All of the above.

The nonexistent representation at notable crypto conferences such as Consensus is perhaps indicative of a lack of willingness by Steemit Inc to stand up to thorough scrutiny from the brightest minds and deepest pockets in this growing market.

The months long silence from the CEO of this platform demonstrates negligible engagement with its users. The failure to meaningfully update on the developmental status of SMTs further attests to this.

The continued governance issues that remain unaddressed, coupled with the inordinate control that Steemit Inc has over the Steem supply, will continue to constrain mass adoption and thus the market valuation of the blockchain.