I agree with @mysearchisover - Steem can't be de facto money. By its very nature, crappy and cancerous shitposters will always bomb it, and I guess in the long-term it destabilizes its value.
Volatile assets are still terrible for being money, this is what's gonna be the demise of Bitcoin, too.
I think in the long term Steem will do well.
SBD is a lot more stable and seems a lot more like a currency to me although it is "pegged' to the fiat dollar which could be a downer.
Yes, and this is the reason I'm not a fan of SBD.
I also agree to some degree. But I believe the volatility we see in cryptomarket will find stability over time. Its just a new market and prices swing up and down because of this.
Understandable, the last months were quite calm. But recent events shows that it's still too easy to manipulate.