I think @hms818 could be right! Steem was processing a much greater volume of transactions and they were flowing fast and cheaply whilst bitcoin was constipated, ethereum was constipated. It took steem a bit longer to join the crypto slump this week and it wasn’t a 50% slump like bitcoin’s. Fluidity is so important and no one wants to pay high fees each time they do something like move bitcoin to a hardware wallet.
There are so many potential applications for the steem block chain. The sky is the limit. Steem attracts innovators!
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