If people can transact with the blockchain for less cost than what it takes to run the blockchain, you are set up for a tragedy of the commons situation. Eventually, in this scenario, useless or unwanted transactions (spam) will take over the network until the point of collapse.
HF 20 is a type of paywall - the more SP you have, the more useful your account is.. And at some point it will be vital for the continuation of the platform.
@snubbermike very interesting perspective! But with HF20 establishing such a paywall, do you think that Steem can ever reach mass adoption like other social media platforms (e.g. FB)?
Thanks! 😊
It was never possible even without a paywall.