Hey, @practicalthought.

I don't know that I can honestly say what has caused the value of STEEM to fall. I mean, there's a lot to point to, and it would certainly be proper if any or all of that were the cause, with Steemit Inc. regularly selling of theirs being a definite part of it.

That said, markets work on sentiment, and sentiment can be based on very little, and not really anything that could have bearing. Shares rise and fall all the time because someone wants to make money, so they sell, and that triggers a sell off when there wasn't any other reason to do so.

So, not defending the decisions that have been made. You know how I feel about those from previous discussions. I just don't see much rhyme or reason to any of this, or STEEM would be valued higher, regardless, based on technology, upgrades, case use, etc.

re: by default

I hope that wasn't the point I got across. I was trying to take care to show that yes, STEEM has its issues, but until somewhere else can match in community size, price, and then add better governance and whatever else, there's little reason to take off to somewhere else when it's going to be the same thing, or a variation of the same thing, on a lesser established platform that has less going on.

Unfortunately, we don't have awesome, beyond the technology, to work with. It is what it is, right? We can fight to make it better and take our lumps in the process, I guess.