Well in the last year the effective inflation rate of STEEM was over 17% because of the price situation with STEEM Backed Dollars. It would be a long time before the inflation rate was as low as it is with Bitcoin or Litecoin currently. That is my worry and it is so much easier in a lot of respects to get STEEM than it is to get Bitcoin or Litecoin without spending a bunch of money on electricity for mining in the normal sense.

Steem certainly has the first movers advantage on this type of blockchain blogging platform and the most liquidity. Most of them can't ever get to a point where there is enough liquidity in the system.