I live in Israel and I've been dipping in and out of the incredible startup scene here in Tel Aviv for years. There are plenty of projects I've seen and founders I've met which have failed or succeeded but it is only within the crypto space that there seems to be this tying of an almost arbitrary financial value to a project. The dynamics of how this affects development is fascinating to watch.

As a method for sharing the cost of jointly used resources, Steem does seem to be arguing and consenting toward a useful model and it gives me quite a lot of confidence that this is a good way for disparate groups to work separately but together.