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. :)