Steem has been promising communities since late 2016 and SMTs since 2017 if I remember right. These things take a long time even for Steem.

What I'm saying is that while Steem is like Reddit, Tauchain is going to be like Google+Facebook. It's going to have social features as well but only much much better technology than that which powers Steem.

If you want you can compare Tauchain to EOS but even that would be unfair. Nothing else exists in the crypto space which is similar to Tauchain tech. So truth is Tauchain should be 1 billion market cap if we go on tech. I am conservative because I know community is what matters not the tech.

So while Tauchain has novel tech it still has to develop a community around it which I think it can do but it takes time. So I compared it to Lisk, which is where I think the market cap could and should land in the next few months based on community. If the tech works then things can grow very fast to the Tezos level in terms of market cap.

Tezos with all it's legal problems is still nearly a billion dollar market cap. Why? On novel technology alone really. Btw I agree the market doesn't make sense. Steem should be over a billion market cap but you are right the market seems to think long term on one hand but then speculators are focused only on short term.