Yesterday Steem Inc. came out with amazing news about SMT's here
from the post:
With SMT development now done (just awaiting review which could reveal minor additional work) the next major announcement from the blockchain team will be the release of the testnet which we expect to happen in 1-2 weeks!
But the reaction of Steem Community can only be described as subdued.
I thought that was rather funny. We have been waiting for these things forever and now that they will be on testnet in 1-2 weeks everything is quiet.
I think it has a lot to do with the crypto markets in general.
Everything is subdued. We on Steem had a small euphoric moment with the introduction of #newsteem but even that is fading a little bit now.
I am developing maybe a little bit of a more realistic mindset about Steem aswell.
I had an interview with Matt Rosen from Splinterlands not too long ago and I liked his down to earth look on crypto and Steem.
Ultimately he thinks that the value of the STEEM token should come from businesses developing on Steem and I think he's right.
This is the market cap from Steem Monsters vs the Altcoin market cap.
It says a lot. They are creating real revenue and real value.
I would love to see more of this.
This subdued mindset reminds me of a lot of the mindset that was on Steem at the beginning of 2017.
I talk about it more in my vlog.
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