Impact of Hard Fork 19
So, how will the latest Hard Fork affect Steemit. The reception from users in general has been overwhelmly positive (based on the posts I have read). The reward distribution is still proportionate to Steem power but now the relationship is more balanced.
But what about the Steemit platform as viewed by the outside world Andy investors (many of whom will be active users of Steemit).
Looking at the price change over the last 24 hours you might conclude that this has not been viewed well by the market.
The Steemit price change over the last 24 hours is shown below (courtesy of coinmarketcap) and shows an 8% drop since this time yesterday.
My view on this is that swings of this magnitude are very typical of cryptocurrencies and what we are seeing is not an underlying trend or market reaction, it's just plain noise!
I am very confident this change is going to have an positive effect on the price and I can't see why it wouldn't. Steemit is about people, sharing incredible content and being part of a community. Hard Fork 19 will:
Draw more people to the platform due to the more equal but fair Reward Structure
More user mean more content and more content means more to pick from and richer bank of content
both of then above will carry Steemit forward and this movements can only be a positive thing once the integrity and values of Steemit are maintained.
So, give it a few days and hopefully the outside world will see how this change will take Steemit to the next level.
Thank you for reading.
Disclaimer: I am not a financial expert and this post does not constitute investment advice.
Will the inflation rate remain 9.5% p.yr.?
It will most likely remain under 10% for a while.
I hope it will all be okay !
If we continue to look at the value of Steemit based on the people and the content, then of price will continue to climb!
Keep Steeming!
Yes, swings of this magnitude are very typical of cryptocurrencies. So... no stress :)
Also the people that posted before who Did not get a lot of rewards and stopped posting because they gave up will be more enthousiastic to stay and post more!
I would not worry much about that insignificant price drop. I am pretty enthusiastic with the outcome of HF 19, it will clearly be beneficial to the development of the platform and its content quality. Great move Steemers!
obviously this change has already taken steemit to the next level no doubt.
The changes are beneficial. More rewards for low power users will attract more new users and grow the platform for the benefit of all.
Hope so. I think thar Steem can dip short-term due to flow of new earned SBDs from a minnow army. But longterm Steem will get us to the moon.
I dont think so, because People will be motivated to Increase Steem Power.
Like me 😜
Obviously it wasn't rosy for other platform like Fb, Google and the likes they grow there.
If growth is too exponential it pops at some point and stagnates but steem is growing through with the normal growth parameters and it will stabilize with a steady growth curve as the community gets bigger.
I share your opinion. cool!