As promised, here is my first in-depth analysis of a cryptocurrency using the outline that I formatted in my last post.
Found here: https://steemit.com/investing/@elderfinancial/my-in-depth-outline-of-how-i-analyze-cryptocurrencies
What better way to kick of this series than with my favorite crypto.
It is my pleasure to introduce to you, known as the "Chatty Kathy" of crypto, for its constant barrage of blogs and information sent through it's networks, STEEM everybody!
-George is the best clapper!
1.) Coin Basics
a.) Length of time coin has been on the market
b.) How many coins are in circulation vs total market cap
c.) What is the inflation rate?
d.) What is the volume of the coin being traded?
e.) Recent activity of the coin?
@stephenkendal2.) Technology & Direction of Coin
a.) Is this a unique idea or are they building upon something already established with a new twist?
b.) What is the possible market cap?
c.) Are the current transactions use cases or speculative investments?
d.) What is the direction the company is heading in?
@timcliff, a witness of the Steemit network, on his reaction to HF 19 and what is has provided the network.“Goals,
Our long-term goal remains the same: to provide the best platform for censorship-resistant publishing and store of value to the widest user base possible, in an effort to increase human freedom and accelerate the spread of access to basic rights for all people on Earth.
In doing so, by growing the Steem Blockchain, we will have created a permissionless, censorship-resistant data layer for the entire Internet. The first obvious application is publishing, but the possibilities for applications on the platform are limitless. Vastly expanding this community has the notable side-effect of placing STEEM in the forefront as the ultimate blockchain-based currency.
Our primary short-term goal is to drastically increase the number of weekly signups, weekly active users, and weekly social interaction events on steemit.com. It is our belief that in our attention economy, more readers, reading more writers, performing more interactions is the single best way to develop the overall value of and to the community, and thus the Steem Blockchain and its economy and token.
Simultaneously with user growth, it is essential that we provide support and resources to entrepreneurs and developers building upon the Steem Blockchain as a platform. We recognize that steemit.com will be only one of many killer apps built upon the Steem Blockchain, and it is our goal to empower as many as possible who wish to build upon our platform and incredible community.
To this end we have established a set of priorities for the near future upon which to focus our efforts.”
Link to the roadmap: https://steem.io/2017roadmap.pdf
e.) Is the coin scalable?
@dantheman on 
@cylonmaker2053 post asking, about the scalability, security, and points of failure. “In terms of website performance our underlying technology can easily scale. The primary database that powers steemit is the C++ code that runs the blockchain. This database is trivially replicated and kept in sync across the globe. (The power of blockchains). The internals are based upon the graphene code which is about as efficient as any database can be. I see no problem with scaling our database or our front end assuming we have steady / predictable growth. In terms of security, it is something we take very seriously. It is also something that is very difficult. Overall, our security is built on better fundamentals than most other blockchains for the following reasons:
99% of the value is time-locked and secured by owner keys
99% of activity is done with posting keys which don't have access to spend funds
Keys never get sent to the server
In the event our server is compromised, only users who load compromised HTML from our server are vulnerable. If this were to happen then most users would only have their posting key compromised. Fortunately, this does not compromise their funds. Some smaller set of users who login to do financial transactions with their active key could have it compromised as well. In the long run, the best security will take the form of a browser plugin that manages your keys and prevents Steemit.com from swapping out the JavaScript that loads your keys and signs messages. We are taking measures to deploy watchdog bots that automatically detect changes in the deployed HTML and alert us to changes. Nothing is perfect, but in terms of performance, scalability, and security I am sure our team is up to the task.”
Here is a link to the blog post: https://steemit.com/steemit-issues/@cylonmaker2053/steemit-infrastructure-security-scalability-and-points-of-failure
3.) Development Team
a.) Who is leading the development team and what is their history?
@lovejoy and 
@roadscape of “Cryptofresh Pictures,” interviewing @dantheman covering topics such as: blockchain tech possibilities; Bitshares and Steemit. -Note: March of this year, Dan publicly stated that he would step down as Steemit’s lead developer as he was working on other projects.
@ned runs the business side of things. 
@acidyo https://steemit.com/interview/@acidyo/re-post-due-to-popular-demand-ceo-of-steemit-ned-scott-interview-on-nyse 
@ashe-oro to be very in-depth and helpful to have some insight into Ned’s thoughts and views about Steemit and blockchain as a whole. https://steemit.com/introduceyourself/@ashe-oro/hello-steemit-i-interviewed-ceo-ned-scott-on-steemit-com-the-future-of-social-media-liberty-entrepreneurs-podcast b.) Are the leaders likeable?
c.) Who makes up the development team?
@steemitguide https://steemit.com/steem/@steemitguide/steemitguide-what-is-a-exactly-is-a-steem-witness-and-why-every-user-should-vote d.) How has the team responded to problems that have come about?
4.) Community & Public Interest
a.) Number of transactions that are taking place per day on the network?
@arcange, someone that I follow and read often. https://steemit.com/statistics/@arcange/steemit-statistics-20170711 b.) Alexa rankings?
c.) Social Media Pages (Reddit, Facebook, Slack, Twitter, Instagram)
d.) Community behind the currency?
I hope this analysis met your expectations, as it is my desire to create a place you can learn and build upon the knowledge you already have.
I believe that we are in an age of information, but we must find ways to maximize on the information we are presented with.
I hope by reading my reports you are all able to maximize your time and information processed to make the best investment decisions possible.
Thank you so much for reading and please leave comments below with anything you would like to add to the conversation, or would like me to put into the next report.
Cheers,
Nick
-Disclaimer- All the information on this blog is my personnel opinion and should not be considered professional financial investment advice. All information on this blog is for informational purposes only.
