Agreed that is a possibility. But then it might just be me, but I think there's a disconnect between participation on Steemit. I mean the trades just don't reflect the presence of respective nationalities on Steemit. Again, its a wild guess because going by trading volumes, we should have a good number posts from South Korea; don't you think?
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The South Koreans buying the coin don’t care about the Steemit platform. Steem (and SBD as a result) are so much more than Steemit. They are quality cryptocurrencies with real world uses and investment value independently.