You're right on this one. It gave everybody time to rethink and re position within steem. We saw a lot of steem move around and a much wider distribution of sp since the price drop.
Apart from that it gave the developers a kick up the arse to improve the system and make it easier to work on. Since then we can now on board users faster, run the chain cheaper and create tokens for any project. All big wins. We still aren't ready for huge numbers but things are being moved into place for when the time comes.
Posted using Partiko Android