I was just reading an article from @themarkymark that he wrote last year about the primary objective of hf20.
To sum up his comments, the focus of the hard fork is improving the process of account creation. Also to position steem so that it can support a larger user base similar to Reddit.
The proposed plan would be to offer all steem new user accounts a minimum bandwidth and this would allow new users to participate on the blockchain without steem power.
One of the key areas limiting steems growth is the cost in creating new accounts.
At the rate that steem is growing at the time it would take 12 years to reach half the size of Reddit 234 million users.
A post by @arcange show that in february 2018 the total number of registered users was 800,000. The total number of active users who used the site atleast 1 time was half of that 400,000.
I just received a correction from @themarkymark and he says that the active use base is 20,000 or less and we have a registered base of users of over 1 million, so we still have a long way to go.
Even though we are at 1 million users that's still pretty small compared to other social media platforms. Facebook has 2.23 billion active users who contribute to the platform for free with no incentive. What happens when people figure out they can make profit on steemit.
Active users is more like 20,000 or less. We are over 1M accounts now.
Thank you for the correction. The article I read was 7 months old.
I understand, just figured I’d give more accurate numbers but even 7 months ago there wasn’t 400k active users or anywhere near that.
Just curious but where do you find those numbers?
I calculated them by looking at activity on the blockchain. My numbers estimate around actual 12k active users.
Interesting, that number is rather low. Would have expected a higher number
Wow that was amazing
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