Dan and Ned ought to be considered heroes for investing Steem.

Looking closely at the whitepaper it can go a lot higher than $3.67, higher than $5, higher than $10. It really depends it seems on the amount of users Steem is bringing.

It may even prove a thesis that the value of a cryptocurrency comes from the community and not the code, not the spent electricity, but the community of ordinary people. It might explain why Bitcoin isn't growing like it did when Bitcoins could be mined with a GPU or CPU. It might also explain why Bitshares never caught the mainstream attention.

And to think, the referral program isn't even activated yet. Steem still has the ace card.