Interesting thoughts regarding the altcoins. I imagine that would only affect the smallest of the small altcoins though? I only have about the top 50 altcoins on my watch list. Steem is doing it's best to slide down towards the end of that list.
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My personal opinion is that all the new altcoins that launched this year will push the older coins up when it's time to cash the profits. The market is with the coins that learn from mistakes made by other coins and don't try to keep up with the latest "improvements" because those changes are where all the serious bugs have been introduced. Delaying adoption of new features and changes by for example six months gives time for coin developer to add any fixes found in the mean time to avoid negative publicity. It also tests skills of the developers if they can find any bugs or regressions that have not yet been discovered but should also be fixed.
Very true. How do you see steem faring over the next couple years?
Steem is like rollercoaster... Its value has high ups and downs. SteemIt needs to improve to keep newer writers interested. It seems like small number of editors get most of the income which is a bad sign in cryptoworld.