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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in #steem7 years ago

Steemit.com is very poorly managed. The leadership is even open about the fact that steemit.com is basically a toy, just to show STEEM blockchain is running.

They are focusing development efforts on SMT. Which may or may not pay off.

So the only current practical use of STEEM is the the blogging platforms, steemit.com, esteem, zappl, etc.

And the quality of results is hit and miss. And with POS, you are always subject to getting randomly attacked by a drunken whale who goes into a rage for unknown and unstated reason. Hi @fyrstikken

So if you were an investor you want to put your money into that mess??

The alt coins that pump up have all recently been the ones that show working practical linkage to real world use cases and applications.

Slightest bit of news about a real world use case, and the alt coin price will jump.

What new real world use case STEEM shown in the last 12 months?

You dont get price pumps for talking about a future roadmap or a future technology like SMTs that may or may not be adopted

You get price increases for what you have working today.

STEEM has steemit.com And Steemit.com has a lot of flaws, that will limit it from ever going into a mainstream platform

That is the answer to your question.