A while back we were joking around in Discord about the concept of hope, and mocking the idea that fiddling with Math is going to fix Steem.
The conversation made me contemplate the idea of a great come back for Steem. All indicators say no... we are dropping in satoshis, dropping in active users, dropping in payouts, dropping on CoinMarketCap and struggling to find a vision.
I wonder if there is still a table of optimists at Myspace hoping the next CodeDrop will bring about features that will allow them to recoup the number 1 position from Facebook. :)
I imagine they sit at the same table at lunch and brainstorm what they could do to compete with top social media sites, I bet some of them have learned to be okay with where they are at, while others still hope.
Often once a well-known project has dropped too far they have to go through a rebranding phase or make a huge story, in order to get rediscovered. It is pretty impossible for me to imagine that, but it doesn't mean it can't happen.
Before this makes you too depressed though.. Steem the blockchain doesn't have to be the breakthrough product. It could be a game or an app. Or slow growth of many games or apps. Or we could just continue to hope.
I'm not sure what will happen it's still a very young market but without serious intervention I kind of chuckle when I hear some of you still talking about being a top 10 crypto. I have no idea what you are basing that on.
I do hold hope though. I hope we rise and fall with the markets, I do hope we will have some decent pumps, some new Apps, I do hope we gain a better distribution and who knows over time we could begin to build some value.
I think many will continue to make Steem work for them.
And some will just hope....
We will not know who is right and who was wrong for a long time...
