One might rightly assert that steemit.com is more important to Steem than bitcoin.com ever was to Bitcoin. Not only that, but bitcoin.com never really demoed the Bitcoin blockchain in any meaningful sense.

But here's what we can learn from the steemit.com demo: Have a revenue plan.

If you're going to provide a product or service that depends on the Steem blockchain and you can't show how you are (or will be) profitable, there's something wrong. Steemit, Inc. depended on asset growth. It didn't work. Can they recover? Hopefully.

The good news is that the blockchain is completely unaffected. Yes, tooling suffers. API access suffers. All that. It doesn't look good from a PR perspective. But there's nothing fundamentally wrong with the technology. In the wake, we're still seeing apps like Utopian ready to seek investors. You could say they depend on Steemit, Inc. to delegate, but hopefully that's temporary.

In the grand scheme, I think Steemit, Inc.'s current troubles are a blip.