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RE: Why the concept behind Steem is far more interesting than the one behind Bitcoin

in #steemit9 years ago

Interesting thoughts. Steem has reignited the fire in me for Crypto, it's attracting people who never heard of Bitcoin. But I must say the foundation of what makes Bitcoin great is the steady and predictable rate that new currency enters circulation.

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With Steem, 800 STEEMs are created every minute, so t is predictable as well. What is not though it is how it will be allocated (check page 35 of the white paper) For example, you can have suddenly a new user coming from nowhere earning huge amount of fresh new Steems with one post. With Bitcoin you can somehow check the hashing power of each mining pools and determine the chance each one may find the next block.