Yeah conversion costs are a set back - I'm sure there will be another market run for Steem and SBDs whenever SMTs are launched, though developmental updates have been few and far between, which is disconcerting. Nevertheless, I think the crypto market as a whole definitely has room to grow. More serious fundamental analysis is needed though. Too many projects are being launched in hopes of riding the collective wave of success, yet most have very little to offer in terms of value added to the improvement/innovation of the overall space. Will be interesting to see how capital flows shift in the coming years and which blockchain initiatives ultimately rise and/or stay at the top.
RE: UBI 23-3-2018 update, consolidation phase