The biggest problem for projects like Steemit is that for now, all crypto is lumped into one with Bitcoin meaning it is very difficult for any project to establish its own value as the market will follow Bitcoin.
The biggest problem for projects like Steemit is that for now, all crypto is lumped into one with Bitcoin meaning it is very difficult for any project to establish its own value as the market will follow Bitcoin.
It is true, it is the problem of centralization, however, the value is not only measured in the price, but also in the community, a solid community can withstand the storm, a weak community, sinks when the price sinks.