RE: On Thursday (8/4), there were nearly as many Steem transactions as Bitcoin transactions 👀

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On Thursday (8/4), there were nearly as many Steem transactions as Bitcoin transactions 👀

in steem •  8 years ago 

Do you think it's apples to apples comparing Bitcoin transfer of value transactions to Steemit transactions which include upvotes, replies, edits, etc? On Steemle they have a chart called "Transfers Per Day" showing sub-1000/day. I'm guessing that represents a transfer of value from one Steem address to another, though it could be something else I guess.

I agree with you that looking at transactions and engagement for the social network are the right metrics to determine long term success though.

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8 years ago by

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      ·  8 years ago 

    Good question -- I do. They're both a measure of frequency of engagement with the protocol. Steem happens to be a protocol that users have more opportunities to engage.

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