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.