What matters is that if the crowdfunding effects of, at best, future expectations of value and, at worst, irrational exuberance can be leveraged into a relatively safe mechanism to bootstrap decentralized products and venture capital-less companies, then what we have here, Ladies and Gentlemen, is a highly disruptive economic technology.

What if entire industries could leverage speculative value found in cryptomarkets not only to bootstrap social networks at scale, but also airlines, telecoms, and solutions to global-sized problems?

When we've talked the last few weeks, this is the lightbulb that's gone off for me. Speculative capital may not work in other cases, but if that's what Steem is, it's working here.

Steem as a blockchain and as an economic system seems almost sentient. It's an adapting market entity that rewards people for making it better. We have no idea what Steem will look like in 3 years, maybe it's not around and has flamed out (I doubt that will happen more every day). But Steem is giving us a model for how ventures CAN form now.