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RE: Note: Steemit Transaction Numbers are Misleading, It's Not About to Pass Bitcoin in a Meaningful Way

in #steemit8 years ago

Bitcoin only can deal with financial transactions while Steem or Ethereum can do with other activities. It is like that Bitcoin is a feature phone and Steem is a smart phone in 2008 when iPhone 3g was released but majority of people are using feature phones. If we view phone calls only, feature phones had a greater number than smart phones. But we know this is not an appropriate comparison.

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Bitcoin can do more than financial transactions: https://www.proofofexistence.com/

To me, it's unclear if the non-financial transactions on Steem's blockchain need to be on a blockchain. The phone analogy doesn't work because it isn't clear if those "smartphone features" are useful.