RE: Why steem is worth less than it could be, and what v.20 could do for us.
V.20 will allow cheap account creation which is needed for the millions of users we want to join the chain.
I think this remains to be seen. They're definitely changing account creation and decentralizing it, but whether it actually becomes cheaper, easier, or better isn't clear yet.
It also doesn't help broaden the economic base if we're flooded by new users whose posting we can't support. Who has existing stake to vote on millions of new users? We need moderate growth as we build systems to welcome new users in ways that will encourage them to stay and produce, and we need the users in that moderate growth phase to build stake so they can participate in welcoming larger groups later. We don't have those now, and if we open the floodgates we're just going to have a lot of disappointed ex-users who tried Steem and never got anywhere. This is already a problem even with the volume we have now.
Agreed that getting fiat pairs on usable exchanges would be hugely helpful but that has nothing to do with hf20.
Fiat pairs has no effect but its more important than smt's whichis what were trying to get at. Account creation and getting on more exchanges is pretty important. A tad bit more important than smt's it could also have a huge impact on our market.