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RE: Are You a Minnow At The Moment? - Shocking Contest Results
That was informative. I didn't even know I was below a minnow.
Yes, steemit is a most complicated platform. If it wasn't thus, there would be no need for this post and your contest before.
But then again, maybe it should be complicated. By that I mean, we are mining crpytocurrency here. We are using proof of brain instead of proof or work or proof of stake, but we are mining nonetheless.
If you were to set up a mining rig, say Ethereum, Dash, or Monero; that would be really complicated. Trust me, I know, because I'm looking into building a mining rig for Monero and Golem at the moment.
So, yeah, thanks for the wake-up call in recognizing that this is complicated. And we should all keep on learning.
I can't agree more with you! 😊
The thing is that people don't realize, don't understand or just don't know, that every action we make on Steemit (posting, commenting, voting) is, in fact, a transaction.
And regarding the block activity we are in high 1st place with more than a double activity that even Bitcoin has and over 30% larger than Ethereum perform.
Blocktivity.info is the site recently discovered by another Steemian, that shares the info about different cryptocurrencies' blockchain activity, so I'm leaving you the link here as it might be interesting to you if you already don't know about it.
Interesting. I just took a look over there. Still, I wonder what those stats are really telling me. Could it just be showing that a lot of activity out of proportion to the value created?
I don't know, I'm not young enough yet to answer.
Apparently, I'm not "young enough" either to know the right answer, but as far as I can understand only the block activity or in other words, number of performed transactions. At least that's how I explain it to myself.
PS upvoted you, for what my vote is worth.
PPS Also Following you now.
As well, thank you for the upvote and follow. 😊