Why I give tech advice instead of direct investment advice on crypto
Thing is going to be my little rant. I love cryptocurrency. Nakamoto brought a gift to this world with his idea of a decentralized currency known as bitcoin. With the release of Namecoin the first altcoin was born. FYI: Namecoin is not dead but it is kinda a forgotten currency but they have a good idea. :( Namecoin was a decentralized domain registry.
Anyways, altcoin have a new level of innovation to the crypto world. Ethereum,Eos,Steem,Bitshares,Monero and much more were created. Many altcoins are right now faster than bitcoin. That probably will change with the introduction of the LN in bitcoin giving 500 tps per LN channel(saving bandwidth and stuff-later on you can change the LN nodes setting to accept more if you are on desktop OS; mobile will be capped at 300-500).
A LN channel is 2 nodes transferring bitcoin between each other. Right now they are 1100 nodes running the mainnet LN. If all 1100 nodes opened LN channels with each other.
1100* 1100=1210000 Ln channels
And each LN channel gives 500 Tps(saving bandwidth and stuff-later on you can change the LN nodes setting to accept more if you are on desktop OS; mobile will be capped at 300-500)
1210000*500=605,000,000 tps
But you get the point
Steem can do 1,216,111,211.72 Tx a day on chain which is enough to support a facebook like site. If that makes all of steem fans happy :)
Why I only give tech knowledge on crypto is bc i can't predict the community.
One exp was Verge:
Is a Dogecoin with Tor and Stealth Addresses not as good as Monero.
What I did not predict was the huge community. Or the cult like mentality as Verge.
You see the community is what makes the coin successful.
It does not matter how good the tech is sometimes, if you have a community willing to spend big money to support it the coin is going to be successful.
I like talking about tech bc it easier for me. I don't want to hear people I recommend to invest in a coin complain to me that they lost money.
OK by rant is done!
Now hear a song for you to listen to.
Upvoted ($0.19) and resteemed by @investorsclub
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Very well put.
Now you have to listen to the song ;)
thanks lol
@crypto2crypto I will like us to create a community on steemit that will help fight poverty even in little means.
This post received a $0.420 (74.07%) upvote from @upvotewhale thanks to @sames! For more information, check out my profile!
That's pretty solid rant :)
So how come steemit is so slow comparing to FB? (Im asking, I really dont know)
Cheers,
Piotr
Hi @sames
It's me again,
Let me suggest something that may help your readers a lot. You should justify your posts.
The difference will be huge. Just like on picture below:
You can find it explained quite well here:
https://steemit.com/html/@dyrits/steem-it-1-how-to-justify-your-text
Post is already a bit to old to upvote :(
Till the next time :)
Yours, Piotr
The tx/s itself is fast but the Ui aka applications built on the chain has other factors such as bandwidth and others. The applications are limited in function-if you read the steemit blog they often talk about server changes plus tweaks increasing the efficiency of the site not the chain.
Also the number i gave is theoretically possible. I think only half of that is actually possible. Why? The nodes have to have enough data,ram, bandwidth and storage just to support that amount. Due these factors the chain can't actually do the number but it can but just harder.