that's right. there is a an attitude amongst the bitcoin faithful that 'appcoins' are not likely to be broadly successful. But I don't think they have considered the fact that through the inflation tax mechanism as demonstrated on Steem, that you can solve the very serious problem of content monetisation, given some careful engineering of the mechanisms to prevent gaming the system.

I personally don't see Steem as just an App Chain, because it also has a fixed ceiling on the cost of running the network, transactions are POS grade fast, and lastly, monetising media and solving the copyright problem for paying artists and designers, this is not an App Chain. This is a Killer App Chain. Everyone has something to put out there. This is not just money, but culture, and culture is rightly the majority of what humans concern themselves with.