1- Bitcoin is to energy (electric) power and can easily lead to centralization. And who owns electric grid? This is mainly because of Bitcoin Consensus mechanism (PoW - Proof of Work - which define how the the database are updated).
2- It's take 10 min (for now) for Bitcoin to validate transactions while it's take 3 sec in Steem.
3- Bitcoin process 7 trx/s (for now) while Steem process 10 000 txs/s and can scale up to 100 000trx/s@stellabelle. Steem Blockchain is different from Bitcoin Blockchain in many ways.
I will share with you some educational video of Dan's explanation on how we were able of bringing performance in Bitshares 2.0 (Steem's Brother) and from there you can easily understand why Steem Blockchain is far ahead of the curve regarding performance, scalabily and viability. It can be to technical for non tehnical user.
(4 min)Thks
yes, this is the exact answer i was hoping someone would provide. thanks for that. what a great response! thanks.