— SteemCN

Clif High reports about Steem in his June and July issues.

Steem

Curious Crypto Compendium! June 2017
Steem is a multiple layer 'coin' that is defined as a 'coin' within a 'social media'. The platform is as any other social media, lacking censorship, however, the 'coin' component is less than robust.

The Steem coin has limitations due to the required 'popularity' component to advancing within the 'Steem system'. The 'popularity' aspect, and multiple 'tiers' within the system in order to 'cash out' Steem coins place the 'Steem coin' more in the social, or brand token market, rather than mined coins backed by blockchain processing.

The Steem coin is indicated to be very cyclic, that is to say, it will 'react' to 'waves' of 'discovery' by various groups, large and small.

As these new groups try the Steem platform, they will boost the perceived value of the Steem coin, albeit, very briefly. There are no supporting numbers for Steem as a coin within the data, nor are there many references in the longer term sets for Steem as a crypto currency as 'we know it today'.

The platform of Steem does have longer term values associated with it, however, as noted above, there are apparently a few growth pains to be encountered.

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© 2017 by clif high for Halfpasthuman
...Curious Crypto Compendium! June 2017 All rights reserved

and next months report

This is a popularity token on the social media platform Steem. It is traded, albeit in low volumes. Its vulnerabilities come from no external sources of value flowing into the Steem platform, thus the Steem coin is banking on presence to make it an effective trade with other cryptocurrency offerings.

Its largest vulnerability comes from the non-earned method of acquiring the token. It requires that one be popular on the Steem network in order to get 'up-voted' such that more Steem is sent your way based on the internal popularity algorithm.

Some persistence showing up in the data about the platform but not the coin. Punt potential

(Punt = acquire with awareness of risk, potential for immediate release pop, likely followed by near term drop and uncertain future prospects.)

RE: Many People Said Steem Would Rise, But It's Dropping.

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