When steem SMT is released you will see the power of steem. Unlike ethereum, even if you have the tokens you need to pay gas to transact with them. This makes it very cumbersome for the token owner to use the tokens for transactions.
With steem, there is no fee when transferring the tokens. Not to mention the speed of the execution is faster almost instant compared to ethereum. This makes it easy to use the tokens that were issued in steem.
The only disadvantage i see in steem now is that it is very hard to create an account in steem. unlike other coins where you just download and open a wallet, with steem you have to apply and wait to be approved. It also costs steem to create a new account. This to be me is the biggest barrier for mass adoption in steem.
If we can fix this somehow, steem can easily go to moon.
If you appreciate my analysis, please give me some merit. Thanks.
Your analysis is 100% accurate. This is what Steemit is. Also I think if curation can be tweaked a bit to help new authors with good quality articles, then it would be great. Most new Steemians who write excellent quality articles don't get the visibility they deserve. When you get just $0.01-$0.1 for a highly detailed and useful article, then that demotivates you. I have come out of that phase, but I have seen many Steemians still struggling there. If all the whales and dolphins contributed some time finding quality articles, then Steemit can easily replace Medium and Reddit!!
P.S. I have given you a merit just because your post was of high quality and very accurate. But I think you don't need to request for merits. That kinda pulls back the hands of merit donors. 