Your input on the value of steem relative to the rise of other cryptocurrencies would be appreciated. It has significantly lagged the rest of the market in percentage terms, despite going up in dollar terms. In contrast, steemdollar has risen considerably in both USD and percentage terms. As others have pointed out, the supply and distribution of steem versus steemdollar is something that may need to be addressed if the former is ever going to become a top cryptocurrency in a market valuation sense.
You are viewing a single comment's thread from:
I don't believe I am yet qualified to make an informed commentary on this, but I plan to continue learning more so that I can have an informed opinion in the near future.
Thanks for the response. My most recent blog post touches on this subject. Any input is appreciated, once you are able to have an informed opinion. I recognize the inherent potential of this platform but am struggling to see the execution. It is hard to attract serious writers/artists/etc. that do not have sizeable offline followings in hopes of gaining attention, as their voices are often clouded out by the "whale" accounts. This is ultimately why many resort to using voting bots in hopes of getting their posts to trend and catch the eyes of others. This however necessitates capital expenditure and is not a viable long-term strategy if Steemit is to realize broad market appeal. Just my observations having been off and on the site since the summer.