yes, this will have significant effects. thank you for your detailed reply! also, it would be interesting to see the stats on active users who buy into steemit (from their own pockets) when they get on steemit. if the stats were high in favorability, i presume steem value would go higher correlating with more users, but i am not sure a lot of people actually buy in. as you say, the markets are variable and excitable and often not because of anything, really.
However, we know there is an update being tested out so the system can be scaled
What is this update being tested out? I think i have missed it.
thanks, again.
Even for those buying in, it gets more difficult as the price of STEEM moves higher. At $4.50, it takes $4500 to get 1,000 SP. I bought most of my stuff at between $.80 and $1.30....a big difference.
What happens when STEEM is $10 and it takes $10K to get 1,000 SP...or $20K or $50K...
We quickly are moving out of the realm of the average buyer to accumulate any SP...and people who are going to dump $100K into STEEM most likely arent posters but investors so they wouldnt be on here anyway.
As for the update, here is my post....
https://steemit.com/steem/@taskmaster4450/the-steem-blockchain-is-scaling-up-news-from-the-developers
yes... that is my perspective as well- it is truly inaccessible for most. the early adopters are quite advantageous at this point! :) thanks for sharing the link. i'll go look now.