Buy the rumor, sell the news. EOS is hyped to have a mega announcement on 1st June. A DApp that can outcompete the number one DApp on planet earth, Steemit. The supporter or pumpers of EOS have made lofty promises on solving economic issues of social media. It has probably dampened Steem's price and ranking (40 vs 60) in last couple of months.
Most likely, the economic issues of social media is more than a rocket science. There is no unique solution. MEOS is rumored to have one account one vote, very similar strategy that most common social media used. However, free coin based (i,e, no stake) on UBI have not been seen any success. Most of the UBI based coins such as Manna or Swift-demand have low values. Moreover, system can be easily rigged by buying high number of human votes form low income countries with payments. It is a flourishing underground business to buy Facebook, Youtube or Twitter votes casted by real humans.
Most probably solutions to reward distribution lie in trials and errors. Steemit.com is trying different policies for the last three years and have seen moderate success. Reward distribution should mostly delegated to particular DApp with TOKEN. For example, @steemhunt, @actifit, @dlike, @partiko and other DApps are experimenting with their own distribution policies. With lots of trials and errors, DApps will find their own solutions with own tokens.
Therefore, most likely MEOS will disheart the pumpers, speculators and quick-rich guys. Since they believed in the sweet words of @dan and @block.one. After release of rumored MEOS, within a week EOS speculators will dump in drove. Some of these money will come back to Steem.
Moreover, STINC has invigorated their updates. MIRA should be done within a week or two. According to them major codes of SMTs are done. Therefore, a total focus on SMT will bring SMT closer to light. Then most of the hot DApps such as @dtube, @dsound, @appics, @steemhunt can apply their own token distribution policies. It will be an interesting time.
Steem is already becoming the most scalable freemium blockchain on the planet earth. It is already ranked 4th in China's CCID's ranking. Only thing it lacks from top fours (EOS, ETH and TRON) is TOKEN assignment (i.e. Applicability) which SMTs supposed to solve. Probably with SMTs and its current usage, it can easily topple TRON and EOS, rank two or even one!
Therefore, after EOS's biggest drama queen, MEOS, Steem can only rise and get forwarded. There will be no Steemit 3.0 but many DApps on Steem and EOS chain that will compete with Steemit.
Exciting time ahead. Yesterday, I have recommended my friend to sell EOS on 31st May, before the rumored MEOS release. Again, buy the rumor, sell the news.
Cheers!
@riseofth