That may have been a small contribution yes. To be honest I'd rather Steem move away from the influence of the rest of the crypto market sooner rather than later.
You are viewing a single comment's thread from:
That may have been a small contribution yes. To be honest I'd rather Steem move away from the influence of the rest of the crypto market sooner rather than later.
In order for us to break away from market pressure, we need to onboard way more than we are currently on-boarding. At least an order of magnitude greater growth of new accounts being created than we have now. The number of active users needs to grow significantly as well. The value of a network is relatively close to the square of the active users. This means every time the number of active users doubles, the value of the network quadruples. Price can somewhat mirror value once out from under the market pressure. On-boarding new users is directly tied to accessibility of the currency. STEEM has not been all that accessible compared to other currencies. Exchange nodes often don't work for STEEM and the currency is not available in large numbers of exchanges. There are language barriers with most of the exchanges and also with Dapps and Steemit. If these problems are fixed, growth can happen. Then value can grow.