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RE: First Post After HF20 - Some Initial Thoughts
Frankly I don't see any advantage in it, the people who can invest in crypto remain the same, the people like me who want to but can't because of, most probably, economic limitations are not going to invest, so what happens is the people who have just widen the gap with those who don't, surprisingly similar to real life.
This just tends to make the minnows even less relevant than before, and before we were practically irrelevant, where do you think this leaves us now?
I understand your point on the "widening wealth gap" in terms of crypto investments. While I cannot say for other cryptocurrencies, in terms of the Steem platform, wealth is being redistributed from whales to minnows. You can check out the post from @taskmaster4450 below,
https://steemit.com/steem/@taskmaster4450/steem-whales-are-losing-their-power-the-system-is-not-broken-report-through-4-30-2018
In my opinion, what HF20 represent is actually the first step towards mass adoption. The changes are designed to make it scalable and sustainable for huge influx of new accounts to be created. Hence, I think it is a positive thing.
That being said, I do agree that we have to be careful with the restrictions imposed by RC on low SP users. If the restrictions are too tough, we may lose more users than we gain. That remains to be seen later on...
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I might be wrong but I'm pretty sure scalability and sustainability were already the themes of a couple of hardforks in the past, probably weren't fixed back then, and probably won't be fixed now. I might seem to be kind of cynical but I guess experience has made me this way.
Sure. I guess only time will tell :)
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