Hi Oscarp.
Thank you for your interesting post!
Maybe the reason lies in the strong growth of users, but only a moderate growth of Steemdollars. In consequence the average value sinks. What do you think?
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Yes. That may be the case. What I'm willing to believe is that there will be an exponential growth in users and more linear with users that will eventually converge into something stable! For non-believers, this progression might help them understand the potential of the network effect [1] on STEEM.
[1] https://www.wikiwand.com/en/Network_effect