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RE: Steem vs BTC: Why we could see Steem overtake BTC as the #1 cryptocurrency soon.

in #steemit • 8 years ago

Steemit and Bitcoin will run side by side both with a different purpose. Bitcoin will be used to make payments. Steem will be used as social network power. I don't expect Steem will take over Bitcoin for payments.

8 years ago in #steemit by
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     8 years ago 

    I think it will overtake Bitcoin for Payments. Merchants do not have to sell it instantly like Bitcoin through BitPay, paying commissions... Also waiting 1 hour at checkout for 6 confirmations is not really practical in a supermarket before being able to leave with your groceries... Ahh and if your commission was not high enough, perhaps you have to wait 4 hours for Bitcoin to get included in a block. Steem has 3 second blocks and NO commissions...

    You really do not think that Bitcoin is shitty for payments??

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     8 years ago 

    Bitcoin is slow weak and retarded. Lots of counter party risk if one guy can completely crash the market

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     8 years ago 

    Well we should give bitcoin some credit. Without there would be no steemit and maybe not even an blockhain at all.

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       7 years ago 

      crazy going over these old messages! anyone reember that coindesk article about ho steem could overtake bitcoin when the hype was strong last summr?

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