Such a tragic event, our dreams of coming rich from steem would be "mooning" are long gone. But yet, maybe this sudden certainty might, in fact, become a blessing for many people? why would that be? let's take a look!
A certain future brings a certain carrier
The thing with the steem blockchain is, it's not just numbers like bitcoin. We are having a branch here and a product that actually can with enough effort, work as a job for many people.
I am putting my soul into writing and blogging because I love it and it gives me the ultimate freedom. But I am also at the moment, gambling with the effort I am putting into it. Right now there's no certainty where steem will end up.
Will it all crumble to the ground or will we find success in the attempt to mass adopt and tokenise the internet? That is the true question here. Maybe one-day cryptocurrency all together will be banned from all of our countries(imagine whole EU took a step towards this direction) and while I know some people might say "they cannot do that", well, I think if people would risk going to jail for it... the masses of people would stick to the banks.
But Imagine if all of this uncertainty in not knowing, "am I working and putting my energy in this for nothing?" would be gone.
Imagine a world where the PRICE of steem would never rise or fall, but stay strong at 1 dollar. Would this truly be that bad when we trade it for certainty?
Surely my greedy part would say "No, I want to moon". But my longterm opinion with the goal of creating something of myself on the steem blockchain would be calming and maybe allow myself to even put more energy into it.
If the product works, who cares about the price?
That's the interesting part about steem I guess, that we indeed are a utility token and a special one at. The price truly doesn't matter too much in the end as long as blockchain doesn't shut down. Surely we are getting "paid more" when prices are high but maybe that's a luxury that we should not hope for.
Do I still believe that steem will rise in price?
Of course, I do! I simply don't see a reality where this would not be possible. Maybe I am biased but when you put up the facts, the odds are high for steem to blow into infinity and beyond.
All I am saying is, if it should happen that we always would be stuck at a low steem price, maybe it is not that bad after all.