I like to keep it brief and get to the point, just like during sex - wait what!?
I remember how big companies bankrupted little milk farmers in Europe by dropping prices until your next door farmer couldn't do it no more.
I assume the same thing is happening to the crypto world.
Zuckerberg announced at the beginning of the year that he wanted to concentrate this year on entering the crypto world. I assume that while his employees work on a blockchain tech, Zuckerberg is making sure that his blockchain entry will be a success and explosion in worth for his company that never pays any taxes.
My suggestion for the steem blockchain and other alt crypto currencies who want to survive this year is to stop being bitcoin's shadow and make yourselves available for fiat directly.
In My Opinion the Creators of these Blockchains and Platforms + Investors and Users who have put in so much passion and hope are wasting their time at the moment! Simply because all Alt Coins are following Bitcoin's lead - and it's going down. Steem has lost over half of its worth just because Bitcoin said so (with two exceptions when Korea invested). Although it's a sophisticated blockchain that seems like The Flash is racing John Malkovich, it follows Bitcoin's bidding. I assume the big guys to invest in crypto soon when they think it's cheap enough - Soros is investing although calling crypto a bubble first. But I wouldn't get distracted and hyped up by that. After surviving the crash Steem would follow back up but there is always a next crash and Soros has always been bad news for currencies all over the globe.
Time for Steem Block Chain to stop holding itself back and leave Bitcoin dependency and do its own thing.