You are viewing a single comment's thread from:

RE: Why Steem is HIGHLY undervalued

in #steem7 years ago (edited)

Awesome video and info. Glad to hear I'm not the only one who gets excited when the market is coming down.

As a recommendation for your YouTube video (which can be a solid resource for people searching for research material), I'd consider adding more keywords to the title and the summary so it comes up in more search hits. This would be a good video for newbs to see.

Are the Steem transactions/transfers apples to apples with BTC/LTC/ETH? Is an upvote considered a transaction on Steemit?

Sort:  

Thanks for the tips. I'm horrible at actually trying to promote any content outside of Steem :)

On the transaction front. Every thing done on the blockchain is recorded as a transaction. Every transfer, post, comment, upvote, flag, etc... it's not a direct apples to apples comparison as far as each transaction representing a token transfer, but as far as blockchains are concerned it's the exact same thing, an update to the ledger. A blockchain doesn't care about what's being added to the ledger only that something is being changed and confirmed. It's only us humans that give any value to whatever that transaction represents. Every change requires consensus and is added to a block and thus represents a transaction.

But your point is worth noting for those that are interested in viewing it from the perspective of a token transfer to token transfer comparison.