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Can someone explain to me why this pile of shit website has a

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Can someone explain to me why this pile of shit website has a market cap in crypto of $400m? Bunch of koolaid drinkers posting on it and the content is horrible and the website lags and sucks compared to reddit.
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Didn't think so.
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This is you coming to realization we are in a bubble OP. Tons of start ups with literal no real world use or purpose valued at multi million dollars. Steemit isn't even the worse example out there either
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>>2703289
I was under the impression that the whole thing is decentralized and running on the blockchain.
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>>2703289
Just fucking neck yourself OP, steemit has been around longer than you have.
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>>2703350
Who cares? The website fucking blows. Who cares if it's decentralized and running on the blockchain? It has ZERO mainstream appeal, and zero appeal to anyone who isn't invested and just want to create a fantasy world where the website is great and the coin is valuable.

I don't understand this logic that just because a site is using blockchain that suddenly it's worth something, even though the website blows
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It's taking forever to activate my acct, wtf I have confirmed my email and even passed the SMS
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>>2703392
On a second thought, maybe it's the 4th of July
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>>2703379
I guess you haven't made any money of your posts, eh buddy?

Awww.
>>
Because reddit is morbidly shilled
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