You are viewing a single comment's thread from:

RE: Bitcoin Surge is an Opportunity to Promote Steem vs Other Cryptocurrencies

in #steemit8 years ago

It has huge advantages, I just see its strengths in a different target market. I am coming from the point of view of Monero being only a digital payment currency and Bitcoin being many things; a digital payment currency/store of value/glue for other crypto like the upcoming bitcache/link to Fiat world.

Personally I think the Steemit platform won't challenge Bitcoin in many of these areas. It's advantages will however enable it to dominate other spaces such as social media.

Sort:  

You're probably right but I still don't think we should limit ourselves.

I had a good think about these comparisons a few weeks ago and I think the most important and easiest to explain and understand are

  • market cap
  • transaction fee
  • block time
  • mining

You can create smart contracts with Bitcoin but not in the dapp sense so I wouldn't highlight that as it could be confusing.
I would also add price and supply are a bit irrelevant (purely for high level general public comparison purposes)

Great points. Thanks.