Great Post. Followed!!!
I think the only real power that is sustaining Bitcoin is that it is most easily converted into USD, which makes it the defacto reserve currency of the Crypto space.
I mean, if I want to purchase Steem using USD, I have to go through Bitcoin (or Litecoin or Etherium) in order to "get me some".
If Steem really want's to take the next step, they need their own conversion platform.
Steem would go from $1 to $100 overnight if we could just bypass the Bitcoin gatekeepers.
Sounds like that's the case. It would seem like more trading activities = sustained price. I guess anyone can come up with direct gateways?