Am I wrong?
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