Joe Lee, co-founder and CIO of digital currency trading platform Magnr, told CoinDesk. "Whether Steem succeeds as a digital currency will be more a reflection of Steemit’s success as a platform as opposed to the economics of the coin itself. This is a good example of a digital currency whose value will be closely affiliated to its utilitarian value as a social networking and sharing platform."
“I’m skeptical about 'appcoins'/'appchains,' and Steem is very much one,” stated algorithmic trader Jacob Eliosoff.
"more info"? sorry, but this is 1.5 years old. at least indicate that or deliver the source...
https://www.coindesk.com/steem-provokes-doubt-market-observers/