If every developer got together and focused on this one project for a week and launched it within a month steem probably would be the number one crypto in the world. This same project could then easily be adapted to other things as well. Maybe the blockchain couldn't handle this massive growth overnight? What if they charge a fee for use initially? This would slow down the growth a little but it would still boom I bet. I have read that now steem handles more transactions than bitcoin and ethereum combined already.

I think steem is in an upside down bubble if that makes since...Way undervalued but I bet this is to allow people to get in still before it goes up and then steem really does have the bragging rights in crypto world for making the most millionaires ever at one time in the history of anything.