You suppose that Steem will be at the same low valuation as it is now if it has for example a 100 Million accounts instead of 1 Million accounts like today.
I think Steem would be worth 200 times more money if it has a 100 times more users...
Then the money that gets to the reward pool will be 200 times as much as well.
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Yes but the vote value of each user would go way down