In principle, the approach is quite correct. However, my comment refers more to the performance of the blockchain. I could be wrong, but this platform probably has around 5,000 active users at the moment. Comparatively, this value is absolutely marginal. If there were to be a massive increase in users, I don't think the blockchain would be able to cope with the potential traffic. To stay with the 10x example. Ten times as many users also means ten times as much traffic in the end; this traffic must be tradable by the network, otherwise the functionality is impaired. In this sense, we always talk about scalability. Here, we refer to the extent to which the functionality of the network can be maintained if a corresponding increase in network participants occurs, which in turn is associated with an increase in traffic. Of course, this is where the technical details come in, and there are far better people to talk to who know the technology. I'm on a basic level at best, and that's not nearly enough to fully grasp the technical background of potential scaling problems.
I hope this gives you a little insight into the dangers that exist (at least in the early stages) on the other side of the coin of a platform that is promptly gaining in popularity. Consequences could be, for example, that the network is hardly or not at all accessible and this could lead to a frustration as well as a direct migration of just fresh users.
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I understand and agree. I believe that the developers can make it happen, we must evolve out of this low level. Thanks @st8z
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Interesting comment! I have very little knowledge on the tech behind blockchain so take this as an honest question: are you saying that the network can grow as long as it happens gradually or is there some kind of limit cap that can't or shouldn't ever be surpassed?
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No, there is no such limit. I think that is also a natural process somewhere. Infrastructure is built and works with X users. But if the user base reaches a value of, say, 10X, the infrastructure may not be able to handle the increasing traffic. Then it will be seen how to make the infrastructure ready for the increased traffic. Presumably, such efforts already exist where there is no acute need for action. But you'll have to take a look at the developer areas to see if there are any proposals or the like that deal with scalability. In principle, the process described at the beginning repeats itself until the infrastructure can cope with the traffic or it has reached its peak. But that will probably be a very long way off, if at all.