Great article. I want to raise an issue on STEEM that none of us probably wants to consider, but that I think is important to....

STEEM is unlike other currencies when it comes to valuation (even true value based valuation) because people are earning it to sell and live on. All those people will always sell STEEM at any price they can get for it, thus putting continual downward pressure on the price.

Only new people joining the platform or those who come to understand how the 10% annual benefit, delegation for interest payments, vote selling, etc. work have a reason to buy STEEM regardless of what's happening with the price. But more and more people have a reason to sell it regardless of price movements. This is especially true for global participants, but even someone from a rich nation like America, if they buy food with their STEEM earnings, well you gotta eat!

This concerns me about the future ability of the coin to reach its true value in the marketplace.