I think the rampant abuse of vested stake under "money-printing-mentality" and circle-scams that do cause the biggest downwards pressure
I don't totally agree with this. Most people in crypto don't care about abuse as long as they can profit from it, 99% of coins are abuse because they have no utility or working product, yet speculators are buying it like hot cakes. Same goes for ICO's. The issue with STEEM is that people have to lock their funds in order to abuse the system, that's something speculators don't want to do. Also the general idea that steem lacks a revenue model is something holding investors's back. SMT's that want their price to grow will have to integrate some kind of revenue model because investors are uneasy with the concept of giving free money printed out of thin air ( we can agree on that point tho)
RE: Can STEEM ever become a reserve currency?