Yep, as Ethereum fully transitions to POS, it will be interesting to see what it can do. As of now, there is no reason any decent sized app could do much on it.
Like you I think bitcoin will always be there as the grandpa store of value token. It has first mover advantage and it has the name brand. The fact that bitcoin hasn't been upgraded much is a feature more than a bug in my opinion. Let it hang out there as the giant digital store of value in the back ground.
Other tokens with real utility should gain adoption and value, eventually. I would have thought steem in particular would have been much further along by now, but there are possibly a whole host of reasons why it is not, but that is a topic for another post. :)
Steem is a weird cookie. Id base its failures on the base incompetance of Steemit.inc.
I dont think there is any DPOS or POS blockchain out there that can have their main dev team make so many mistakes and still be standing.
That should be proof of how resilient Steem is.
If steemit.inc did nothing, put in a marketing effort and simply killed the inflation we would still be in top 20.
As it stands now wer in a really good place moving forward. We will need adjustment but as a 3 year old blockchain theres so much kore to expect from Steem. Where was Btc at 3 years old? Where was Eth?
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Well ETH is a bad example as it only launched about 8 months before steem did... but I get your point. :)
And the inflation is interesting. I feel like the inflation is needed to bring people in, but if the inflation is too much it crashes the price which causes people to not touch it. It's a delicate balance and one that wouldn't be as much of an issue in a bull market, but in a bear market... it's well... a bear!
Sure. But eth released full featured. Steem didnt. Smts are something that was supposed to come in its first year.
The bull market is short. Since the bear market is now almost 2 years long inflation hurts the price greatly.
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Good point. I mean it only took 3 years for the beta tag to be removed from the flagship app, though, with all the changes still being made it's arguable that the tag probably still wasn't ready to be removed. :)