Does this suggest that as more and more members join, that newbies will have an increasingly hard time getting traction here?
You are viewing a single comment's thread from:
Does this suggest that as more and more members join, that newbies will have an increasingly hard time getting traction here?
It depends on how fast the price rises... but my guess is that the price of Steem will rise a lot faster than inflation will decrease. The value of the rewards pool has no ceiling. But also, if Steemit scales to the masses, at some point I think it will become just a site that everyone uses (like youtube, reddit, Facebook) rather than a place to try and make a lot of money. i.e. lots of early adopters of youtube make lots of money but that doesn't keep everyone else from using it just like any other social media platform.
so at some point it wont be about the money right?cos i think the more users we have on steemit, the more the number of steem transactions and that would give value to steem.
Yes! The "network effect" should make STEEM more and more valuable!