I guess what I should have been more clear about is that Steem isn't a social media. Steem is everything we put on it, and the value of that is way over $50. Also, if you could buy a game today for $50 with a chance of selling it 5 years from now for $500, you probably wouldn't consider that paying to play. Investments are not pay to play, ever.

We've got 300 million coins on this platform and our inflation rate is set pretty high at the moment. That's a lot of bandwidth. This new RC system has everyone talking like Steem will never be able to scale higher and further reduce the cost of transactions. Why are we assuming that this is as good as it gets? Literally every coin faces scaling issues when it get's popular enough. This is the mainstay bottleneck of decentralization.

This is pretty ironic, because before HF20 it was obvious to me that we could not scale, and now that scaling solution HF20 has been released we have a huge group of people who think the same. HF20 is the solution, not the problem.