kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayI'm not sure we know what Steem is capable of or the tradeoffs that are being made for scalability. We'll find out if…kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayBuilding a scalable blockchain is quite a claim. We'll see how scalable and decentralized Steem's blockchain is as…kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayThere are tradeoffs with scalability. Systems scale more easily when they're more centralized. We'll see if those…kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayBitcoin can do more than financial transactions: To me, it's unclear if the non-financial transactions on Steem's…kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayPerhaps transactions to certain contracts (dapps) would make sense for tracking success of Ethereum?kyletorpey (55)in #steemit • 8 years agoRE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful WayI like to see my Steem Dollars increase so I can convert them to BTC. Don't really care about Steem Power at this…kyletorpey (55)in #steemit • 8 years agoRE: Steem Passed Ethereum's Number of Transaction and Will Pass Bitcoin SoonThe transaction numbers in this post are misleading. Just made a new post explaining why here:kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!It doesn't make sense to me either.kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!@decrypt I get that aspect of it. The model here appears to be different than appcoins from the past, so I'll need to…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!I'm not sure what level of decentralization is needed for the next wave of social networks, but we'll likely find out in the next few years.kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!Lightning Network makes Bitcoin transactions practically free: Simpler payment channels are already functional.…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!@jbrukh not sure why i can't reply directly to your comment, so posting like this. zapchain and steemit have two…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!The only thing a website like this needs is digital cash (maybe not even that), and bitcoin already provides that. The…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!Why is a blockchain needed for this platform?kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!Payment channels enable what are essentially instant confirmations. The Lightning Network is a generalized network of…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!I think there may be value in something like Steemit. I'm just skeptical of the appcoin.kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!I'm aware of Bitshares, but I'm not sure how well their tech has been tested. Many altcoins make large claims about…kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!Someone told me there is a limit on how much you can withdraw, which raises flags for me, but I still have to look into it on my own.kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!I would say yes. Ryan X Charles (formerly of Reddit) is working on Yours Network, which is similar to Steemit and uses Bitcoin.kyletorpey (55)in #introduceyourself • 8 years agoRE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!What's the incentive to not dump? Holding STEEM seems risky (even riskier than holding bitcoin).