ETH recently went up by a massive amount/percentage i think, and im not sure if that has anything to do with Vitalsky announcing or polling maybe more if it wouldnt better to cap the max supply or not ... something steem(it) has never even considered.

BTC = gold , what is the use of a brick of gold in a safe deposit ?

nothing, but
value !
thats all there is to it - crypto-madness is much akin to the goldrush of old, people flock and HODL because someone somewhere found a massive chunk of ore (to stay with mining terms) ... theres zounds of people holding six or more zero-digits of coins that are worth basically nothing
for what reason ?

steem as a utility coin never got off the ground ? i dont know how 'old' you are here but it actually DID ... it was over $7 and they let is slide , partially (nay, mostly local whales in a war on content selling off combined with a global sell-off)
they have themselves to blame a lot, inability to adapt, a VERY weird idea on how 'the masses' have to be onboarded (does this place look like it would attract the common denominator and the middle of the bell-curve ?)

Vitalsky (the centralized great leader of the de-central illusion of Ethereum, but as is ETH so are all the NEO-chains, they revolve around a very few people who dictate and lay the law and have in effect absolute control, same here ... Justin Sun coming in could have disrupted it but he claims to change nothing ... which is weird since i dont think they were doing too good)

and i also don't think its ETH , to STEEM (both big Ned and big Justin who are now whale ichi and ni) its EOS ...

larrimer <-> scott

TRON -> Eos/block.one Voice ... it all comes together at the same times

XRP is kept low on purpose (as i hurrd) by the 1e100 for reasons that are, theirs , mainly to facilitate flow as an actual means of payment

and here ... looking at price movements, im about 80% sure STEEM is artificially kept as well, mister Sun buys in, it spikes, 48 hours and its back where it was, a few people made a lot of money and the price is low

(assuming the facebook masses will suddenly decide they want to get on a pay-to-post platform where anyone with just one more STEEM can downvote their money to zero) its just alike a move to try and facilitate buying

you get a lot of numbers for your buck and for some reason that seems to hypnotize some people , even if the actual dollar value aint all that, being a 'whale' with a few 10.000 dollar seems to be attractive
although from a practical and financial point of view that's just a word and a title and its folly :)

also = STEEM (the currency) is not STEEMIT (the platform) - i got excited when i read they were gonna merge it with the TRON-net

and then two days later they werent gonna change anything at all and they roll out something they were talking about when i signed up 3 years ago :"communities" ... (which is basically hives with a nametag) which was in beta and gathering dust, so that was like

the supreme anti-climax so

here's hoping Justin Sun has actual plans and doesnt leave the steering wheel to a company that has by now proven for 4 years to be unable to do anything but create a pension fund for about 20-30 people on top (who keep each other in place)

... (rejoice ! for it is rare to get an answer , right on this)

fabulous platform ;-)

hm

guess i should get a new card lol ...

they're gonna go against EOS voice (in short) im sure that was the plan BUT i fear if they gonna try and BE the next best facebook clone instead of playing their own strength (which here is speed, tx-free and automation , the latter which seems to be deemed evil by some who have no clue) they might be in for cold shower ... Justin Sun won't hurt too much xept his ego but the rest doesnt have all that actual wall-street money, do they, they just pretend to be rich kids hahhah

sarc ... have a nice day ...