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RE: Steem Passed Ethereum's Number of Transaction and Will Pass Bitcoin Soon

in #steemit • 8 years ago

Some people I know think STEEM is just being victim of a pump and dump. I will link them to this!
I think this proves STEEM has actual value, derived from real world applications.

I think STEEM is still UNDERvalued. It can beat Bitcoin any way you choose to measure the two blockchains.
-Transactions per second
-Cost of transactions
-Maleability/upgradability
-ASIC resistant POW (posting content+curating can't be done by bots!)
-Steem dollars! A cryptocurrency pegged to the USD
-Rewarding liquidity providers
-and many more ^^

8 years ago in #steemit by
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     8 years ago 

    I agree. I think it's undervalued, as well. By 1000s of basis points.

    So many reasons, for example:

    • Mobility of Currency (especially as you move throughout the world)
    • No Fees (as a business owner, I'm already meeting with some dude all the way in Denmark to test his technology to accept cryptocurrency at our Wheel Repair company)
    • Simple to Send Money to Anyone (No wires or dealing with brain-dead bankers)
    • Complete Anonymity of Transactions and Wealth (Speaks for itself)
    • Can Create Private Debt and Equity Instruments with REAL Leverage (Based on balance sheets that actually make sense and are pegged through basket systems to include fiats until they are eliminated; and currency as a whole is de-regulated)
    • Can Deploy Capital Immediately (For example, once shit calms down and the markets are less volatile, then we could structure a draw schedule with a home builder that eliminates much of the unless arbitrage that is systemic of a archaic banking system)
    And lots more. I mean, I literally could go on for hours. This is exactly what the entire WORLD needs.

    [-]
     8 years ago (edited)

    Great points, but as long as timestamped data is on a public ledger there isn't complete anonymity.
    Certain blockchains such as Dash allow for private transactions.

    [-]
     8 years ago 

    Very true. Can you provide a link to Dash so we can learn more?

    [-]
     8 years ago 

    I recommend signing up to the slack channel, a lot of helpful users:

    https://digitalcash.signup.team/

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      [-]
       8 years ago (edited)

      Hey man, I know I'm not the first asking this but I'm impatient about Peertracks/muse... Could we have a small update. Everything ok ?
      Thanks @cob
      Kind regards

      [-]
       8 years ago 

      We just hired a UX designer for Troopeers and getting ready for that. I'm going to NYC next week for a bunch of meetings set up by our PR firm.
      We also have 2 headhunting agencies that began searching for MUSE devs.

      [-]
       8 years ago 

      Aren't the transactions internal between steem steem power and steem dollar at? Is this another circle or are these steem vs btc or steem Eth transactions

      [-]
       8 years ago 

      Biggest gap in their analysis is how SP works to slow down volatility due to the trust in the platform.

      Great points!

      [-]
       8 years ago 

      Thanks for presentation

      [-]
       8 years ago 

      It's true bots cannot post good content (yet), however I disagree on the curation part.

      I invite you to read my blog post here https://steemit.com/steem/@curator/i-made-a-curation-bot-for-steem

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