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Steem is based on BitShares technology, adapted as a social network platform by the same people who developed BitShares.

Wow! that's awesome. maybe I should buy bitshares too in bittrex. :) Thank you for enlightenment.

It is awesome! BitShares has been running for years and as Steem has shown, its technology can scale far better than Bitcoin or other networks. BitShares has historically had abysmal marketing, but Steem may finally be getting people to notice the technology.

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