RE: Is Steem being held back on purpose?
I don't really think Steem is being held back purposefully. All markets are plummeting at the moment, so it stands to reason that Steem would too. However, I find the possible comparison to the dot com bubble interesting. It came up somewhere before and at the time I thought that as much as people criticise that the bubble was a flash in the pan that is now over, the internet is still going and has become a part of the daily lives of most of the world. Yes, the hype part is over, but that could well have been the thing that caught enough people's attention to get everyone slowly on board. Could crypto head the same way? The huge price leaps and the people who got rich on them may be coming to an end, but it got everyone's attention. If it can now move forward as a useable day to day currency, we could be using it for years to come.
Posted using Partiko Android
I see Steem somewhat like the internet that supported the dot com bubble as it is able to hold a great deal if independent projects that can be invested into but, has the benefit of being an investment vehicle itself. No one could really buy into the internet globally, it was just the infrastructure that housed projects.
That's a good analogy. I do think Steem has taken the next step forward for the crypto world, bringing it into a realm of every day use possibilities.