Yes, we have proven we can handle the most simultaneous transactions on a blockchain, yadda, yadda, yadda, but we aren't comparing apples with apples. Most of our transactions are with words, comments, upvotes etc. and not the monetary transactions that reside on other blockchains.
I couldn't agree with this more. Apples and oranges.
and also ignores the fact that there's many great advances being made on other blockchains that will have their transactional capacity skyrocket.
I get so annoyed when people go on about the steem transaction count. It's like talking about how many times facebook gets an IO request.
Or like how many video views Facebook is claiming to have when we all know most views are just because the video auto-played when you scrolled past.
That said Steem is testing the theoretical transactional limits more so than any other blockchain. If it became a legit currency we know the blockchain could handle it. :-D
And I like them apples :-P
well steem only really does that by running blocks every few seconds - which can be problematic because it would take a number of blocks before there's a level of cohesion among all nodes.
it's really not very different to bitcoin/litecoin/vertcoin storing transactions in the mempool until they get picked up properly by the miners.
Lightning network is changing the game by processing more transactions off the chain, which more or less provides an infinite level of scalability.
and whilst we're testing transactional limits, we're also processing a lot more non financial transactions - and as the steem blockchain grows, so will the non financial transactions. For instance, we can't be sure how well the blockchain will handle Facebook levels of "transactions".