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RE: MIT PROFESSOR GOES BULLISH ON CRYPTOCURRENCIES
He understands it perfectly well, hence his comments.
And he is correct: until blockchain allows the level of scalability he is taking about, it will remain a minor player, as well it should.
We're getting there, but we're not there yet, especially with the incompetence shown thus far by Steemit Inc., consistently working at cross-purposes to their own stated goals, which haven't helped much.