The techchat team are strong believers in Steem. We have shifted our focus from evaluating steem short-term and looking at it long term. The beauty about Steem is how it allows developers and entrepreneurs to build apps by directly accessing the Steem blockchain.

Think about these various applications like lenses looking at the Steem blockchain. For example, Steemit is just a lens on the Steem blockchain that shows a social media platform that curates content based off of votes and reputation. Steem has a tremendous amount of room to grow and if executed correctly - we believe there will be tens of thousands of applications that can be looking at the Steem blockchain.

As a reference, in August of 2016 Ned Scott, CEO and co-founder, declared to CoinDesk that entrepreneurs and developers have already created 50 different tools over the Steem blockchain network, like Catch a Whale, which tracks where whales have recently voted, and SteemMarket, which lets users buy, sell and rent goods with Steem. Ned said: "The people showing up to use this are going directly to the blockchain. We don't have the authority to tell them not to. In fact, we implore it. What we set out to do is build an ecosystem and that’s exactly what’s happening".