That however may change with HF21/SPS, as we'd potentially be able to be incentivized to add Steem features from a new source of rewards.
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I think if Steem had 21 entire organizations, moderately funded, Steem would benefit greatly from it.
Isn't this just a function of price though?
Largely yeah, it's a factor of the price and overall market cap. In small part though it could be a piece of inflation strategy and culture.