Indeed you hit the nail on its head on this one and @ashleykalila indeed is right that you have a way of explaining tech matters in words non tech humans like me can understand haha!

We saw that last December when prices of BTC skyrocketed but so did the transaction fees. It got so terrible that just to emphasize a point sending 1 pesos value of Bitcoin would have a transaction fee of 500 pesos. Sure the bigger amount would reduce the cost in terms of ratio but coupled with the bogged down of transactions and it took several days and even weeks if you used the lowest transaction speed because fees are lower. You want fast they you gotta pay almost 10 times!

Etheruem had the same problem Crypto kitties flooding their system to the utter dismay of other users who were not playing teh game. Imagine if your merchant system was not able to process anything because teh blockchain was being hijacked by kitties! Well it was a bid for their start of worldwide Kitty domination!!! Haha

Yet Steemit kept on going is still developing lots of uses to it and doubled it active users!

I can see a Planet Steem where in we earn, purchase goods and services and live our lives through Steemit!

I may not be an early adopter of Steemit but I am here for teh long run. Keep getting SBD and Steempower, powering up and holding my account.
I will be one of the First Filipino Steemit millionaires who did it with working hard and being creative.