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RE: "The Crypto Project that is actually being used by people is the best indicator of value that you can have"
Right now, most crypto success is built off of marketing. There are far too many people looking for the next “get rich quick” crypto and buy solely based off of hype rather than actual use case and research.
That is a very good point. Having said that I sincerely hope that steemit.inc plans on spending some money on advertising and marketing when the website and platform is "ready". Word of mouth has been great so far, but we could grow many magnitudes more with some advertising.
HERE IS THE HYPE
Computta
https://computta.com/?ref=268161
These guys have really figured this out. You can make money while you sleep, Just signup Download the free miner. There is never a fee. (not to sound like a shill) This is like a money drop! I will post again with details of my profits.
I guess we can't do much something about that. Many of us want to get rich.
The major draw about Steemit, at least personally readily observable, is obvious; like Facebook, people can connect with other people from all over the world and stay updated with the latest information. Unlike Facebook, Steemit is everything Facebook wishes it could be but cannot figure it out. If Mark Zuckerberg hasn't by now, all is lost for social media networks as we know it.
This is actually true across most asset classes in the beginning. Eventually the market develops and intrinsic value is translated to price performance.