RE: Excited About Lightning Network
You are correct and most of the bitcoin haters here are just talking their books
I'm for one not a bitcoin fan, but even I can see that small incremental changes to reduce avg fees below $5 (just see litecoin lightning example of keeping its fee below $0.5....most I have seen is $0.04 in my usage to buy Steem) will justify the notion for mainstream investors & funds to keep adoption of btc as a symbolic digital gold as store of value...it's very-very hard to fight >100 billion investment in bitcoin, don't perilously make the mistake of doubting it
Note: btc may or may not thrive but it will continue to grow once the future sellers can shake all the weak hands who bought btc futures at peak and cash in a few tens of billions on their initial dump & pump game (ironically it's illegal to pump&dump but perfectly legal for the billionaire corporations to do the exact thing in reverse order)
Anyone with keynasian & economic knowledge can argue that at max long term inflation of Steem of a mere 1% (dropping 0.5% each year from 9.5%) is not just justifiable as a people's currency but a necessity for stability, if you don't believe then believe this, critical mass adoption is key and about to happen here as we open up more than 10K accounts each and every day and that number is increasing
when Steem hits 1million users, then 5million, then 10millon, what would stop Steem from taking away transactional value & preferrence from other day to day crypto like litecoin & dogecoin & every other popular trade-transactional crypto in the top 25?
When Steem show we can scale from 14,000 transactions/s to 100K/s, and we can seemslessly support ICO as good or even better, what would stop Steem SMT from taking away future market share from Eth(current mere 27transact/second with raiden&casper minimum 10x?), much like what EOS (also 100K/s) would do likewise?
If Steem hits 50-100Million users what would stop Steem competing with the banks and rendering ripple market share static even retracting like discover card is to visa-mc partnership?
look into the future and you can easily see Steem at $100 near term, $1000 when critical mass arrives at full steam (pun unintentional) shortly after the turn of the next decade, $10,000 long term and I suspect way before we hit half a billion accounts
get at least 1000 (everyone can with dedicated effort) TO (and If you can afford so) 10,000 Steem if you don't have it already, your grandkids will pay homage to your wisdom someday
Your prediction depends on several checkpoints being hit. Still, I agree with the bulk of it.
Steem fills a different ecological niche than Bitcoin, allowing the two to coexist. And Steem has the capacity to fill its niche at least as much as Bitcoin has the capacity to fill its own. Perhaps even more so, since Steem lacks any real competitors in this arena so far (Yours Network and other experiments are not even in the same ballpark).
They're the only two cryptos I'm invested in at the moment, so I am of course biased. Still, Steemit has proven to be made of stronger stuff than I had anticipated. For a long time, I worried that it would fade, and yet its future is now brighter than ever.
wise choices @talanhorne
note this just over 11 months ago there was 2 days in that month that zero accounts were signed up on Steemit, then in September2017 I read we went from 1000signup a day to peak at 3K/day, last month it was 7K to 12K/day, critical mass is just around the corner after that there is little we can do to stop it rolling bigger and faster...it's like physics for behavioural psychology
keep it up sir @dj123
great job,,
Welcome to Steem @rahmanmdriad