Good question, first yes the white paper is now out of date but still a great source for information if new as it gives you a general idea. In general steemit is still in beta and in its early days, it as been said this low price was actually already expected and that the real value would come much later in about 6 years time. I cant obviously speak for the whole community but in general most people have already given up or are waiting to come back once the price goes up again. But there are still many of us here who strongly believe this will turn itself around and when it does we will be here more then ready.
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