One double up.
This is not too hard to do. However, lets just relax a little.
I have only been with Steem a few days. It is hard to analyze it entirely rationally at this point. Especially with the price going nuts the last few days.
However the way I see it right now:
- Steem is a blockchain with a currency, basically like bitcoin
- It is designed with somewhat of a constant money supply increase of 10% yearly. Like bitcoin the money supply is fixed
- In addition to the money functionality all blockchain have, there is an additional app that gives the eco system value. In the long run this blogging/reddit type app should be the main thing driver of the basic of value. This is something that bitcoin does not have in this form. In addition to this baseline there should be the same benefits that bitcoin and other blockchains have.
- The blockchain is based in bitshares and has been thru various innovation cycles with key advantages such as a more decentralized and efficient consensus mechanism, better performance and higher de-centralization.
- the business model of the blockchain is designed with both the social app as well as the financial side of the blockchain in mind. It builds value for the investors as well as for the users of the app.
It looks to me like this is the most advanced blockchain on the block because of the combination of these aspects. It is the first time a killer app other than money has been introduces with new money. So i see this as a way to draw in users and investors at the same time. At this point, this seems a concept for domination to me.