Ethereum offered something obsolete, that is now available thanks to sidechains, smart contracts, which is just a tiny part of what Bitcoin will capable of.
The altcoin space is changing, its evolving and is asking for something solid, that is not only an idea of what could be useful, but something that already shows it can work and its used by many people.
STEEM indeed is a whole different story, it shows and already works on a user driven marketplace that will change the way blogs work and will reshape the way internet is structured.
We have to think forward to understand what's going on here, because I think it will enable artificial intelligence to enter blogging with the most machine-friendly environment there is. And I'll talk about this in the next few posts, focussing on how autonomous agents can create content, focus on what pays the most and upgrade their power to create a subgroup that basically enhances itself. Do you know how bots work on the financial markets? They use algorithms that understand retail activities and give price action a structure that let them think a trend is forming while it isn't. An artificial intelligence capable of understanding what keeps readers interested and entertained will be the next big thing.
But this is not only about AIs. STEEM is the best way people have to not only create content of value, but deciding what is worth reading, enabling other people to assimilate and deepen that knowledge which is already defined as interesting and empowering for all.
This is the whole purpose of the internet, when looking at things on a bigger scale and it's what gives STEEM already an established use case which every other altcoin lacks, a part from washing Bitcoins.
This means STEEM is not only speculation about its value, and offer and demand are completely different when it comes to this environment because supply is driven on a different time basis for users than other altcoins, so it is difficult to understand at this point in time how this will affect market movements, that in theory could be more linear than others.
While Ethereum is in a consolidation pattern to go to new lows:
Steem is gaining steam and this feed of activities shows just how far we already are in users activity on this platform http://steemstream.com/
This information is not read through the blockchain but from an API on top of it, so the activity of all the STEEM network is MUCH higher than this!