Sure, but Dan announced his Steem competitor already some weeks ago - I don't think, that this will have a huge effect on the Steem price.
In the end, facts don't count much in crypto at all - if they would, Steem and EOS would be the absolute top 2 currencies in the market.
Many Steem traders don't even know, that there is something like Steemit or what this blockchain can do. The ignorance of the masses can sometimes be an advantage...
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Totally agree with what you said.
I think that @ned and @dan were a really good tandem - they were balancing each other. Like greed and altruism. The only thing that worries me about Dan's new child is business model. Who is going to invest if they do not have any chance on earning with it?
Since the balance was lost in STEEM, it has become a palace of greediness. Lets see what the competitor offers.
Yeah you are so right, people are buying a pegged currency without giving a thought what it does lol. If investors were smart enough we wouldn't have enjoyed $5 sbd. AGREED.
The Market moves based on FUD and FOMO, for the lows and highs.