All of this is contingent on Steem keeping its value!! The social + crypto aspect is amazing and very enticing to netizens, but it will only remain enticing if the market can absorb all the steem that is available for sale every single day. All these newly-minted Steemers are selling a porting of their shares and I believe this is driving the current bear market on bittrex.
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I think this is a very important point when you see people talking like a few months of existence confirms something is feasible longer-term.