Lets assume it was not launched for the people who started it to profit.
Then lets just say it has a solid concept that is *NEEDED* and wanted.
Then lets just stop and pretend that people in crypto are ACTUAL REAL COIN SUPPORTERS
..and not just fly by night profiteer vultures looking to suck some BTC's out of anything they can.
Then we are still left with a glaring problem.
The idea of the coin Steem.
It was made bad by design on purpose.
It was intended to be "rigged"
It was never intended to be fair !
This has a two pronged effect.. REAL SUPPORTERS will not like that unfairness.
And the useless greedy little vultures will struggle to make any money off it.
Hence the death of it.
Death as in it toils in the abyss like thousands of others forever.. never fully dying.
One key reason is cheap coin buyers always buy the cheapest coin on an exchange.
In the hopes of it having a price surge.. so they make a huge profit of course.
This prevents sooooo many coins from ACTUALLY dying off for real.
STEEM ?
I did not need to know much about it on it's launch..
It had red-flags from day 1 as far as i was concerned.
The coin "gimmick" was far more than enough for me to avoid it.
I came to to support
currencies not Pyramid scheme "digital tokens" for profit.
So since i had no NEED for it's intended use i did not bother with it.
Unlike the guys who DID use it ..simply to profit.
No idea why you all don't get it.
It's simple.
Either a coin is fair and launched properly or it's not.
There is no two ways about it.
2nd of all is it a currency ? Or "Scheme coin" ?
If it is a "scheme" coin then it better damn well have one awesome scheme idea !
Sitting around thinking of ways to tack a block-chain onto *something* for profit is NOT legit people.
So these gimmick scheme coin tokens better have a solid concept.
How would you know ?
Ask any reputable investment adviser what to invest in and see what they say.
You think they will say mortgage your house and buy "penny stocks" ? LOL
Proper investment criteria is just a Google search away little kids.. get on it.
When you do you will see how to spot a good "coin"
Because it's called common-sense.
Does it serve a NEED ?
No ? Then it's shit period.
If the population do not need or have a HUGE demand for it then avoid it !
Do we need blogging on a block-chain ?
Of course not.. that is fucking stupid.
Do we need smart contracts / DAPPS / APPS on a block-chain ? hell no.. retarded
What do we "NEED" ?
Well for one thing an innovation over the block-chain concept.. we need to look beyond it.
Well here is one example..
If there was a system that integrated TORRENTS that helped prevent them from being taken down
then yeah we have a "need" filled..
As it is now we have Torrent Index sites being targeted and taken down.
No thanks to Coinbase who just helped take down the biggest one on Earth.
Prime Coin (XPM) ?
Served a need ..science work ..calculating Prime Numbers.
Starting to see through the glut of retarded shill tardery here yet guys ?
The NEED ..is not profit guys.
The need is a currency.
One of the fathers of shitcoin cloning wrote in his forward to his many Crypto coin cloning guides.
That "he does it for fun & profit"
AKA: You're dead in the water from the start.
That is a bad motivation.. doomed to failure.
Sooner or later you will all have to get smart about this shit.
Kicking & screaming it will have to happen one way or the other.
Wanna be scammy little pieces of shit then buckle up for the looming nasty regulation.
Don't think this will all be guaranteed to continue like this until we get to 10,000 coins.