Technically it's a blockchain that is implemented as a social media platform. I don't believe it is decentralised. Maybe it will fully evolve into a DApp platform of sorts but I see that as a mutation from its original design. The opportunity to become a globalised mainstream digital currency is fading and I don't see that happening on current course.
Hey, @buggedout.
Yeah. I think a lot of people, even among those who have been here the longest, have lost the vision of the globalized digital currency. I don't know if it's just going with the flow, or it's just too hard, or takes too long, but it seems like the efforts are all in on dApps or SMTs (at least as far as the user public is concerned), rather than, how can we get people to use STEEM now.