RE: Can Bitcoin scale to keep up with demand created by Steem?

You are viewing a single comment's thread from:

Can Bitcoin scale to keep up with demand created by Steem?

in bitcoin •  9 years ago 

Steem definitely looks poised to become the mainstream's gateway coin into crypto. However, once people are into Steem, I think the value proposition for Bitcoin (and others) will become much more accessible, due to the ease of exchanging digital coins (relative to fiat). Bitcoin is currently the most-trusted, defacto "reserve" digital currency. It may never have the capacity required to support worldwide retail or a social networking site, nor do I think Satoshi intended it to. Equally, Steem is social-media platform (and shopping destination?), not a place one would put large amounts of their savings for purpose of insulating themselves from various kinds of economic disruptions.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!