It definitely has had an impact on my life so far. It has been negligible so far when it comes to my financial portfolio for the years I have invested. I am past that and the anticipation of 100x value has definitely waned. The high inflation early on in the supply and the constant sell off by steemit seem to be undermining the value of the currency itself lately.
What is exciting to me is the organic community and structure that grow despite this, and the power we have as individuals which supports some of your points. We get to decide what effort and resources we put up and the value we get in return. The prospect of big monetary return is still there but only as a bonus for me. It is a little motivation to maintain focus as I get huge benefits from interacting with my friends from across the globe.
Hopefully we will be taking off in community and functionality while the supply slows. Then you will see the big upside. Doesn’t take an economist to understand supply and demand but we have many economists joining up an they can help you with that. ;)
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Looking forward to these days...