I think we will be floating above 1 million transactions per day from here on out. This number is going to grow exponentially. How would the system work under a load of 1 billion or 1 trillion transactions per day? That is what is going to be required by the market very soon.
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Maybe not VERY soon but it is possible, and could be quicker than expected if the popularity really goes exponential. I'm not sure how much can be done to further improve the scalability of STEEM, that is a question for a more technical person