STEEM is Worth a Lot More Than It Currently Does (Even at $3) - Communities and HF20
price·@cryptoctopus·
0.000 HBDSTEEM is Worth a Lot More Than It Currently Does (Even at $3) - Communities and HF20
 Last night I was glued to bittrex watching it climb and climb. It was quite amazing to watch while talking with friends on the steemit chat. We were wondering if we would break the $4...which didn't happen...yet. <center></center> Relative to other cryptos, we still have a long way to go since I believe that Steem should be at least positioned on the top 10 even without the #HF20 and #hivemind being released. ## What is Hardfork 20?  You can read the @steemitblog [Proposing Hardfork 0.20.0 “Velocity" ](https://steemit.com/steemit/@steemitblog/proposing-hardfork-0-20-0-velocity) for more details but here is the skinny. > The focus of this hardfork is on improving the process of account creation and reducing the friction involved in onboarding millions of new users. This proposal addresses some on-chain issues to support signup improvements on Steemit.com and other sites to bring more users into the Steem ecosystem. The issue that Steemit.com and all the other apps that are trying to be built on top of Steem is the cost of account creation. It's difficult to build a business when every new users cost you almost $10. #HF20 will help apps have their own account creation process and to shorten the waiting time for people to sign up to steemit.com From there, we open the floodgate for a massive scaling option. Also, with each new account, they are proposing the BURN Steem and therefore reducing the supply...which mean that with more users comes a higher price per steem...KABOOM! ## Communities and Hivemind I feel like a broken record and to be honest I'm tired of waiting for that feature. But this feature is such a big deal! The Hivemind protocol will allow steemit to have the equivalent of subreddits with different level of permission. One of the biggest problem we have right now is dealing with the firehose of content we get in the "new" section. No group of human can keep up with it and it makes good curation difficult. <center></center> This is partially the reason why I mostly curate my own comment section because doing otherwise is overwhelming and a full time job. ## The Market Will Eventually Catch Up with the Reality of Steem Steem is way bigger than cryptokitties or any other crypto projects. We have the biggest userbase, the most amount of traffic (around ~40Million pageviews last month) and there is no reason why, with multiple websites coming out that the steem blockchain will scale 10X what it is right now in the coming year. When people will realize that Steem is processing over 10Million instant and free transactions per day without flintching an eye...the world will realize that this thing doesn't belong to the top 30 but in the top 5.
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