RE: Through bull and bear — endless potential through endless chains
Dan, another great essay. Beautifully written.
My only quandary while reading was that of "critical mass." The viability of any blockchain, irrespective of aspirational intent, is dependent upon its adoption by a network of users. And, at some point, there is a number below which it simply does not function. There is an "emergent" aspect to all this and the positive feedback loops required to make everything work simply don't happen.
STEEM/Steemit currently has approximately 12,000 active users. Whatever its critical mass, it cannot be much lower than that. The same could be said for 98% of cryptocurrencies ... and any potential spin-off of STEEM.