Very enlightening I must say. The system is way more complicated than the "blogging platform built on a blockchain" front and there's a lot of research and programming skill required. Does the fact that steemit blockchain has a more advanced mining protocol than most mean that the value is inevitably going to rise sky high?
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It is technically the "Steem blockchain" (Steemit is built on top of it). I think there is a huge amount of potential here, and I think we have one of the best blockchain projects in existence. Only time will tell if the market will see value in it.