You are viewing a single comment's thread from:

RE: Bitshares new all time high record

in #bitshares6 years ago

While I love BitShares and Steemit, we need to be careful. This counting of only transactions can give us a false sense of importance. It is not only the number of transactions, but the value, -and really fundamental value- of the transaction that counts. Buying a house and buying a candy bar are both transactions. One is a lot more important that the other. About half of BitShares transactions are order cancellations (not very important), I estimate over 80% of all transactions come from bots. (Marginally important, helpful for market making, but not real people.) In reality BTS has about 33,000 active monthly users. Lets not make is think we are more important than we really are. https://steemit.com/bitshares/@cryptick/bitshares-has-about-33-000-active-users

Sort:  

There are above 100 000 bts wallets holding bitshares (active traders + unactive traders) off exchanges and this number is growing every month.
You have to realize the potential of bitshares blockchain It can handle the trading volume of the NASDAQ, while settling orders the second you submit them.
High performance blockchain technology is necessary for cryptocurrencies and smart contract platforms.

Plus the site does not count batching in its bitcoin measurements...
https://transactionfee.info/charts/payments/perDay
While yes EOS is still doing more than bitcoin(they also are much empty blocks).
Plus how will the site count offchain txs such as the LN? The LN has got much steam right now and is progressing faster than ever!

So there is also a report that the activity spike is caused by a bug in the price feed.

So there is a report- a price feed script got out of control from one of the witnesses including putting 10,000 ops in one block. It spammed the network with the price feed. Still set a record, but that is behaving badly.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 64050.44
ETH 2502.78
USDT 1.00
SBD 2.65