You are viewing a single comment's thread from:
RE: STEEM Is Cryptocurrency 2.0: Here Is Why It Is A Huge Winner Long-Term
Yeah Steem has its game-theory/platofrm abuse problems, but from a technical standpoint, it's waaaay ahead of most blockchain projects. Transaction fees? Feh, we don't need those. Long confirmation times? Nah, it's almost instant. Copying and pasting long strings of random numbers and letters? Nope, just send to a username. Tons of transactions clogging up the network? Nope, we good - and handling more than almost anyone (maybe anyone?).
Speculation? Nope, it's a fully realized use case with real users.
I'm riding on Steem big time.
Absolutely @dhouse.
You nailed it with this comment.
Steemit and some of the other apps have their issues, both from a technical standpoint and a human one. However, the steem blockchain is fabulous.
Look at LTC, BTC, and ETH....they have scaling issues...bogged down chains...rising transaction fees....etc.
Now, I am confident with all the developers on those chains, they will get past all the issues in time. However, what is the utility of those tokens. Sure they could be money...but people would still need to buy in. If the tokenized world does take off like I believe, I am sure they will find a way to get it into the hands of people....
Yet Steem already figured that one out too.